|
Eligible Borrowers • At least one borrower whose income is being used to qualify must hold one
of the eligible professional designations listed below and possess one of the
specified degrees as a medical professional in active practice.
➢ Medical Doctor (MD)
➢ Doctor of Osteopathy (DO)
➢ Doctor of Dental Science or Surgery (DDS)
➢ Doctor of Dental Medicine (DMD)
➢ Doctor of Ophthalmology (MD or DO)
➢ Doctor of Psychiatry (MD or DO)
➢ Doctor of Pharmacy (PharmD)
➢ Doctor of Veterinary Medicine (VMD)
➢ Doctor of Podiatric Medicine (DPM)
➢ Certified Registered Nurse Anesthetist (CRNA with DNAP or DNP)
➢ Medical residents, fellows, or interns with one of the above degrees
• Non-occupant co-borrowers are eligible; however, non-occupant contributing
income must be less than or equal to 50% of total qualifying income.
Bottom Line
Waiting for a big decline in mortgage rates may not be the best strategy. Instead, options like buydowns, ARMs, or assumable mortgages could make homeownership more affordable right now. Connect with a local lender to explore what works for you.
| 
