Physician Loans
Home loans designed with doctors in mind
What is a physician loan?
Physician Loans are special home loan options for new and established doctors. If you are a medical doctor with an MD, DO, DDS, DVMM, or DMD purchasing a primary residence, you might qualify.
Some benefits of physician loans are:
Fixed and Variable Interest Rates
Ashley's team will help you select the term that is best for you and your financial goals.
Up to 0% Down Payment
With an employment letter and contract from your employer, recent medical school graduates can obtain a mortgage with a little or no down payment.
Expansive Loan Limits
No minimum loan amount and a maximum loan amount of $2M. Some restrictions apply. Contact The Sharpe Mortgage Team for more information on this.
No Mortgage Insurance
In most cases, for down payments below 20%, a borrower must pay PMI on their mortgage. With a physician loan, there is no mortgage insurance needed.
Maximum 50% DTI
Many recent graduates are unable to achieve low DTI due to student loan debt. Physician loans take this into consideration with more relaxed restrictions.
CONTACT
Ashley McKenzie-Sharpe - NMLS #100776
FL# LO61040
GA# 60974
KY# MC414784
NC# I-131870
SC# MLO - 100776
TN# 151387
TX - SML
VA# MLO-30162VA
This is not a commitment to lend. Not all borrowers will meet the requirements to qualify. Rates and terms are subject to change based on market conditions and borrower eligibility. Highlands Residential Mortgage, Ltd is located at 950 W. Bethany Drive Suite 800, Allen, Texas 75013. An Equal Housing Lender. Highlands Residential Mortgage, Ltd. NMLS ID #134871, (www.nmlsconsumeraccess.org) is a Texas limited liability company registered under The Texas Department of Savings and Mortgage Lending Division of Licensing and operates with the following licenses (Not licensed in the state of New York)
*By refinancing your total finance charges may be higher over the life of the loan.