why our team loves Doctor/Medical home loans
It recognizes the reality of medical careers: big potential, complex income, and student debt. With relaxed guidelines and no PMI, it helps our medical clients become homeowners in a way that works for them.
doctor loans at a glance
The Doctor Loan Program offers low- or no-down-payment options, no private mortgage insurance (PMI), and flexible underwriting for qualifying healthcare professionals. It’s available to MDs, DOs, dentists, pharmacists, veterinarians, and other advanced degree holders in the medical field.
Highlights
- No Private Mortgage Insurance. Avoid PMI even with less than 20% down.
- High Loan Limits. Finance up to $3 million.
- Flexible With Student Loans. Future income is considered, and student debt is often excluded from DTI or calculated with favorable terms.
- Work History Not Required. Employment contract or license can satisfy income requirement, even before your start date.
- Low or No Down Payment. As little as 0% to 5% down, depending on your situation.
- Streamlined Approval Process. We're familiar with medical careers and the paperwork that comes with them.
Doctor Loan Guidelines
- Eligible Borrowers: MD, DO, DDS, DMD, DVM, PharmD, OD, DPT, and other eligible licensed professionals.
- Maximum Loan Amount: Up to $3 million depending on LTV.
- PMI: Not required, even below 20% down.
- Student Loans: Deferred or income-based repayment plans often excluded from DTI or counted at reduced percentage.
- Occupancy: Primary residence only.
- Property Types: Single-family, townhomes, and select condos.
Pros of Doctor Loans
- No PMI Required: Skip private mortgage insurance, even with less than 20% down.
- Flexible on Student Loans: Deferred or income-driven payments often excluded or calculated favorably.
- Future Employment Counts: Qualify with an employment contract before your first day on the job.
- High Loan Limits: Finance up to $3 million, depending on lender guidelines.
- Tailored for Medical Professionals: Designed for MDs, DOs, dentists, pharmacists, and other licensed healthcare pros.
Best for…
Recent medical school graduates, residents, or fellows ready to buy their first home
Licensed physicians, dentists, pharmacists, or veterinarians with strong earning potential but limited savings
Medical professionals who want to avoid PMI and qualify with a future employment start date
Borrowers with high student loan balances who need flexible underwriting.
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
