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Updated over 4 years ago on . Most recent reply

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51
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Alexander Timberlake
  • Houston, TX
8
Votes |
51
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Physician Loan Question

Alexander Timberlake
  • Houston, TX
Posted

I have a quick question for you regarding physician loans.

My girlfriend is an MD at Texas Children's in Houston in her 2nd year of residency.

She is considering buying a house (400k-500k). We are also considering putting both our names on the house as I have the better credit score and much larger income (presently).

Questions:

  • 1. Roughly how much higher are the interest rates on a 30-year fixed mortgage (physician vs regular)?... I've read it could be about 0.5%? (e.g. 2.75% vs 3.25% in today's environment)
  • 2.Would we still be able to take advantage of a Physician Loan if we were jointly on the deed/note? Any complications?
  • 3. What is the maximum debt/income ratio allowed for Physician Loans (I've read a normal loan is 0.43 but I'm not certain if this is different for physician loans)

Most Popular Reply

User Stats

369
Posts
406
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Doug Pintarch
  • Rental Property Investor
  • Harrisburg, PA
406
Votes |
369
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Doug Pintarch
  • Rental Property Investor
  • Harrisburg, PA
Replied

Alexander - 

Go to whitecoatinvestor.com

All doctors and their forums.

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