Well – not everyone is eligible for this special offering and we are one of the few companies that will quickly connect you to the best in class for this exceptional program. We’ve been assisting the medical community in this effort for 31 years and our expertise is unmatched. We pride ourselves with making sure that each Medical school graduate, Doctor, Physician, and Dentist receives the very best terms for their home.
Eligible States include: Alabama, Arkansas, Delaware, Florida, Georgia, Tennessee, South Carolina, North Carolina, West Virginia, Virginia, Mississippi, Maryland, D.C., and Pennsylvania.
To qualify for the doctor loan one must be one of the following:
- Medical Student – 4th year graduate with signed employment contract starting Residency 60 days post home closing
- Medical Resident (MD, DO, DDS, DMD)
- Established Medical Physician – regardless of tenure (MD)
- Doctor of Ophthalmology (MD)
- Doctor of Osteopathy (DO)
- Dentist and Oral Surgeon (DDS, DMD)
Even if you have not had a chance to strengthen your financial position or credit standing due to working diligently as a medical student, resident or newly licensed doctor you may still qualify. You will however need at least a 680 credit score. The higher the score is the least amount down will be required.
The primary highlight of the program is 100% financing which is an exclusive feature that no other conventional program can provide. In addition, there is No Mortgage Insurance required in the monthly payment. This is a huge savings over time.
While there is no minimum loan amount, the maximum loan limit is $1,500,000 – far exceeding standard loan offerings. This will allow preserving of your cash assets enabling future growth in a medical practice or partnership.
The Doctor Loan is eligible for purchase or refinance transactions with unmatched latitude. One can select from fixed and adjustable rate options, with terms including 30y, 20y,15y, and 10y fixed including all fixed to adjustable terms (ARM’s) 5/1, 7/1, and 10/1.
Our mortgage bankers are authorized to provide through subsidy the very best in rate, and bank cost with attention to customer service.