How do lenders view medical student loan debt? Student loan debt coming out of medical school could take many years to payoff. Lenders recognize this fact, and have come up with programs to help doctors qualify for mortgages without regard to this debt.

Lenders know it may take several years for doctors to reach their full earnings potential. As a result, they are willing to work with new doctors to qualify them for higher loan amounts in expectation of these increased earnings.

If you are a doctor who just completed a residency program or a medical clinical fellowship program, and your student loans are in deferment or forbearance, lenders may exclude your student loan payment in the debt-to-income ratio, thereby allowing you to qualify for a higher priced home.

Contact Counsel Mortgage Group and we can help you figure out what you can qualify for.

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