Bank of America announced it is launching a new loan program for medical professionals
The Doctor Loan from Bank of America is for licensed, practicing physicians or residents, dentists or other eligible medical professionals. It features a range of fixed and adjustable rate loans and offers significant advantages including:
- As little as 5% down on mortgages up to $850,000
- Employment start date up to 60 days after closing
- Student loan debt excluded from total debt calculation
Bank of America joins SunTrust in targeting this segment (see below).
The Doctor Loan Program is a residential mortgage loan developed specifically for Licensed Residents/Interns/Fellows and Licensed doctor...