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Minneapolis, MN: Cambria Mortgage is proud to offer specialized programs for doctors. Our Physician loans, commonly called Doctor Loans, are available to Medical Doctors, Podiatrists, Ophthalmologists, and Veterinarians. Sorry, not available for Chiropractors.
These specialized loans are meant primarily for newer medical professionals, and come with expanded guidelines that allow these medical professionals to buy homes today, generally before they would normally be able to.
A common new doctor problem is high debt-to-income ratios because of student loans, combined with just graduating or starting their residency. Even with these common early in their career problems, these fields generally have high income potential, and very low default rates, making some lenders, including Cambria Mortgage, more willing to lend.
There are many different variables on how doctor loans work, so it is generally best to start by completing an online application, then letting our experienced licensed Loan Officers review it with you to zero in on what options are best for you.
Some of the biggest benefits of Doctor loans include:
While doctor loans have many added benefits, they do have many of the normal loan qualification guidelines, including:
Maybe. The most common comment I hear from client's asking about this type of loan has to do with buying that bigger nicer home today, before home prices go up, knowing income will increase soon.
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Joe@JoeMetzler.com
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Cambria Mortgage
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Joe Metzler Loan Officer
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Equal Housing Lender. The Joe Metzler Team at Cambria Mortgage lends in Minnesota, Wisconsin, Iowa, North Dakota, South Dakota, Colorado, and Florida only. This is not an offer to lend or to extend credit, nor is this a guaranty of loan approval or commitment to lend. Information here can become out of date, and may no longer be accurate. Products and interest rates are subject to change at any time due to changing market conditions. Not all programs available in all states. Actual rates available to you may vary based upon a number of factors. Consumers must independently verify the accuracy and currency of available mortgage programs. All loan approvals are subject to the borrower(s) satisfying all underwriting guidelines and loan approval conditions and providing an acceptable property, appraisal and title report. Joe Metzler, NMLS 274132, Cambria Mortgage NMLS 322798. © 1998 - 2024.