In the wide world of home financing, you need a qualified mortgage professional to guide you through the mortgage options that make sense for your finances and goals. The Primex Mortgage Corporation professionals help find financing for clients in Rockville, Bethesda, Gaithersburg, and nearby Maryland. If you are a healthcare provider, you may want to consider our Doctors Only program, which is a specialized mortgage option for certain qualified borrowers. Doctor loans are mortgages with minimal down payments and great interest rates available to select doctors and other providers. To learn more about the Doctors Only program and doctor loans, contact us to schedule a consultation.
Doctor Loan Eligibility
Doctor loans are sometimes also referred to as doctor mortgages or physician loans, although we provide doctor loans for more than just physicians, including:
- Ophthalmologists and other Doctors of Medicine (MD)
- Doctors of Dental Surgery (DDS)
- Doctors of Dental Medicine (DMD)
- Doctors of Osteopathic Medicine (DO)
- Doctors of Pharmacy (RPH)
- Doctors of Veterinary Medicine (DVM)
In addition to holding one of the approved degrees, you should have good or better credit and in good financial standing overall. One of our mortgage professionals can determine quickly if your degree qualifies for the Doctors Only program. In many cases, we can even offer preapproval, so you can begin your search for a home with confidence in financing. With preapproval, your real estate agent or Realtor can carefully curate a list of homes within your price range.
Doctors Only Benefits
Doctor loans aren’t right for everyone, but for those who qualify, they have amazing features, including:
- Discounted interest rates compared with jumbo loans
- Fixed and variable interest rates available
- Minimal down payments (as low as 5%)
- Loans available for high-cost homes (from $453,101 to $2,000,000) with no required private mortgage insurance (PMI) for monthly savings
- Student loans deferred for 12 months are not counted toward your debt-to-income ratio
Explore Doctor Loans Today
When you’re ready to look closely at your home financing options, the professionals at Primex Mortgage Corporation are ready to help. We serve clients in Rockville, Bethesda, Gaithersburg, and surrounding neighborhoods. If you’re a healthcare provider in the area, contact us to learn more about doctor loans and the Doctors Only program.