Physician Loans
0% Down. No PMI. Built for Doctors.
Physician loans are designed specifically for medical professionals who face unique financial challenges—high student debt, late career starts, and the need to relocate for new positions. Get the home you deserve without the traditional barriers.
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See how much you can afford with 0% down. No credit check required to get started.
Medical Background
Tell us about your medical career
Why Choose a Physician Loan?
Unique benefits designed specifically for medical professionals
0% Down Payment
Purchase a home up to $1M with zero down payment required
No PMI Required
Save hundreds monthly by avoiding private mortgage insurance
Student Loan Flexibility
Favorable DTI calculations that account for deferred student loans
Pre-Employment Approval
Close before your first day with just an employment contract
Up to $2M Financing
Loan amounts up to $2 million for qualified borrowers
Fixed & ARM Options
Choose from fixed-rate or adjustable-rate mortgage options
Who Qualifies?
Physician loans are available to a variety of medical professionals
Medical Doctors
M.D.
Osteopathic Doctors
D.O.
Dentists
D.M.D., D.D.S.
Veterinarians
D.V.M.
Podiatrists
D.P.M.
Doctors of Science
D.S.
Note: Programs may also be available for residents, fellows, and physicians within 10 years of completing residency. Contact us to see if you qualify!
How Physician Loans Work
Higher Debt-to-Income Allowances
Traditional lenders often reject medical professionals due to high student loan debt. Physician loans recognize your earning potential and offer flexible DTI calculations, often using just 0.5% of your student loan balance instead of the full monthly payment.
Contract-Based Approval
Moving to a new city for a position? You can secure financing with just an employment contract—no need to wait for your first paycheck or 2-year work history. Perfect for relocating physicians.
No PMI, Ever
Unlike conventional loans that require PMI when you put down less than 20%, physician loans eliminate this requirement entirely. Save $100-300+ per month compared to traditional financing.
Flexible Loan Amounts
Borrow up to $1 million with 0% down, or up to $2 million with a small down payment (typically 5-10%). Choose between fixed-rate or ARM options to match your financial goals.
Advantages & Considerations
Understanding the full picture helps you make the best decision
Advantages
- Zero down payment on loans up to $1 million
- No PMI throughout the life of the loan
- Flexible student loan debt calculations
- Close with just an employment contract
- Higher debt-to-income ratio allowances
- Competitive interest rates
Considerations
- Limited to medical professionals only
- May have slightly higher rates than conventional loans
- Some lenders require minimum credit score of 700+
- Limited lender availability compared to conventional loans
Frequently Asked Questions
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