Own Luxury Homes®
OD Mortgage Guide
OD buyers qualify for professional mortgage programs at Flagstar, Frandsen, and other lenders. 0-10% down, no PMI, student debt excluded from DTI. Employed OD at $115K with $150K debt: retail bank ~$405K, professional mortgage ~$593K. Own Luxury Homes® verifies through the 12-Point Agent Integrity Audit™.
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OD Mortgage Guide
$100K–$250K
Optometrist OD income range — employed associates through private practice owners
0–10%
Down payment available to OD buyers at lenders that explicitly include Doctor of Optometry
12
Point Integrity Audit dimensions Own Luxury Homes® verifies before any specialist introduction
$100K–$200K
Average OD student debt — high relative to employed associate starting income
An employed optometrist earns $100K–$140K. A private practice owner clears $150K–$250K+ net. At $115K W-2 with $150K in optometry school debt: retail bank qualifies approximately $405K. Professional mortgage lender that includes OD: approximately $593K. That $188K difference is the professional mortgage’s DTI exclusion working for the OD buyer. Own Luxury Homes® verifies through the 12-Point Agent Integrity Audit™.
Own Luxury Homes® NAMED CONCEPT
Own Luxury Homes® 12-Point Agent Integrity Audit™
The Own Luxury Homes® standard: a specialist whose expertise with medical professional buyers — professional mortgage lender access, student debt DTI strategy, and professional income documentation — is verified through documented transaction history before any introduction.
Own Luxury Homes® Market Intelligence.
OD qualifying by income and employment type
| OD Profile | Salary | With $150K Debt (Std) | With Pro Mortgage |
|---|---|---|---|
| Employed associate (W-2) | $100K–$130K | ~$280K–$430K | ~$515K–$670K |
| Experienced employed OD | $120K–$150K | ~$380K–$505K | ~$618K–$773K |
| Practice owner (self-emp) | $150K–$250K | ~$505K–$905K | ~$773K–$1.29M |
Professional mortgage DTI exclusion: $150K debt at $1,538/month = ~$200K qualifying restoration. Practice owners benefit from depreciation add-backs on optical equipment.
Ryan Brown, Principal Broker & CEO Own Luxury Homes®
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Ryan Brown, Principal Broker & CEO Own Luxury Homes®
"Flagstar lists OD. That’s the answer to the optometrist’s professional mortgage question. The retail bank doesn’t know it. The specialist does."
Related Own Luxury Homes® Buyer Guides
Optometrist Guides: Mortgage Guide — Pro Mortgage — Student Debt — Practice Owner — Agent Guide
Frequently Asked Questions
Which lenders include OD in professional mortgage programs?
Flagstar Bank and Frandsen Bank & Trust explicitly include OD. Always verify current eligibility before applying.
Is OD eligible for a physician loan program?
At lenders that include OD in their eligible list: yes. OD is listed alongside MD, DDS, DVM, PharmD at qualifying lenders. Not all physician mortgage lenders include OD — the eligible list is lender-specific.
"The introduction Own Luxury Homes® makes is to a specialist with documented closing history in your specific market — not the county, not the metro, the submarket you're actually selling or buying in. That's the standard we verify before your name goes anywhere."
— Ryan Brown, Principal Broker & CEO, Own Luxury Homes® (FL License BK3626873)