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Meet Patrick Godfray

Community Mortgage Banker – Fifth Third Bank
NMLS #978864
Based in Independence, Ohio
Serving: FL, IL, IN, KY, MI, OH, TN, WV, GA, NC, SC
Direct: (216)-870-6617
Email: jennyjohnson@bankoftexas.com
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Physical Mortgage Snapshot

  • 0% down up to $1,000,000 (700+)
  • 5% down up to $1,000,000 (680+)
  • 5% down up to $1,500,000 (700+)
  • 10% down up to $2,000,000 (700+)
  • 6 months reserves for loan amounts >= $1,000,000
  • Rate/Term refinancing the same loan to values as the purchase
  • Debt-to-income up to 50%.
  • 2 months reserves for loan amounts <$1,000,000
  • Gift funds allowed for reserves for <$1,000,000

Program Strengths

  • Gift funds can be used for closing costs & prepaids
  • Less then 24 months self employed income if they acquired a practice
  • Can use unencumbered assets to qualify/show more income
  • If using resident or fellow income, we can ignore student loans
  • Can you future income if a physician starts a new job within 90 days of the closing date
  • Allow J1 & H1B Visas with proof of continued employment
  • Can lend in all 50 states for Private Banking clients (all else remains the same: FL, IL, IN, KY, MI, OH, TN, WV, GA, NC, SC)
  • $2,000,000+ in assets with the bank for Private Banking
  • No additional money down on condos
  • Relationship rate discounts starting at $25,000 of assets with the bank

Prefer Patrick to Contact You?

Drop your name and phone number and I’ll have Patrick reach out to you!
All of the loan officers listed here specialize in working with doctors ONLY. They are battle tested, seasoned, and recommended by your peers.

Fifth Third Bank Physician Mortgage Loan Officer

Patrick Godfray with Fifth Third Bank offers physician mortgage loans designed specifically for doctors, residents, and fellows. His program provides low or no down payment options up to significant loan limits, flexible student loan treatment, competitive fixed and adjustable-rate mortgage options, and no private mortgage insurance (PMI). Patrick works with medical professionals across FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, and WV to tailor mortgage solutions that fit physicians’ unique career timelines and homebuying needs.

FAQs

What credit score is required for a physician mortgage with Fifth Third Bank?
Fifth Third Bank generally prefers a minimum credit score around 680–700, though exact requirements depend on your full financial profile and employment contract. Stronger credit typically improves loan terms and options.
Does Fifth Third Bank count student loans in debt-to-income calculations?
Yes, student loans are included in debt-to-income (DTI) calculations. However, the physician mortgage program offers more flexible DTI guidelines than conventional mortgages to help early-career doctors qualify.
Can residents qualify for a physician loan before starting their job?
Yes. Residents and fellows with a signed employment contract can typically qualify and lock in financing before the official job start date, which helps with relocation and planning.
What is the maximum loan amount available through this physician program?
Physician mortgage limits depend on experience and income. Many new doctors can obtain low or no down payment financing up to $1,000,000, and established physicians may qualify for higher amounts with a modest down payment.
Is private mortgage insurance (PMI) required?
No. Fifth Third Bank’s physician mortgage program does not require private mortgage insurance (PMI) even with low or no down payments, helping lower monthly mortgage costs.
How much down payment is required for doctors?
Down payment requirements vary by loan size. Many physician borrowers can qualify with 0% down on certain loan tiers, while larger loan amounts may require a small down payment.
Are signing bonuses counted as income?
Signing bonuses and guaranteed future income can often be used to help qualify for the loan, provided they are documented in your employment contract and acceptable to underwriting.
Which states does Fifth Third Bank offer physician loans in?
Fifth Third Bank’s physician mortgage program is offered in FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, and WV — the states where Patrick Godfray works with medical professionals.
How does this program compare to other physician mortgage lenders?
Fifth Third Bank offers competitive low- or no-down payment options, no PMI, flexible DTI treatment, and both fixed and adjustable-rate mortgages, making it a strong option compared to many other physician loan programs.
Can I use this loan for a condo or multi-unit property?
Yes, the Fifth Third physician mortgage can be used for a primary residence, including eligible condos. For multi-unit properties, occupancy and eligibility must meet program guidelines, so check with Patrick for specific property approval.

Fifth Third Bank

FIFTH THIRD BANK: FL, IL, IN, KY, MI, OH, TN, WV, GA, NC, SC

DOCTOR LOAN PROGRAM FEATURES:

  • ALL physicians 0% down up to $1,000,000 (700+).
    • 5% down up to $1,000,000 (680+)
    • 5% down up to $1,500,000 (700+)
    • 10% down up to $2,000,000 (700+)
  • Rate/Term refinancing the same loan to values as purchase.
  • Debt to income up to 50%.
  • 2 months reserves for loan amounts <$1,000,000
    • Gift funds allowed for reserves for <$1,000,000
  • 6 months reserves for loan amounts >= $1,000,000
  • Gift funds can be used for closing costs & prepaids
  • Can have less then 24 months self employed income if they acquired a practice
  • Asset dissipation underwriting allowed
    • Can use unencumbered assets to qualify/show more income
  • If using resident or fellow income, we can ignore student loans
  • Can you future income if a physician starts a new job within 90 days of the closing date
    • Can get exceptions if slightly longer out
  • Allow J1 & H1B Visas with proof of continued employment
  • Can lend in all 50 states for Private Banking clients (all else remains the same: FL, IL, IN, KY, MI, OH, TN, WV, GA, NC, SC)
    • $2,000,000+ in assets with the bank for Private Banking
  • No additional money down on condos
  • Relationship rate discounts starting at $25,000 of assets with the bank

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

    Patrick Godfray (NMLS #: 978864)
    216-870-6617
    patrick.godfray@53.com
Do you want Patrick to contact you?
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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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Part of the Physician Focused™ Network

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

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