If you’re a physician, dentist, or other eligible medical professional buying a home in New Hampshire, a conventional mortgage often doesn’t reflect your real financial picture. New attendings and residents typically have strong future income, but a thin credit file, a job that hasn’t started yet, or student loan balances that make traditional lenders nervous.

DrLoansNH was built specifically to solve that. It’s a physician home loan program available to New Hampshire borrowers, designed around how medical careers actually unfold — from residency through your first years in practice.

Who Qualifies

Eligible borrowers generally include:

• Medical Doctors (MD) and Doctors of Osteopathy (DO)
• Dentists (DDS/DMD)
• Pharmacists (PharmD)
• Veterinarians (DVM/VMD)
• Podiatrists (DPM)
• Certified Registered Nurse Anesthetists (CRNA with DNAP or DNP)
• Medical residents, fellows, and interns holding one of the degrees above

You don’t need to already be practicing. Borrowers currently in residency or a clinical fellowship can qualify using their current training income, and borrowers with a fully executed offer letter can often qualify using that future income — as long as the start date falls within about 150 days of closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More.

Credit, Down Payment & Loan Amounts

A minimum of one credit score of 680 or higher is required. Because this program is manually underwritten loan-by-loan, a single tradeline that’s been open and reporting for at least 24 months can satisfy the credit history requirement — and non-traditional credit (rent, utilities, phone, insurance payments) can help fill in a thin file.

Financing is available up to 100% of the purchase price on qualifying loan amounts, so a down payment isn’t always necessary. The exact amount needed depends on your credit score, loan amount, and the property itself. Loan amounts are available up to $2,000,000 on a primary residence.

How Your Income Is Documented

Offer letter or new employment contract: A fully executed offer letter or employment contract — signed by all parties, specifying position, start date, and salary — can qualify a borrower whose job hasn’t started yet. The letter can generally only include standard contingencies, such as obtaining a medical license or completing a background check.

1099 or contract physicians: An executed contract specifying a guaranteed rate of pay and number of hours is generally required, along with confirmation that you aren’t responsible for unreimbursed business expenses, and a start date within about 60 days of closingClosing is the meeting — typically in person — where all parties sign the final loan and property paperwork and the transaction becomes official. It’s the last step in the process, the point where months of paperwork, verification, and waiting turn into... More.

Self-employed physicians (generally defined as owning 25% or more of a practice) are evaluated using standard self-employment documentation, similar to conventional guidelines, with a minimum income history of around 12 months.

Student Loans & Debt-to-Income

For borrowers currently in medical residency or a clinical fellowship program, student loan payments that are deferred, in forbearance, or reporting as $0 under an income-based repayment plan may be excluded from your debt-to-income (DTI) ratio entirely — as long as you’re qualifying using your current training income. Once you’re out of residency and your loans are in active repayment, a monthly payment is generally counted.

Maximum DTI varies by loan-to-value: commonly up to 50% at higher LTVs, and up to around 45% on adjustable-rate and 15-year fixed products.

Reserves, Property Types & Transaction Details

Reserves scale with loan amount and loan-to-value. On smaller, lower-LTV loans, no reserves may be required at all; larger or higher-LTV loans commonly require three to six months of reserves. Gift funds and, in many cases, business funds may be used to help satisfy this requirement.

Eligible properties are owner-occupied, single-unit primary residences — including modular homes, warrantable condominiums, and properties in planned unit developments, generally up to about 40 acres. Investment properties, second homes, and certain specialty property types are not eligible.

Refinancing is available on a rate-and-term basis only; cash-out refinancing is not available under this program.

Non-occupant co-borrowers, such as a spouse or partner, can generally be added to help with qualifying, as long as their income doesn’t make up more than half of the income used to qualify.

Renee Duval, NMLS #97967 — Bookend Lending LLC, NMLS #2557411. Licensed Mortgage Broker, State of New Hampshire. Equal Housing Opportunity. This is general educational information about a physician loan program available to New Hampshire borrowers and is not a commitment to lend, an advertisement for specific credit terms, or a complete statement of program guidelines. Program guidelines and availability are subject to change and subject to borrower and property qualification. Not all applicants or properties will qualify.