Home Loans for New Doctors and Dentists

Late nights. Long days. Countless patients. You’ve worked hard to earn those two little letters that represent many years of dedication and sacrifice – Dr.

At the end of each shift, wouldn’t it be great to walk through the doors of a new home, sink into a comfy couch and enjoy some much-needed “me” time? If you recently completed your residency or a fellowship, you may think it’s not possible to purchase a home this soon. Fortunately, it is possible.1 And we can help you!

Qualifying for the Doctor Loan

Stearns offers a Doctor Loan that recognizes what you’ve already accomplished – as well as the career you have ahead of you.1 Although typical borrowers are evaluated based on their current income, qualifying physicians can purchase a home before securing their permanent job.

Our Doctor Loan typically allows a higher loan limit and lower down payment than with a conventional mortgage. We also make it easier to qualify by excluding certain student debt2 when calculating your monthly Debt-To-Income (DTI) ratio.

Get Pre-Approved to Kick Start Your Home Shopping

We know that your time is too valuable to waste on protracted negotiating for the home of your dreams. A Stearns Lending pre-approval puts you in a power position when bargaining with the seller. And with our customer-focused culture and on-time closings, you’ll experience an efficient borrowing process.

If you’re considering buying a home and are an MD, DO, DDS or DMD contact us today. We’re looking forward to adding the title of homeowner to your name!

1 Doctor Loans from KBHS Home Loans are for qualifying medical doctors (MD and DO) and dentists (DDS and DMD).
2 Some student loans that are in a period of deferment or forbearance may not “count against” doctor and dentist DTI.

- Dec 19, 2016