Doctor Loan up to $1,000,000 with Zero Down Now Available!

Kyle Ernst, President, Stonehaven Mortgage

April 13, 2022

Exciting announcement! Due to increases in home pricing, we have extended our Doctor Loan program’s maximum loan amount of $750,000 to now be $1,000,000 with zero down-payment required! This will allow MDs to qualify for a larger selection of homes and access neighborhoods that were previously out of reach.

Our Doctor program is available to medical doctors who have a minimum of a M.D., D.O., D.D.S., or D.M.D. degree and an employment contract. Medical Doctors including Dentists, Podiatrists, Ophthalmologists, and Veterinarians. This program is NOT available for Chiropractors.

Here are some more details:

  • RESIDENTS - Future income will be used to qualify, when employment is set to start within 6 months Must have signed contract in place
  • Student loans deferred for 12+ months are EXCLUDED from debt to income ratio
  • Property must be Primary Residence
  • Max DTI is 50% (debt to income ratio)
  • Minimum FICO credit score of 700 required for 100% financing 
  • 0% down up to $1,000,000 - NO Mortgage Insurance
  • Only 5% down from $1,000,001 to $1,250,000 - NO Mortgage Insurance
  • Only 10% down from $1,250,001 to $2,000,000 - NO Mortgage Insurance
  • Rate & Term Refinance available- Max loan to value is 100%

*Exceptions can be granted with substantial compensating factors. Call us today for more information!

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*Copyright© 2023 Stonehaven Mortgage Corporation. NMLS #901574. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all dollar amounts. Other restrictions and limitations may apply. Equal Housing Opportunity.