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Meet Paul Wasserman

Physician Mortgage Specialist – Wintrust Mortgage
NMLS #453698
Based in Los Angeles, California
Serving States:
  • AZ
  • CA
  • FL
  • IA
  • IL
  • IN
  • MI
  • MN
  • MT
  • NC
  • ND
  • WI
Direct: (818)-397-5665
Email: paul.wasserman@wintrustmortgage.com
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Physician Mortgage Snapshot

  • Purchase and Rate/Term Refi of Primary Residence.
  • Borrow up to $2 million with less than 20% down and no PMI, up to $3 million with 20% down.
  • Whether salaried or self-employed, can use future income if you close escrow within 90 days of starting a new job.
  • No employment history necessary.
  • Competitive rates.
  • Relationship rate discounts up to 0.50% available for Wintrust Bank deposits and autopay.

Program Strengths

  • No limit on number of years in practice.
  • No limit on other real estate owned.
  • No prepayment penalties.
  • Financing available for 1 or 2 Units Owner-Occupied.
  • Warrantable and non-warrantable condos allowed.

Eligible Professions

  • Physicians (MD, DO, DPM)
  • Dentists (DDS, DMD)
  • Oral Surgeons (OMS)
  • Pharmacists (PharmD)
  • Chiropractors (DC)
  • Veterinarians (DVM)
  • Doctors in a Fellowship program

Program Terms

  • Rates fixed for 15, 20 and 30 years if LTV > 90%.
  • Rates fixed for 7 and 10 years (7/6 ARM and 10/6 ARM) for any LTV.
  • Student Loan Debt omitted if deferred at least 12 months.
  • Low cash reserve requirement.
  • Gifts from family members allowed for the entire down payment, closing costs, and reserves.

Prefer Paul to Contact You?

Drop your name and phone number and I’ll have Paul reach out to you!
As you explore loan options, you’re going to hear a lot of industry jargon and technical program guidelines. You wouldn’t be alone if you found it confusing and maybe little bit overwhelming.
To help you separate the wheat from the chaff and answer any questions specific to your situation, it may be helpful to spend 10 or 15 minutes on the phone.
DoctorLoanPrograms.com is a national physician mortgage directory helping doctors compare approved physician loan officers across the United States.

Wintrust Mortgage Physician Mortgage Loan Officer

Paul Wasserman with Wintrust Mortgage of Barrington Bank & Trust offers a physician mortgage program designed specifically for medical professionals. It is available to doctors, residents, and fellows purchasing a primary residence in AZ, CA, FL, IA, IL, IN, MN, MT, ND, and WI. The program features low or no down payment options, flexible student loan treatment, and no private mortgage insurance (PMI).

FAQs

What credit score is required for a physician mortgage with Wintrust Mortgage?
Wintrust Mortgage generally prefers a strong credit profile, typically around 700 or higher, though approval depends on the borrower’s overall financial picture and employment documentation.
Does Wintrust Mortgage count student loans in debt-to-income calculations?
Yes, student loans are included in debt-to-income (DTI) ratios. However, physician mortgage underwriting may offer more flexible treatment of student loan obligations compared to conventional mortgage guidelines.
Can residents qualify for a physician loan before starting their job?
Yes. Residents and fellows with a signed employment contract can typically qualify and close on a home prior to their official start date.
What is the maximum loan amount available through this physician program?
Loan limits vary based on borrower qualifications and underwriting guidelines, but competitive financing options are available with low or no down payment tiers.
Is private mortgage insurance (PMI) required?
No. The physician mortgage program does not require private mortgage insurance (PMI), even when the down payment is less than 20%.
How much down payment is required for doctors?
Many physician borrowers may qualify with low or no down payment depending on the loan amount. Larger loan amounts may require a modest down payment.
Are signing bonuses counted as income?
Signing bonuses and guaranteed future income may be considered qualifying income when properly documented in the employment contract and approved by underwriting.
Which states does Wintrust Mortgage offer physician loans in?
The physician mortgage program is available in AZ, CA, FL, IA, IL, IN, MN, MT, ND, and WI.
How does this program compare to other physician mortgage lenders?
Wintrust Mortgage offers competitive low or no down payment options, no PMI, and flexible student loan guidelines, making it a strong regional option among physician mortgage lenders.
Can I use this loan for a condo or multi-unit property?
Yes. Physician mortgage loans through Wintrust Mortgage can typically be used for primary residences, including eligible condos. Multi-unit eligibility depends on occupancy and underwriting guidelines.

Bank of Texas

Program is available in the following states : TX, AZ, AR, OK, NM, KS, MO, CO
Disclaimer: Program features are subject to change. Please check with your loan specialist for the most up to date product information.

TERMS:

  • Primary residence only
  • Purchases or refinances (no cash out)
  • Discounted 0.125% interest rate option available for borrowers who have a qualifying Bank of Texas checking/savings account and agree to make a mortgage payment via ACH from that account

PROFESSIONS:

MD, DO, DDS, DMD, Resident, Fellows, CRNA, DNAP, DP

STRENGTHS:

  • 0% down payment up to $1.5 million
  • 5% down payment up to $1.75 million
  • 10% down payment up to $2 million
  • 15% down payment up to $2.25 million
  • No mortgage insurance required by borrower
  • Competitive fixed and variable rate options
  • No origination fee
  • Student loans deferred greater than 12 months from closing are not considered in debt-to-income ratio
  • Student loans placed on income-based repayment plans are allowed 700 FICO
  • Low reserve requirements

All of the loan officers listed here specialize in working with doctors. They are battle tested, seasoned, and recommended by your peers.

Gene Zink (NMLS# 162301 )
972-897-4120
Gzink@bankoftexas.com

Do you want Gene to contact you?

I’ve made it real easy. Drop your name and phone number in the form below and I’ll let them know that you would like more information.
By contacting you certify that you are a medical professional or the spouse of one. Disclaimer: The postings on this site do not represent this banks positions, strategies or opinions.
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Wintrust Mortgage of Barrington Bank and Trust

Available States: AZ, CA, FL, IA, IL, IN, MN, MT, ND, WI

LENDER FEATURES:

  • Minimum down payment: 0% down up to $850,000
  • Residents or fellows allowed: Yes
  • Maximum loan amount: $3 million
  • Degrees that qualify: MD, DO, DMD, DDS, DPM, PharmD, DC
  • 0% to $850k loan amount – 740 credit required
  • 3% to $1.25mm loan amount – 720 credit required
  • 5% to $1.5mm loan amount – 700 credit required
  • 10% to $2mm loan amount – 700 credit required
  • 20% to $3mm loan amount – 680 credit required
  • Must be exiting residency within 6 months, already in fellowship, or attending

All of the loan officers listed here specialize in working with doctors. They are battle tested, seasoned, and recommended by your peers.

Do you want Hunter to contact you?

Hunter Finley (NMLS# 950092)
916-302-6408
hfinley@wintrustmortgage.com

I’ve made it real easy. Drop your name and phone number in the form below and I’ll let
him know you’re looking for her.

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    By contacting you certify that you are a medical professional or the spouse of one.
    Disclaimer: The postings on this site do not represent this banks positions, strategies or opinions.
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    About this Site

    Part of the Physician Focused™ Network

    Doctor Loan Programs™ is a division of Physician Focused™, a nationwide advisory platform serving physicians and healthcare institutions.

    Across the Physician Focused™ network, the focus remains consistent:

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