Homestead Funding Corp.

Homestead’s Doctor Loan Program is “Just what the doctor ordered!” We take care of your home financing so you can take care of others. Our Doctors+ Loan is designed specifically to meet the unique financial needs of medical heroes like you! Often times medical professionals incur a significant amount of student loan debt which can make it difficult to qualify for traditional home financing. This program can help with these challenges.*

Loan Officers

Sherri Forbes (NMLS #589663)

STATES:  NY
EMAIL:  [email protected]
PHONE:  585-733-3889

Terms

  • Finance up to $1.5 million
  • Down payment as low as 0% (call loan officer for details)
  • No PMI
  • 1-4 unit primary residences and warrantable condos
  • Numerous medical professions are eligible**
  • Minimum Credit Score 620***
  • ARM & Fixed rate options available
  • Available for Purchase and Rate/Term Refi

Professions

MD, DO, DDS, DMD, Resident, Fellows, DVM, DC, OD, DPM, Pharmacist, Attorney

Strengths

  • Student Loan Debt can be excluded from qualification when deferred until after closing.
  • Non Occupying Co-Signer Allowed.  Have a Family Member Co-Sign on your Mortgage
  • Rental Income may be used in qualifying
  • Sellers Concessions Allowed

Other Available Products and Programs

  • One Close Construction Financing
  • One Close home renovation Financing
  • Vacation / 2 nd home Financing
  •  Investment Property Financing
  • Closing Guarantee Program

Disclaimer

Company NMLS# 3232. Information effective 1/19/24. Certain restrictions apply. The program is not available in all states per product guidelines, contact your Loan Originator for details. Guidelines and product availability are subject to change. Primary residence only. Purchase and Rate/Term refinance only. * Max. DTI= 45% Student loan excluded with documentation. **At least one occupying borrower must hold a valid license and be actively engaged within one of the eligible professional fields. *** Minimum of 3 trade lines for 12 months.