Med School Loans and Income Based Repayment (IBR)

Qualifying for a Doctor Loan: Medical School Loan Deferment (Waiving medical school loans from your qualifying debt to income ratio when qualifying for a Doctor Mortgage) This topic of discussion often comes up because many physician lenders simply advertise “medical school loans not counted in debt ratios”. Once you contact the lender you will realize … Read more…

What do most Physician Loans have in Common?

What is a Doctor Loan? A Doctor Loan or Physician Loan is a mortgage specifically designed with medical professionals in mind. They offer features unique to individuals in the medical profession. What features do most Physician Loans have in common? –The ability to finance more than 80% of the purchase price with no PMI. Private Mortgage Insurance … Read more…

Let’s Talk about Income

Many physician lenders offer some unique ways of looking at your income. Often the guidelines for determining your employment are more flexible than your typical Conventional Loan. When researching a mortgage for doctors consider your options. Qualifying for a Doctor Loan: Types of Doctor Employment Physician lenders often consider the following categories of employment acceptable: –W2 Employee: … Read more…