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Medical & Dentistry Home Loan Eligibility Program (NEW)

You worked hard to reach the educational goals for your profession, and now you want to buy a home. Education cost for the Medical and Dentistry profession can come with a heavy price-tag, in the form of student loans. This may create issues with most lenders when it comes to qualifying for your new home.

If you are a Dentist or Medical Doctor who is in a medical residency program and/or a medical clinical fellowship, Sierra Pacific Mortgage may be able to help you qualify for a home loan without counting your student debt against you.

How Student Loan Debt affects your Mortgage Qualification

You may think you can handle paying your monthly student loan along with a mortgage payment, but most mortgage lenders would have to disagree.

Today's regulatory environment requires lenders to work within their program guidelines. And it's those program guidelines which stipulate a borrower's minimum qualifications to obtain a home loan. A few examples of what guidelines require, could be: a borrower's minimum credit score, their minimum down payment amount, the type of house (Single Family or Condo), and many others. But one guideline that tends to shut-out many students who carry large amounts of student loan debts are the lender's qualifying ratios.

Sierra Pacific Mortgage's Medical Doctor Program

If you are a Medical Doctor or Dentist in a medical residency program and/or in a medical clinical fellowship, we may be able to help.

How the Program Works

We may be able to exclude your student loan debt, if the student loan lienholder provides us with documentation that the debt is currently in a "deferred" status until the borrower is placed within his/her field and is able to then receive full compensation. Borrowers must also be able to meet the following program criteria:

  • Program can only be used on New Home Purchases or on a No-Cash-Out Home Refinance

  • Loan must be a Fixed-Rate Mortgage Product or can be a 7/1 ARM Product

  • Borrower must have a minimum 720 FICO

  • Home must be occupied as the borrower's primary residence

  • Home must be a Single-Family Residence (Attached or Detached), PUD, Modular Home or Condo

  • Low-Rise & High-Rise Condos are also eligible (provided they meet FHMLC Eligibility)

  • Additional program restrictions may apply. Contact a Sierra Pacific Mortgage Professional for eligibility.


If you would like to know more about SPM's Medical Doctor Program or how to apply, I'm happy to help!

Franco Manueli

Branch Manager & Residential Mortgage Loan Originator

NMLS #332420

2580 St. Rose Pkwy., Suite #230

Henderson, NV 89074

Office: (702) 420-2250

Fax: (855) 689-6691



Some products and services may not be available in all states. Programs, rates, terms, and conditions are subject to change without notice. Subject to verification of borrower qualifications, property evaluations and credit approval. Terms and conditions apply. This is not a commitment to lend and not all borrowers will qualify. Sierra Pacific Mortgage Company, Inc. may not be the lender for all products offered. Some loans may be made by a lender with whom Sierra Pacific Mortgage has a business relationship. Sierra Pacific Mortgage Company, Inc. NMLS #1788. Nevada Commissioner of Mortgage License #3268. Additional license info available at: Equal Housing Lender.

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