A physician home loan is a specific mortgage loan product that is available to doctors who would like to purchase a home.

Physician home loans are also often called:

• Physician Loans
• Doctor Loans
• Doctor Home Loans
• Physician Mortgage Loans
• Doctor Mortgage Loans

• Lower down payments (0-15%)
• No Private Mortgage Insurance (PMI)
• More flexible underwriting standards in regards to:

1. Student loan debt
2. Short work history
3. Contract prior to working

Every lender has slight differences in qualification, however, typically you need to:

• Be a physician / doctor
• Be employed
• Have a good credit score (700+)

• Doctor of Medicine, M.D.
• Doctor of Osteopathic Medicine, D.O.
• Doctor of Optometry, O.D.
• Doctor of Podiatric Medicine, D.P.M.
• Doctor of Dental Surgery, D.D.S.
• Doctor of Dental Medicine, D.M.D.

Yes, the lenders we work with have products for physicians at all stages of their medical journey.

Aside from cutting you a break after going through numerous years of school and training, banks realize that you’re a good bet.

• Statistics show that doctors have amongst the lowest, if not the lowest, default rates out of any population.
• Doctors have high future or current earning power.
• Doctors typically have stable jobs less affected by swings in the economy.

Banks have created a product to allow doctors to borrow money for a house in spite of:

• Having little saved up for a down payment.
• A significant amount of student loan debt.
• A short work history

The property you purchase with a Physician Home Loan must be a primary residence, whether that’s a condo, co-op, townhouse, single family, or multifamily (as long as you’re living in it as well).

Yes, some of our lenders will refinance your current loan with a Physician Home Loan.