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The Doctor Loan
As a medical professional, you have enough to think about in your day-to-day patient care. That’s why Emerald Home Loans has developed an exclusive home loan offer for you that simplifies the mortgage process and offers you up to 100% financing.
Program Features & Benefits:
- Loan amounts up to $2.5 million*
Min loan amount $500K
Low to no down payment options (Max LTV up to 100%)
Adjustable-Rate Mortgage (ARM) options (3/5/7/10) & 30-Year Fixed Rate Mortgages Available
No Mortgage Insurance
Available for Primary Residence, Purchase and Rate & Term Refinances
Available in: NY*, NJ*, CT & FL
Eligible Borrowers:
- Doctor of Medicine (MD)
Doctor of Osteopathic Medicine (DO)
Doctor of Podiatric Medicine (DPM)
Doctor of Occupational Medical Service (OMS)
Eligibility Requirements:
- 680 Minimum Credit Score
- Single Family, Condo & Co-Op Only. No 2-4 Family Homes
- 43% max DTI (student loans counted as actual documented payment or 1% of balance)
- *Loans above $2MM require 18 months PITI reserve. No reserve $2MM or below.
- *NY Counties include Bronx, Brooklyn, Manhattan, Queens, Staten Island, Westchester, Suffolk, Nassau, Rockland; NJ Counties include Bergen, Essex, Hudson, Monmouth, Morris, Ocean, Union
Eligibility requirements, exclusions and other terms and conditions apply.
