The PHM Doctor Loan

The PHM Doctor Loan

If student loans are preventing you from buying the home you love, the all-new doctor loan program from Prosperity Home Mortgage, LLC may be able to help!

Here are a few features of the program:

  • Loan amounts up to $650,000 with just 3% down
  • Loan amounts up to $850,000 with just 10% down
  • Loan amounts up to $2 million with 20% down
  • Deferred student loans excluded from the borrower’s debt-to-income (DTI) ratio if student loan payments are deferred at least 12 months after the home’s closing date
  • Gift funds may be allowed1
  • Available for purchase and rate/term refinance of primary residences

Contact Us to learn about eligible customers.

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Prosperity Home Mortgage, LLC is a responsible lender and cares about our clients’ long-term financial well being. Carefully consider each of your home financing options to determine the home loan that is right for you. A doctor loan may not be the best mortgage product for all borrowers. Please consult your mortgage consultant to discuss your financing options.

1 Three (3%) percent of the down payment must come from the borrower’s own resources. Remaining funds may come from a gift, FNMA eligible Community Second Program, or an approved gift/grant program.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in Alabama, District of Columbia, Florida, Georgia, Kansas, Maryland, Michigan, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
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