| Physician loans or doctor loans are special loan | | | | available in all physician loans. Apart from the benefits |
| programs that offer a number of benefits and | | | | mentioned above, doctor loans also offer doctors |
| advantages to doctors only. These programs aim to | | | | additional benefits like cashier checks, free checking |
| aid the doctors who spend a considerable amount of | | | | accounts, free loan and debt management consultation |
| money and years in college and education to become | | | | etc. |
| physicians and serve the society. As most physicians | | | | Loans for physicians come in both the standard 15 and |
| spend the early years of their life paying off student | | | | 30 years fixed rates package and the 3/1, 5/1 and 7/1 |
| loans, these physician loans can be the only option for | | | | loans adjustable rates and 30 year repayment period. |
| financing cars and houses. | | | | Physician loans also do not require private mortgage |
| Doctor loans are mainly available to Doctors of | | | | insurances on home loans and provide special |
| Optometry (OD), Doctors of Ophthalmology (MD), | | | | underwriting services as well. |
| Doctors of Podiatric Medicine (DPM), Doctor of | | | | If you are looking for doctor loans then you can search |
| Osteopathy (DO), Doctors of Dental Science (DDS) | | | | online for the best deals. Physician Loans is a well |
| and Doctors of Dental Medicine (DMD). Some | | | | know lender who offer their services online and over |
| physician loan programs include residents and medical | | | | the phone as well. Their physician loans extend to |
| students in these programs as well. | | | | students and residents as well. |
| Compared to generic loan programs, under the | | | | The there is the "Physician Lender" program from |
| Physician loans, doctors can avail perks like - | | | | Carteret Mortgage which also offer loans to students |
| 100% financing | | | | and residents along with full fledged doctors. |
| Zero down payment | | | | An internet search will probably lead you to Doctor |
| Waved loan insurance | | | | Loan USA as well. They have stricter requirements |
| Option for adjustable rates | | | | and only offer loans to doctors who are US residents |
| Low EMI | | | | or citizens and have the letters DDS, MD, OD, DMD, |
| Low credit score requirement | | | | DO and DPM after their name. They also require a |
| The offers and benefits differ from lender to lender | | | | minimum FICO score of 720 and don't offer refinancing |
| and even state to state. Most loan funding for | | | | option on their physician loans. However, they have |
| physicians are for mortgages and homes. Physician | | | | excellent reputation. |
| home loans can offer up to $750000 easily and that | | | | Among other lenders offering loans, the well known |
| also on 100% financing. Considering most established | | | | names are Allied Home Mortgage, |
| doctors in US earn close to $45,000 a year, the low | | | | LoansForDoctorsHome.com, SunTrust, |
| EMI and waved mortgage insurance make it a easier | | | | MedLending.com, Gulfside mortgage service, Realty |
| loan to bear while paying off student loans. | | | | First, etc. Each of these lenders have specialized |
| Many loans for physician are only available to doctors | | | | physician loan packages and one might just fit your |
| and that also US citizens. Credit score requirement is | | | | requirements. |
| generally 720 or above. Re-financing options are not | | | | |