Medical Professional Mortgage

Specialized Home Financing for Medical Professionals

Your career path isn’t typical. Your mortgage shouldn’t have to be either.

The Medical Professional Mortgage Program is designed specifically for qualifying doctors, dentists, veterinarians and other medical professionals. It offers flexible financing options that recognize the unique income, student loan and career circumstances common in the medical field.

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See If You Qualify

Why Medical Professionals Need a Different Mortgage

Medical professionals can have excellent long-term earning potential while still facing obstacles with traditional mortgage guidelines. You may have:

Built around your career path

A Medical Professional Mortgage is designed to take these circumstances into consideration — student loans, residency timing, a job that hasn’t started, limited savings, contract income, recent self-employment, and larger loan amounts.

Program Highlights

Potential benefits for qualifying medical professionals — exact terms vary by borrower and selected program.

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Who May Qualify?

Medical Professional Mortgage options may be available to qualifying professionals in these allowable positions:

Eligibility is limited to these positions

Medical residents, fellows, and interns must hold an eligible medical degree. We’ll confirm whether your specialty and employment status fit a qualifying program option.

Residents & Fellows

You Don’t Necessarily Have to Wait to Buy

Starting your medical career often creates an unusual financial situation. Your current income may not reflect what you’ll soon be earning, and student loan balances may make traditional mortgage qualification more difficult.

Medical Professional Mortgage guidelines may allow qualifying medical residents, fellows, and interns with an eligible medical degree to:

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Recently Starting a New Medical Position?

A signed employment agreement may potentially allow us to qualify you using income from a position that hasn’t started yet.

Some program options allow qualifying employment to begin up to approximately five months after closing.

That means you may be able to buy your home and complete your move before your new position begins.

Self-Employed Medical Professionals

Traditional mortgage programs often require a longer self-employment history.

Certain Medical Professional Mortgage options may provide additional flexibility for doctors and other qualifying medical professionals who recently became self-employed.

In some circumstances, qualification may be possible with approximately 12 months of documented self-employment history, subject to underwriting requirements.

Basic Program Guidelines

Typical features of Medical Professional Mortgage options. Requirements vary.

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Exact loan amount, down payment, credit, reserve, debt-to-income and eligibility requirements vary based on the individual borrower and selected program.

What Can You Use the Program For?

The Medical Professional Mortgage can generally be used for:

Buying a Home

Purchase a qualifying primary residence with specialized financing designed for medical professionals.

Refinancing

Rate-and-term refinance options may also be available for existing homeowners.

Is a Medical Professional Mortgage Better Than a Conventional Loan?

Not always — and that’s why we compare your options.

Depending on your financial situation, a traditional conventional mortgage may still provide the best combination of interest rate, payment and closing costs.

We’ll compare the Medical Professional Mortgage against other financing options so you can see which one makes the most sense for you.

The goal isn’t to put you into a physician loan. It’s to find the right mortgage for your situation.

Medical Professional Mortgage FAQ

Straight answers on down payment, PMI, residents, student loans, credit, and more.

Do physician mortgage loans require a down payment?

Qualified borrowers may have options requiring little or no down payment, including financing up to 100% of the home’s purchase price.

Does a medical professional mortgage have PMI?

Qualifying program options do not require monthly private mortgage insurance.

Can residents qualify?

Yes. Medical residents, fellows, and interns with an eligible medical degree may qualify.

Can I qualify before starting my new job?

Potentially. Certain programs allow qualifying future employment income when your new position begins within the required timeframe.

How are student loans treated?

Student loan treatment depends on your situation. Certain residents and fellows with a documented $0 required payment may qualify to have that debt excluded.

What credit score do I need?

Program options are available beginning around a 680 credit score, although requirements vary.

How much can I borrow?

Qualified borrowers may have financing options available up to approximately $2.5 million.

Can I use this program for an investment property?

No. These programs are primarily designed for owner-occupied primary residences.

Do I have to be a physician?

Not necessarily. Allowable positions include Medical Doctors (MD), Doctors of Osteopathic Medicine (DO), Dentists, Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Psychiatrists, Veterinarians (DVM), Certified Registered Nurse Anesthetists (CRNA), Physician Assistants / Physician Associates (PA), Nurse Practitioners (NP), Pharmacists / Doctors of Pharmacy (PharmD), Optometrists (OD), Podiatrists / Doctors of Podiatric Medicine (DPM), Ophthalmologists, and Medical Residents, Fellows & Interns with an eligible medical degree.

Can I refinance using this program?

Yes. Rate-and-term refinancing may be available.

Talk With The 2 Mortgage Guys

Your medical specialty, employment status, income, student loans, credit profile and home price all affect which Medical Professional Mortgage option works best.

We’ll compare the available options and show you the financing strategy that fits your situation.

Explore My Medical Mortgage Options

No obligation. We’ll help you understand your options before you decide how to proceed.

(765) 450-8933 Get Started