Doctor Loans now serve more medical professionals
Edge Home Finance has game-changing news. UWM has expanded its Doctor Loan program, and it is no longer just for physicians.
Exclusive home financing benefits now cover registered nurses, nurse practitioners, physician assistants, clinical nurse specialists, chiropractors and other eligible medical professionals.
Depending on your professional designation and the program, you may qualify for up to 100% financing with no mortgage insurance on an eligible primary residence. UWM’s expanded option for registered nurses, clinical nurse specialists, chiropractors and other qualifying professionals offers up to 97% financing for eligible primary residences and second homes, with no mortgage insurance.
That means qualified borrowers can purchase a primary residence or an eligible second home with low-to-no down payments, depending on the program and property use. UWM also offers flexible student loan guidelines, with debt-to-income ratios up to 50% on eligible programs. Certain deferred or forborne student loan payments may be excluded for qualifying residents and fellows.
Whether you are a resident, a specialized surgeon or a registered nurse, you deserve an easier path to homeownership. The expanded UWM Doctor Loan program may be exactly what you are looking for.
Financing limits, credit requirements, student loan treatment and permitted debt-to-income ratios depend on the selected program and underwriting approval. Review UWM’s expanded Doctor Loan options or contact Michael to discuss your eligibility.
What to know
Certain programs offer tailored terms to eligible physicians and other medical professionals. Eligibility, qualifying income and available benefits differ by lender.
Start with a conversation
Tell me where the property is, how you plan to use it and what you want the loan to accomplish. I can help you understand which details lenders will review and compare available paths.
What is a Doctor Loan?
Doctor loans are lender programs for eligible medical professionals. Terms vary, so compare the full payment and costs.