doctor mortgages: Mortgages for doctors - 11/04/16 04:42 AM
Doctors can take advantage of special mortgage programs that allow for lower down payments and purchase prices higher than normal conventional limits. These programs are offered to licensed medical doctors and residents, including dentists, optometrists, and pediatricians. While often a standard conventional or Jumbo loan are better options, for many doctors the benefits of this mortgage program can make a difference.
The main benefits are the higher loan amount, lower down payment, and excluding from debt calculations any deferred student loan payments that are deferred for 12 months from the closing date.
Loan amounts up to $650,000 are allowed with a 3% down … (2 comments)

 
Richard Byron  Smith, NMLS #184479, Mortgage Loan Officer (Mortgage Loan Officer, Fairway Independent Mortgage Corporation NMLS #2289)

Richard Byron Smith, NMLS #184479

Mortgage Loan Officer

Chattanooga, TN

More about me…

Mortgage Loan Officer, Fairway Independent Mortgage Corporation NMLS #2289

Address: 2115 Stein Dr, Suite 215, Chattanooga, TN, 37421

Office: (423) 280-0345

Mobile: (423) 280-0345

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