overflow: hidden; }.form20 background: #fff; If you opt out, though, you may still receive generic advertising. Get started online or call us at. width: 41px; border-radius: 5px; A physician loan is distinctive for not requiring PMI, even with a down payment of less than 20%. While this blog may not be the prettiest site on the web, we hope you find this information useful. }.form20 If youve paid off some debt, built equity and increased your income, you may be in a great position to refinance into a conventional loan and save. Keep in mind these types of loans usually dont offer a fixed interest rate. Medical Doctors (MD), Doctors of Osteopathy (DO), Doctor of Dental Medicine- Dental Surgeons, Orthodontists, General Dentist (DMD/DDS), Doctors of Podiatric Medicine (DPM), -Loan Amounts up to $1,000,000 with 0% Down, -Loan Amounts up to $1,500,000 with 5% Down, -Loan Amounts up to $2,000,000 with 10.01% Down, -The maximum loan to value / total loan to value for borrowers practicing 10 years but less than 15 years is 89.99%, -Close up to 90 days before employment starts, Fully Amortizing 5/6-Month, 7/6-Month and 10/6-Month SOFR ARMs, Primary Residence, 1 Unit Properties, Log Homes (Max 80% LTV), Attached or Detached Properties Warrantable Condos, PUDs, **All loans are subject to credit approval**. It was built for YOU. Doctors are often at a disadvantage when applying for a regular mortgage early in their career because they usually have a large debt-to-income ratio (DTI) after medical school, and may not be able to provide proof of employment and income if theyve just graduated or started their residency. background: transparent url(https://www.doctorloanprograms.com/wp-content/plugins/form-maker/images/03/date.png) no-repeat !important; cursor: pointer; The site(s) must complete the electronic EV before you can submit your application. This information may be different than what you see when you visit a financial institution, service provider or specific products site. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Some programs will lend to borrowers with less than two years of self-employment or work as an independent contractor. PhysicianLoans is now part of Huntington. padding-left:10px; .ui-slider-range { If one of the medical school loan forgiveness programs listed above matches your career goals, do the following to get started: Know what types of loans qualify. The Indian Health Service Loan Repayment Program offers up to $40,000 in student loan repayment for doctors who work for at least two years in communities that serve American Indian or Alaska Native populations.
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