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Gershman Mortgage Offers Doctor Loan Program

Gershman Mortgage Offers Doctor Loan Program

St. Louis, Missouri – July 12th, 2021 – Gershman Mortgage, a leader in the mortgage industry, just announced a new loan program designed specifically for Medical Professionals. The program offers 100% financing and expanded underwriting requirements for qualified borrowers.

The highly sought-after ‘100% LTV Dr. Loan with no MI’ offers loan amounts up to $750,000, loan-to-value ratios up to 100%, reduced mortgage insurance coverages allowed. In some cases, student loan debt belonging to the borrower with the eligible profession may be excluded from the debt-to-income (DTI) calculation. The new product also includes Adjustable Rate Mortgages such as a 3/6 ARM, 5/6 ARM and 7/6 ARM options. An ARM loan is a loan in which the interest rate may change based upon a pre-determined index. For example, the 3/6 ARM option would indicate that the interest rate is fixed for the initial 3 years on the loan and could fluctuate up or down every 6 months for the remaining loan term. ARM loans are subject to change during the loan term. That change can increase or decrease your monthly payment and interest rate. The Doctor / Physician loan is often meant for professionals new to the medical field. Doctors usually have a larger DTI ratio after medical school and may not be able to provide proof of employment and income if they have just graduated or started their careers. All eligible borrowers may be currently practicing or begin employment within 90 days of loan closing.

Eligible Professional Designations:

  • Medical residents
  • Medical fellows
  • Medical Doctors (MD)
  • Doctors of Dental Surgery (DDS)
  • Doctors of Dental Medicine (DMD)
  • Doctors of Optometry (OD)
  • Doctors of Ophthalmology (MD)
  • Doctors of Podiatric Medicine (DPM)
  • Doctors of Osteopathy (DO)
  • Pharmacists (DC)
  • Chiropractors (DC)
  • Doctors of Veterinarian Medicine (DVM)

For more information on the new loan program or to get in touch with one of our expert loan officers,  please reach out to marketing@gershman.com.

 This is for informational purposes only and not an offer to lend or extend credit. Subject to credit and income approval. Terms and conditions are subject to prior notice.


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NMLS #138063 16253 Swingley Ridge Road Suite 400 Chesterfield, MO 63017 (800) 457-2357 Equal Housing Lender.