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Doctor Mortgage loans for FICO 700+

Discussion in 'Finance and Investment' started by Dre1207, May 15, 2008.

  1. Dre1207

    Dre1207 Member 7+ Year Member

    Jul 28, 2003
    Hey all,

    My credit score is 703 (middle number)...i know that Bank of America's loan only looks at clients with a FICO above 720...

    Are there any others that will do the loan with a FICO above 700? Basically, i need a lender who will NOT count my student loan debt.

    Please help!
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  3. Pegsie

    Pegsie Junior Member 7+ Year Member

    Jun 2, 2006
  4. DoctorWannaBe

    DoctorWannaBe Senior Member 10+ Year Member

    Nov 16, 2002
    You only need a FICO score of 700 for the Bank of America doctor loan.
  5. mshheaddoc

    mshheaddoc Howdy Moderator Emeritus 15+ Year Member

    Apr 24, 2002
    Wild west of Mistytown
    The only lenders that will NOT count your student loan are those doing young professional loans (not always called physician loans) and then if you do government FHA financing they won't count your student loans. I am unsure of current credit requirements for most loans because your loan isn't just based on your credit. It's based on your downpayment, your total monthly payment, your debt to income ratio, etc. I would inquire to each lender you're interested in as lending requirements are changing daily.


    Jun 13, 2008
    Oakbrook Terrace
    BofA will only do it if you have a 720 and not count student loans if you can provide a letter from your employer stating you have more than 6 months of residency left or a documentation showing you have 12 months or more of being deferred.

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