If those requirements match your career goals, loan forgiveness is a great option to, Public Service Loan Forgiveness is a U.S. Department of Education program that erases any federal student loan balance remaining after you make 10 years of payments while working for the government or a nonprofit. opacity: 1 !important;
If those requirements match your career goals, loan forgiveness is a great option to pay off medical school debt. }.form20
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A physician loan is a mortgage for medical doctors that doesn't require private mortgage insurance, or PMI, even with a small or no down payment. }.form20
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Double-check with the forgiveness program to make sure that refinancing wont disqualify you. Often does not include student loan payments in. Medical Doctors (MD), Doctors of Osteopathy (DO), Doctor of Dental Medicine- Dental Surgeons, Orthodontists, General Dentist (DMD/DDS), Doctors of Podiatric Medicine (DPM), -Loan Amounts up to $1,000,000 with 0% Down, -Loan Amounts up to $1,500,000 with 5% Down, -Loan Amounts up to $2,000,000 with 10.01% Down, -The maximum loan to value / total loan to value for borrowers practicing 10 years but less than 15 years is 89.99%, -Close up to 90 days before employment starts, Fully Amortizing 5/6-Month, 7/6-Month and 10/6-Month SOFR ARMs, Primary Residence, 1 Unit Properties, Log Homes (Max 80% LTV), Attached or Detached Properties Warrantable Condos, PUDs, **All loans are subject to credit approval**. Physician loans aim to give new doctors the opportunity to focus on paying off their medical school debt, so they dont require borrowers to pay for PMI at all, even if they made no down payment. Conventional loans (as well as many physician loan programs) typically require you to qualify with a fully amortizing student loan payment. }.form20
DOCTOR PROGRAM FEATURES: -100% financing to max loan of $1,000,000 -95% financing to to max loan of $1,250,000 -90% financing to to max loan of $1,500,000 -85% financing to to max loan of $2,000,000 -No Mortgage Insurance -Ability to close on home within 90 days of employment start date.