Barker and Hedges Real Estate Blog

Mortgage Loans for Doctors

Special Loan Program for Doctors

There is a new mortgage loan program available for medical physicians (MDs) and even residents and interns!  While most traditional mortgage loan programs require 20% down payment if you want to avoid paying mortgage insurance, this new loan program for qualifying Doctors offers down payments as low as 5% with no mortgage insurance.  In addition, this program offers loan amounts up to $1,000,000 and even as high as $1,500,000 with a 10% down payment.

This is a great new program and here is where you can find more information about the Preferred Doctor Program.