We specialize in connecting physicians with doctor loans.

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If you’re thinking about buying a home, you may wonder whether you need a real estate agent.  There are plenty of resources for a buyer these days, from online search sites to how-to guides.  But an agent has something no buyer – particularly a first-time buyer – does: a wealth of experience.  An agent will work as an advocate on your behalf and, in most cases, will get you a better deal than you could get yourself.

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A doctor loan often requires no down payment or private mortgage insurance (PMI). Avoiding mortgage insurance can typically save hundreds per month in a mortgage payment. Most of the time a person would have to put at least 20% down to avoid mortgage insurance. In addition, doctor loans may not include student loans in the debt ratio calculation. This is important because many residents and fellows would not qualify for a mortgage loan or would have to get a less expensive home if student loans were included in their debt ratio. In order to qualify for doctor loans, some banks require the physician to open an account at the bank from which the mortgage is paid. Depending on the down payment made, some of these programs offer loans into the multi-million dollar range. Typically, they loans are only for primary, owner-occupied properties, but some are available for second homes. They can be used for purchase and often for refinance or construction as well.

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Can Doctors Loans be used to Buy Condos?

Condos and Doctor Loans Star-crossed lovers or a match made in heaven? Condominium living can be great for folks who love living in community and who don't want to deal with a lot of exterior property maintenance. You simply pay your HOA (Home Owners Association) fees each month, and someone else takes care of your [...]

Which Doctors qualify for a Doctor Loan?

Doctor Loan A doctor loan is a special program that banks and mortgage loan companies offer to physicians. So you’ve finally graduated and now have those wonderful letters "DR" in front of your name. Congratulations! Just having those two little letters, however, doesn’t necessarily mean that you qualify for a doctor loan (Sorry, PhDs, but [...]

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