Every year 16,000 new doctors graduate from medical school and about the same number graduate from residency. Often these people have little money, have vast sums of future earnings potential but they will have a difficult time qualifying for a home loan. They usually haven’t even started their new job yet but are looking to buy a home in a new city. The same can often be said of established doctors as they are still paying off student loans and/or are investing in their practice with few options to secure a home mortgage.
If you are eligible, there is a solution: the Doctor Loan Program by Suntrust Mortgage.