Doctor Loan
Doctor Loans
The Doctor Loan, exclusively for medical professionals like you, makes homeownership easier. We understand that achieving your dream career in caregiving may have come with a significant student loan burden. This home loan option was designed for your unique needs so you can invest in your financial future with confidence.
Benefits
- Financing Available up to $1.5 Million
- Low Down Payment
- Adjustable Rate Options Available
- Contributions From Interested Third Parties
Eligible Borrowers
- Clinical Nurse Specialist (CNS)
- Doctor of Dental Medicine or Surgeon (DMD)
- Doctor of Dental Surgery (DDS)
- Doctor of Medicine (MD)
- Doctor of Ophthalmology (MD)
- Doctor of Optometry (OD)
- Doctor of Osteopathic Medicine (DO)
- Doctor of Pharmacy (PharmD)
- Doctor of Podiatric Medicine (DPM)
- Doctor of Veterinary Medicine (DVM)
- Medical Resident with Educational License
- Nurse Anesthetist (CRNA)
- Nurse Practitioner (NP)
- Physician Assistant (PA)
- Registered Nurse (RN)
*Primary residence only. Purchase and rate/term refinance of 1-unit property, warrantable condo and PUD.
*At least one occupying borrower must hold a valid license within one of the eligible professional fields and meet all of the following requirements: Borrower must be within the last 10 years of the start of their profession. For medical doctors, the borrower must be an active medical resident (Generally residency is completed within 3-5 years and up to 7 years for specialty fields) or be within the first 10 years of the start of their profession. The 10 year time period is measured from the completion date of their residency. Borrower must be actively engaged in the eligible profession. All borrower(s) may only have one outstanding professional or doctor loan with Flagstar Bank at any given time. All borrower(s) may have no other second homes or investment properties financed with Flagstar Bank at time of closing. Total number of financed properties held by all borrowers cannot exceed four.
Mortgage Lending Simplified
Download the free RWM Home Loans Fluid Mobile App today and get started on your journey to homeownership.