Medical professionals have enough to think about in their day-to-day patient care. That’s why Emerald Home Loans developed an exclusive home loan for medical professionals which simplifies the mortgage process and offers up to 100% financing.
The Doctor Loan is a tailored home loan to meet the needs of doctors looking to purchase a home. These loans offer low to no down payment options, no mortgage insurance and require a minimum credit score of 680.
The Doctor Loan is available to Doctor of Medicine, Doctor of Osteopathic Medicine, Doctor of Podiatric Medicine, and Doctor of Occupational Medicine Service in New York*, New Jersey*, Connecticut and Florida.
Loan amounts up to $2.5 million*
Min loan amount $500K
Low to no down payment options (Max LTV up to 100%)
Adjustable-Rate Mortgage (ARM) options available (3/5/7/10) & 30-Year Fixed Rate Mortgages Available
No Mortgage Insurance
Available for Primary Residence, Purchase and Rate & Term Refinances
Available in: NY*, NJ*, CT & FL
680 Minimum Credit Score
Single Family, Condo & Co-Op Only. No 2-4 Family Homes
43% max DTI (student loans counted as actual documented payment or 1% of balance)
*Loans above $2MM require 18 months PITI reserve. No reserve $2MM or below.
*NY Counties include Bronx, Brooklyn, Manhattan, Queens, Staten Island, Westchester, Suffolk, Nassau, Rockland; NJ Counties include Bergen, Essex, Hudson, Monmouth, Morris, Ocean, Union
Eligibility requirements, exclusions and other terms and conditions apply.
If you are a M.D, D.O, D.P.M, or O.M.S, please contact Emerald Home Loans to discuss this loan offer and to see if you qualify. 833-345-1234.