Not every doctor wants to stay in the same home—or even the same state—for 30 years. That’s where the Doctors Advantage 7/1 ARM Mortgage from People Driven Credit Union shines. Designed for medical professionals, this loan gives you competitive rates, no PMI, and the flexibility to move, refinance, or upgrade in a few years—without overpaying in the meantime.
Why Choose the Doctors Advantage 7/1 ARM?
With a 7/1 adjustable-rate mortgage, your initial interest rate is set for the first seven years, then adjusts annually based on the market. It’s a great choice if you plan to refinance, relocate, or upgrade your home in the near future—common scenarios for medical professionals early in their careers.
Key Features of the Doctors Advantage 7/1 ARM
- 100% financing on single-family primary residences in Michigan
- No Private Mortgage Insurance (PMI)
- Student loan payment waiver* for qualifying medical professionals (≥ 2 yrs in profession).
- 7-year initial rate for 7 years, followed by annual adjustments (2.75% margin)
- No LLPAs – and premium pricing/buydown options allowed
- Loan amounts up to $1,000,000
- Minimum credit score: 740
- Maximum debt-to-income ratio: 40%
- Origination fee: 1.5% of loan amount, capped at $10,000.
- Premium pricing and buydown options allowed.
- No LLPAs; competitive secondary‑market-derived pricing.
Property Types & Availability
This flexible ARM mortgage can be used to purchase a primary residence, second home, or investment property located anywhere in Michigan. It’s ideal for borrowers planning to move, upgrade, or refinance within a few years.
Who’s Eligible?
Professionals with at least two years in their field are eligible. This includes:
- Doctors
- Dentists
- Pharmacists
- Veterinarians
- Anesthesiologists
- Nurses
- First responders
If you’re ready to make your move, PDCU is ready to support your path to homeownership with expert guidance and member-first service.
Let’s Get You Home
Whether you’re fresh out of residency or just looking for more control over your mortgage, the Doctors Advantage 7/1 ARM Mortgage gives you the tools to move forward with confidence.
Reach out today to talk with our mortgage specialists:
Disclosures
Available to all eligible medical professional members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year ARM term (360 monthly principal and interest payments of varying amounts: initial 5.5% Interest Rate with an Annual Percentage Rate (APR) of 6.199% for years 1-7 (84 monthly principal and interest payments of $1,135.58); first adjusted interest rate can increase or decrease by 2% (3.5%-7.5%) for 1 year (12 monthly principal and interest payments of $938-$1,352); second adjusted interest rate can increase by 2% or decrease as low as the rate minimum (2.75%-9.5%) for 1 year (12 monthly principal and interest payments of $872-$1,579); subsequent adjustments can increase to the rate maximum (10.5%) or decrease to the rate minimum (2.75%) each year for years 10-30 (annually adjusted monthly principal and interest payments of $872-$1,695)); 0% Down Payment; Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. MFM is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent MFM, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.