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 interest rate is fixed 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 fixed 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.
Terms and pricing subject to change without notice.
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:
Meet Our Mortgage Loan Officer
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.
Michelle Dzon
Member First Mortgagemichelle.dzon@memberfirstmortgage.com
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727
Member First Mortgage, LLC NMLS ID# 149532
All loans are subject to credit approval. Terms and conditions apply. Mortgage insurance may be required based on borrower qualifications. Program availability is subject to change without notice.
