Physician / Doctor Loan

Physician loans, in plain English

Built for the way doctors actually start out: a low down payment, no monthly mortgage insurance, and student debt read with some nuance, so your career can count before your savings catch up.

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Program snapshot

Who it's forDoctors, dentists & residents

Mortgage insuranceTypically none (no PMI)

Student debtCounted more flexibly

Eligibility and terms vary by lender, we'll match you to the physician product with the best fit and execution.

Is this you?

Where it fits, and where to look twice

A strong fit when…

You're a physician, dentist, or other eligible medical professional early in a high-earning career, and your savings haven't caught up to your income yet.
Student debt makes a standard debt-to-income calculation tighter than your real financial picture deserves.
You're a resident or fellow with a signed contract and want to buy before the attending paycheck starts.

Worth weighing…

A physician loan can carry a slightly higher rate than a comparable conventional loan, we'll put the long-run cost side by side.
Some lenders limit property types, these are generally for a primary residence, and condos or investment properties may be restricted.
If you already have a strong down payment and manageable debt, a conventional loan may simply cost less. We'll tell you if that's you.

How it works

The shape of the loan

Built around a doctor's earning curve

Physician programs can read a signed employment contract or match letter as income, so residents and new attendings qualify on where their career is going, not just last year's tax return.

Low down payment, usually without PMI

The headline benefit is keeping more cash in your pocket up front while avoiding the monthly mortgage insurance a low-down conventional loan would carry. We place your file with the lender offering the best physician execution.

Student debt, handled with nuance

Many programs treat deferred or income-driven student loans more flexibly than a standard conventional calculation, which can be the difference between qualifying and not.

What you'll bring

The paperwork, demystified

Employment contract or offer letter

Match letter (residents & fellows)

Medical license or proof of degree

Recent pay stubs, if practicing

Two months of bank statements

Details on student loans & other debts

A starting list, not a final one, every file is a little different, and we'll tell you exactly what yours needs.

Common questions

Answered straight

Who qualifies as a "physician" for these loans?+

Most programs cover MDs and DOs, and many extend to dentists (DDS or DMD). Some also include other doctorate-level medical professionals such as veterinarians, podiatrists, pharmacists, or nurse anesthetists. The exact list is set by each lender, so we check your degree against the programs we have access to.

Can residents and fellows use a physician loan?+

Often, yes. A signed employment contract or match letter can stand in for income before your first attending paycheck arrives. We confirm the timing each lender allows so your closing lines up with your start date.

Do physician loans really avoid monthly mortgage insurance?+

Most physician programs are structured without monthly PMI even when the down payment is small, which is a big part of their appeal. We'll always show you the full monthly picture so the comparison is honest.

Is a physician loan always the best choice?+

No. If you have a sizable down payment and clean debt, a conventional loan can cost less over time. The honest answer comes from comparing both against your real numbers, which is exactly what we do.

Get started

Let's see if a physician loan fits your timeline.

One conversation tells us whether this is your best move, or whether a conventional loan fits better. No pressure either way.

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See if this fits

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