Derek McGowan explains a mortgage program for doctors that doesn't count student loans toward debt-to-income ratios and waives PMI with minimum down payment, making it easier for medical professionals to qualify for home loans.
Are you a doctor that just spent years earning your degree and now you're having a difficult time qualifying for the new home of your dreams due to student loan debt? Or if you're currently in medical residency and want to purchase your new home but the student loans have impacted your debt to income ratio. All that hard work should be rewarded and that's what we've set up for you here at McGowan Mortgages. Powered by NextUp we can exclude student loan debt from your debt to income ratio. The good news doesn't stop there. We also will waive your PMI or mortgage insurance. The student loans must be deferred for 12 plus months and you must have a 720 plus credit score. But with that, you're ready to get the home loan of a lifetime. I'm Derek McGowan with the McGowan Mortgage Team. We care about medical professionals, so let us know if this awesome new program could help you and your family.
