Standard Mortgage Blog

 This blog was originally published in October 2024 and has been updated for accuracy and relevance. 

Yes, qualified medical professionals may be able to buy a home in Louisiana before their first day on the job. A doctor mortgage loan allows eligible borrowers to use a signed employment contract, rather than waiting for current pay stubs, to begin the mortgage approval process.

No, shopping for a home loan will not hurt your credit score, as long as you cluster your applications within a 14-to-45-day window. Credit scoring models recognize that you are shopping for a single loan, so they group multiple mortgage inquiries together and treat them as a single event. This keeps your score from taking a major, lasting dip (typically under 5 points) for every lender you..