Look after your financial health with a specialty home loan.

Managing your financial health is crucial, especially when pursuing a career in medicine. The unique demands of medical training and practice can sometimes make homeownership seem out of reach, but there’s a mortgage solution tailored specifically for professionals like you.

Introducing the Doctor Loan

Designed to accommodate the needs of various medical professionals, the Doctor Loan helps you finance a home while managing the financial pressures of your career and student loans.

Who is Eligible?

This loan is available to a range of medical professionals, including:

• Medical Residents (Educational License)
• Medical Doctors (MD)
• Doctors of Dental Surgery (DDS)
• Doctors of Dental Medicine (DMD)
• Doctors of Optometry (OD)
• Doctors of Ophthalmology (MD)
• Doctors of Pharmacy (PharmD)
• Doctors of Podiatric Medicine (DPM)
• Doctors of Osteopathy (DO)
• Doctors of Veterinary Medicine (DVM)
• Registered Nurses
• Nurse Anesthetists
• Nurse Practitioners
• Clinical Nurse Specialists

For Medical Doctors, eligibility extends to those who are active medical residents (typically completing residency within 3-5 years or up to 7 years for specialty fields) or those within the first 10 years of their profession post-residency completion.

Key Features of the Doctor Loan:

– High Loan Amounts: Up to $1.5 million

– Low Down Payment: Designed to reduce the upfront cost

– Adjustable-Rate Options: 5/6, 7/6, and 10/6 adjustable-rate options available

– Flexible Contributions: Interested party contributions are allowed

Additional Advantages:

– Reduced Mortgage Insurance Requirements: Many Doctor Loan programs do not require private mortgage insurance (PMI), even with a low down payment, which can significantly reduce monthly payments.

– Higher Loan-to-Value Ratios: These loans often offer higher loan-to-value (LTV) ratios, allowing for a larger loan amount relative to the property’s value.

– Flexible Credit Requirements: Doctor Loans may have more lenient credit score requirements, understanding that early-career medical professionals might have less-established credit histories.

– Deferred Student Loan Payments: Lenders may consider deferred student loans more favorably, meaning that while you may have student debt, it won’t necessarily impact your ability to qualify for a mortgage as much as it might with traditional loans.

– No Prepayment Penalties: Many Doctor Loans do not have prepayment penalties, allowing you to pay off your mortgage early without incurring additional costs.

– Specialized Underwriting: Lenders often have specialized underwriting processes for these loans, taking into account the unique financial situations of medical professionals, such as fluctuating incomes and significant student loans.

– Support for High-Debt Borrowers: These programs are designed to support high-debt borrowers who have invested heavily in their education but may have limited savings due to their student loans.

– Potential for Lower Interest Rates: Some Doctor Loan programs offer competitive interest rates specifically for medical professionals.

This mortgage is crafted to support your journey as you balance your career and homeownership. Reach out to learn more about how a Doctor Loan could work for you.

Garrick Werdmuller
President CEO
Fresh Home Loan Inc
510.282.5456 call/text
NMLS 242952
www.FreshHomeLoan.com

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All loan approvals are conditional and not guaranteed and subject to lender review of all information. Loan is conditionally approved when lender has issued approval in writing, but until all conditions are met, loan cannot be funded. Specified rates and [products may not be available to all borrowers. Rates subject to change according to market conditions and agreed upon lock times set by borrower. Fresh Home Loan Inc. is an Equal Opportunity Mortgage Broker in California. This licensee is performing acts for which a real estate license is required. Fresh Home Loan, Inc. is licensed by the California Department of Real Estate #02137513 NMLS # 2124104

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