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Preparing for application
What you need to prepare for your Doctor Loan application: the stage of your career matters.
Med School Grad, going into Residency
1: Medical School Diploma
2: Medical School Transcripts
3: Residency Employment Contract
4: Match Letter
5: Previous 2 months bank statements
6: Validation of student loan status (whether in deferment or on payment plan)
7: Additional credit references (such as water bill, phone bill, internet bill - just in case credit not yet established)
Resident/Fellow in training
1: Previous one to two year's tax returns and W-2s
2: Most recent pay stubs - 30 day history
3: Medical School Diploma
4: Residency Employment Contract
5: Previous 2 months bank statements
6: Validation of student loan status (whether in deferment or on payment plan)
7: Additional credit references (such as water bill, phone bill, internet bill - just in case credit not yet established)
Graduating Resident starting 1st Attending Job
1: Previous two year's tax returns and W-2s
2: Medical School Diploma
3: Training Certificates (Internship, Residency, Fellowship)
4: Employment Contract to new job
5: Medical License: many in this unique stage of their careers are
6: Validation of student loan payment (payment will be required if you don't qualify on standard loan repayment plans)
7: Previous 2 months bank statements
Attending Physicians
1: Previous two year's tax returns and W-2s
2: Medical School Diploma
3: Training Certificates (Internship, Residency, Fellowship)
4: Medical License
6: Previous 2 months bank statements
7: Curriculum Vitae (CV) - some lenders have regulations where your Attending Practice time may effect your qualifications and down payment. The CV allows you peace of mind to get these questions answered up front
Veteran Physicians
1: Previous two year's tax returns and W-2s
2: Medical School Diploma
3: Training Certificates (Internship, Residency, Fellowship)
4: Medical License
6: Previous 2 months bank statements
7: be prepared to make a larger down payment. This will likely put you in a stronger postion to get a better rate.
Questions?
Ask your Doctor Loan Specialist. If you have questions for us then please send us an email at info@shopdoctorloans.com