Loans Specifically For Doctors

I know most people think doctors must be doing quite well in terms of livelihood but fact is, most doctors can be strained by high student loans.  And those can take a very long time to repay.  Unfortunately for them, student loans are one of those forms of debt that can make getting a loan difficult.  But there is a new program out there that can help.  Here are some of the guidelines.

DOCTOR LOAN PROGRAM FEATURES:

-95% Financing up to $1,000,000 with no mortgage insurance

-89.90% Financing up to $1,500,000 with no mortgage insurance

-85% Financing to $2,000,000 with no mortgage insurance on 2 Units

-Close on your home up to 60 days prior to new employment start date (with an executed contract)

-Eligible professions include Residents, MS, DDS, DO, DS, and Veterinarians

-Student loans may be excluded from the DTI with proof of 12 months deferment/forbearance

– 700 + FICO score required for 89.90% financing, 720+ FICO for 95% financing

– Eligible Properties Types: One Unit Single Family, PUDs, 2 Unit Attached, Condos

– Eligible Products: 5/1, 7/1, and 10/1 ARM with fully amortized payment.

So, if you are a doctor and looking to buy a home, give me a call