Physician Mortgage Loans

Home Financing Built for Medical Professionals. Zero down payment. No PMI. Student loans won't hold you back.

Find Your Lender

Physician Mortgage Loans

Home Financing Built for Medical Professionals. Zero down payment. No PMI. Student loans won't hold you back.

Find Your Lender

Physician Mortgage Loans

Home Financing Built for Medical Professionals. Zero down payment. No PMI. Student loans won't hold you back.

Find Your Lender

Mixed of group of doctors, standing and smiling at the camera.
Mixed of group of doctors, standing and smiling at the camera.
Mixed of group of doctors, standing and smiling at the camera.

Find a Physician Mortgage Loan in your State.

Physician loan availability varies by state. Select your state to view lenders and banker contacts.

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Your path to homeownership starts here.

You've dedicated years to caring for patients. Now it's time to find a home that cares for you. Physician mortgage loans are specifically designed for medical professionals like you—offering flexible options that traditional mortgages can't match.

Female Vet reviewing chart of a dog that is being held by its owner.
Female Vet reviewing chart of a dog that is being held by its owner.
Female Vet reviewing chart of a dog that is being held by its owner.

Zero to Low Down Payment Options

Become a homeowner with as little as 0-5% down on loans up to $1 million or more, depending on the lender and location. Put your cash toward student loans, moving costs, or building your emergency fund instead.

Available to Medical Professionals Nationwide

Eligible professionals include physicians (MD, DO), dentists (DDS, DMD), veterinarians (DVM), podiatrists (DPM), and select advanced practice providers. Residents, fellows, and newly attending physicians all qualify—even with a future-dated employment contract.

No Private Mortgage Insurance (PMI)

Save thousands annually by eliminating PMI, even with zero down payment. On a $500,000 loan, that's $4,000-$6,000 per year back in your pocket.

Contract-Based Approval

Close on your home before starting your attending position. Your signed employment contract serves as income verification—no need to wait for paystubs.

FAQs

FAQs

FAQs

A Few Common Questions About Physician Mortgage Loans.

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Can residents or fellows qualify before starting a new job?

Yes—often. Many physician mortgage lenders can use a signed employment contract (future income) to qualify you, as long as closing lines up with the lender’s contract rules. This is one of the biggest reasons physician mortgages exist: they’re built for medical transitions.

How do student loans affect approval?

Student loans matter, but physician mortgages often treat them more fairly than standard underwriting—especially for doctors with strong income potential. Each lender has its own approach (and documentation requirements), so the key is having a lender who regularly works with physician borrowers and knows how to structure the file correctly.

Are physician mortgage rates higher than conventional rates?

Sometimes they can be slightly higher, but not always. The better way to evaluate it is total cost and strategy: down payment flexibility, reduced PMI, faster approval with medical contracts, and preserving cash reserves can outweigh a small rate difference. Rate matters—but it’s not the only lever.

Can I use a physician mortgage for investment properties or a second home?

Typically, physician mortgage programs are designed for primary residences. Some lenders may have niche options, but in most cases the program is meant to help you buy the home you’ll live in—especially during relocation or a career transition.

What are the biggest mistakes physicians make with physician mortgages?

• Picking a lender who “offers it” but doesn’t specialize in it (execution matters). • Focusing only on rate and ignoring cash-to-close, reserves, and total monthly cost. • Not aligning the loan timeline with credentialing, start dates, and relocation logistics. • Assuming all physician mortgages are the same—terms vary widely by lender.

Can residents or fellows qualify before starting a new job?

Yes—often. Many physician mortgage lenders can use a signed employment contract (future income) to qualify you, as long as closing lines up with the lender’s contract rules. This is one of the biggest reasons physician mortgages exist: they’re built for medical transitions.

How do student loans affect approval?

Student loans matter, but physician mortgages often treat them more fairly than standard underwriting—especially for doctors with strong income potential. Each lender has its own approach (and documentation requirements), so the key is having a lender who regularly works with physician borrowers and knows how to structure the file correctly.

Are physician mortgage rates higher than conventional rates?

Sometimes they can be slightly higher, but not always. The better way to evaluate it is total cost and strategy: down payment flexibility, reduced PMI, faster approval with medical contracts, and preserving cash reserves can outweigh a small rate difference. Rate matters—but it’s not the only lever.

Can I use a physician mortgage for investment properties or a second home?

Typically, physician mortgage programs are designed for primary residences. Some lenders may have niche options, but in most cases the program is meant to help you buy the home you’ll live in—especially during relocation or a career transition.

What are the biggest mistakes physicians make with physician mortgages?

• Picking a lender who “offers it” but doesn’t specialize in it (execution matters). • Focusing only on rate and ignoring cash-to-close, reserves, and total monthly cost. • Not aligning the loan timeline with credentialing, start dates, and relocation logistics. • Assuming all physician mortgages are the same—terms vary widely by lender.

Can residents or fellows qualify before starting a new job?

Yes—often. Many physician mortgage lenders can use a signed employment contract (future income) to qualify you, as long as closing lines up with the lender’s contract rules. This is one of the biggest reasons physician mortgages exist: they’re built for medical transitions.

How do student loans affect approval?

Student loans matter, but physician mortgages often treat them more fairly than standard underwriting—especially for doctors with strong income potential. Each lender has its own approach (and documentation requirements), so the key is having a lender who regularly works with physician borrowers and knows how to structure the file correctly.

Are physician mortgage rates higher than conventional rates?

Sometimes they can be slightly higher, but not always. The better way to evaluate it is total cost and strategy: down payment flexibility, reduced PMI, faster approval with medical contracts, and preserving cash reserves can outweigh a small rate difference. Rate matters—but it’s not the only lever.

Can I use a physician mortgage for investment properties or a second home?

Typically, physician mortgage programs are designed for primary residences. Some lenders may have niche options, but in most cases the program is meant to help you buy the home you’ll live in—especially during relocation or a career transition.

What are the biggest mistakes physicians make with physician mortgages?

• Picking a lender who “offers it” but doesn’t specialize in it (execution matters). • Focusing only on rate and ignoring cash-to-close, reserves, and total monthly cost. • Not aligning the loan timeline with credentialing, start dates, and relocation logistics. • Assuming all physician mortgages are the same—terms vary widely by lender.

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Find the Right Lender for Your Situation

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