Doctors, dentists, and many others who go into the medical field often graduate with high amounts of student loan debt that they have to begin paying back after six months of graduation. While they may not be making a large amount of money immediately following graduation and have a large amount of debt, they are also very likely to earn a high salary as they advance in their careers.
This is why a number of mortgage companies offer what is commonly called a physician loan. This type of mortgage is aimed at those who may not be earning a large amount of money when they apply, so lenders usually require a fairly small down payment or even no down payment at all. They also often do not require