Doctor & Physician loans

This loan program expands the opportunity for home ownership with low down payment options for Physicians, Doctors, Dentists, Optometrists or Oral Surgeons who have practiced for less than one year or are close to finishing up their training.

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  • Newly licensed Medical Residents may be eligible
  • Primary Residences only
  • Low down payment options
  • Minimum 720 FICO score required
  • Lender paid mortgage Insurance only
  • 30-Year Fixed and 7/1 ARM available
  • Single-family homes, condos, PUDs and modular homes only
  • Purchase and Rate & Term Refinance transactions available
  • Future/projected Income may be considered under certain circumstances (purchase only)
  • Existing Physicians/Doctors, Dentists, Oral Surgeons practicing less than 1 year may be eligible



  • Doctors who have been in practice for less than one year
  • Newly licensed Medical Residents with one of the qualifying medical designations. They must:

  • Have recently completed their residency/medical clinical fellowship program, and are about to begin their new employment
  • - OR -
  • Have less than six months of residency/fellowship remaining


  • Medical Resident (Educational License)
  • Doctor of Medicine (MD)
  • Doctor of Dental Surgery (DDS)
  • Doctor of Osteopathy (DO)
  • Doctor of Optometry (OD)
  • Doctor of Dental Medicine or Surgeon (DMD)
  • Doctor of Pediatric medicine (DPM)

Qualify for higher loan amounts

Under our Doctor & Physician loan program, student loans that will be deferred for a minimum of 12 months after the closing date may be excluded from a borrower’s monthly DTI. Future earning potential may also be factored into the application, allowing the borrower to qualify for higher loan amounts – and in some cases, in higher cost areas.

Student Loan Payments

Student loan payments that will be deferred for at least 12 months after closing may be excluded from a borrower’s monthly debt PMI ratios, provided that:

  • The deferred debt will remain in a deferred status until after the Borrower is placed within his or her field and receiving full compensation

    - AND -

  • The underwriter applies a reasonableness test as to the likelihood of the Borrower’s compensation and employment following the deferment period, and the likelihood that the Borrower’s income will be sufficient to expect timely repayment of the student loan debt

Speak with a Dedicated Mortgage Specialist

Schedule a call or meeting to learn more. Or call us today at 800-764-9072!

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