Medical and Dental Professionals. This new program allows professionals from the Medical and Dental fields to obtain home loan financing with as little as 0-3% down payment.
The program gives Medical and Dental Professionals the ability to obtain financing up to 90 days before the contracted start date of a new job. The program also allows for exemptions on student loan debt, helping more to qualify.
Borrowers who are currently practicing (or who will begin practicing within 90 days of closing) in one of the eligible professions below and meet all program requirements are eligible:
- Medical resident
- Medical fellow
- Medical doctor (MD)
- Doctor of Dental Surgery (DDS)
- Doctor of Dental Medicine (DMD)
- Doctor of Optometry (OD)
- Doctor of Ophthalmology (MD)
- Doctor of Podiatric Medicine (DPM)
- Doctor of Osteopathy (DO)
- Pharmacist (RPh)*
- Chiropractor (DC)**
- Doctor of Veterinarian Medicine (DVM)
* A pharmacist must have a PharmD to be eligible for LTVs > 97%.
** Chiropractors are ineligible for LTVs > 97%.