Standard Mortgage Blog

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..

Conventional mortgages and physician mortgage loans are both ways to finance a home, but they evaluate borrowers differently. Conventional loan programs follow standard qualification guidelines for income, debt, employment, and down payments. Physician mortgage loans are designed for doctors and other eligible medical professionals whose student loan, limited savings, or upcoming employment may..

After years of medical school, residency, or fellowship, many Louisiana physicians assume their student loan balances will make it difficult to buy a home. While debt to income ratios are an important factor in the loan underwriting process, medical student loans do not automatically prevent you from qualifying for financing.