The Clinician Educator Deferred Interest Program (CE-DIP) is a secured nonamortizing mortgage loan. The CE-DIP loan is not part of the required cash down payment. CE-DIP is to be used for a purchase, not to refinance existing mortgage loans. There are no current interest payments. However, Deferred Interest is payable at the time of sale, prepayment, or refinancing.
For more information, download the CE-DIP brochure.