The Lowdown on Physician Loans…

Physician Loans

Special Mortgage Programs for Doctors and Medical Professionals

Physician mortgage loans are specialized home financing designed for medical professionals who have unique financial situations - high student debt, limited savings early in their careers, but strong earning potential. These loans recognize that traditional mortgage guidelines don't always fit doctors, dentists, and other healthcare providers.

Unlike conventional mortgages, physician loans allow you to put as little as 0-10% down without paying private mortgage insurance (PMI). They also exclude or reduce the impact of student loan debt in qualification calculations, and many programs accept an employment contract as proof of income - perfect for residents starting a new position.

Whether you're a resident buying your first home, an attending physician upgrading, or a medical professional relocating for a new opportunity, physician loans provide the flexibility your career demands.

Key Benefits:

  • No PMI even with 0-10% down payment
  • Student loan debt excluded or reduced in DTI calculations
  • Employment contract accepted as income verification
  • Higher loan limits than conventional financing
  • Available to residents, fellows, and practicing physicians

The Physician Loan Process

Here's how the physician loan process works:

  1. Verify eligibility based on your medical degree and licensure status
  2. Get pre-approved using employment contract or current income documentation
  3. Find your home and complete the full application with physician-specific underwriting
  4. Close with no PMI and start building equity in your new home
I Want My No-Cost Physician Loan Quote

Your Home Loan Could Be Fully Funded 30 Days From Now

  • Fixed-Rate Mortgage

    Fixed-Rate
    Mortgage

  • Adjustable Rates (ARM)

    Adjustable Rates
    (ARM)

  • Conforming Loans

    Conforming
    Loans

  • Jumbo & Super Jumbo Loans

    Jumbo & Super
    Jumbo Loans

  • FHA, VA, & USDA Loans

    FHA, VA, &
    USDA Loans

  • Terms from 5 to 30 Years

    Terms from
    5 to 30 Years

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Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:

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