Home Loans for Residents and New Attendings
Yes, residents and new attendings can buy a home, and fast. We can close in as little as 30 days, subject to credit approval and program terms. With our physician loan you can put as little as 10% down on loans up to $1M. Student loans count at 1% of the total owed, or the actual payment if it shows on your credit report. You need a 600+ FICO. All subject to credit approval and program terms.
How fast can a resident or new attending close?
We can close in as little as 30 days, subject to credit approval and program terms.
Can I buy a home during residency?
Yes, if you qualify. As little as 10% down on loans up to $1M, subject to credit approval and program terms.
How much do I need down?
As little as 10% down on loans up to $1M, subject to credit approval and program terms.
How are my student loans counted?
At 1% of the total owed, or the actual payment if it shows on your credit report, subject to credit approval and program terms.
Can I buy before my attending job starts?
You can close up to 90 days before your start date, subject to credit approval and program terms.
What credit score do I need?
600+ FICO, subject to credit approval and program terms.
Frequently asked questions
How fast can I close on a physician loan?
We can close in as little as 30 days, subject to credit approval and program terms. Your timing depends on your file, the appraisal and the contract. Get your documents together early and book a call so we can plan around your move and your start date.
Can a resident get a mortgage?
Yes, absolutely. Residents can qualify for our physician loan with as little as 10% down on loans up to $1M, subject to credit approval and program terms. Your training salary and your future can both work for you. Book a call and we'll look at your numbers together.
How much down payment does a new attending need?
10% down on loans up to $1M, subject to credit approval and program terms. That leaves more cash for the move, furniture and a cushion while your first paychecks start. Book a call and I'll walk you through what it looks like for your file.
How are student loans counted for a physician loan?
We count student loans at 1% of the total owed, or the actual payment if it shows on your credit report, subject to credit approval and program terms. For a lot of doctors, that's what makes the numbers work. Bring your loan statements and we'll run it together.
Can I close before my start date?
Yes. You can close up to 90 days early, before your start date, subject to credit approval and program terms. Move in and settle before your first day instead of scrambling after it. Book a call early so the timing lines up with your move.
What credit score do I need?
A 600+ FICO, subject to credit approval and program terms. Not sure where you stand? Rosie doesn't pull your credit, so the 90-second check is a safe first step. Then book a call and we'll go through the rest of your file.
Can I buy in a different state from where I trained?
Yes. I serve physicians in all 50 states, so you can buy where your new job is, subject to credit approval and program terms. Book a call once you know where you're headed and we'll plan the timing around your start date.