PHYSICIAN LOAN MORTGAGES ARE SPECIALIZED TO YOU
Medical professionals have a unique set of challenges on their journey to homeownership. Whether it’s having to move across the country or tackling student loan debt, we understand that you have specific demands that must be taken into consideration when applying for a home loan.
What is a Physician Loan Mortgage?
A Physician loan, often called Doctor Loan, is a special product for medical professionals and it can mean many different things depending on your scenario. In some cases, it may mean we calculate your debt-to-income* ratio (DTI) differently to account for potential student debt you may have accumulated. In other cases, it may provide an opportunity to save you money through low down payment programs or on closing costs.
At Fairway, we understand that no two situations are identical, and our team can examine your unique situation to see which home loan program best fits your needs based on your current and future income, student loans and long-term goals.
*Debt-to-income(DTI) ratio is monthly debt/expenses divided by gross monthly income.