$0 Down Physician Home Loans
Available up to $1 million1
The physician loan (sometimes called a doctor mortgage) was created because of the distinctive challenges many physicians face when borrowing due to their high debt-to-income ratios — thanks to student loans. Through Physician Bank, mortgage financing options are available in 50 states for licensed physicians, residents, and medical school graduates with the following degrees:
Medical Doctor (MD) · Doctor of Dental Surgery (DDS) · Doctor of Medicine in Dentistry (DMD) · Doctor of Optometry (DO) · Doctor of Osteopathic Medicine (OD) · Doctor of Podiatric Medicine (DPM) · Doctor of Veterinary Medicine (DVM) · Registered Pharmacists (PharmD)
Pressure-free no obligation mortgage pre-qualifications.
Loan Benefits for Physicians
- $0 down up to $1 million1
100% financing on loans up to $1 million for qualified physicians.
- No PMI payment
Save money on monthly mortgage payments compared to loans with private mortgage insurance (PMI).
- $4 million max loan amount2
Subject to approval, 100% financing not available on loans over $1 million. Contact us to learn more.
- 90-day locks3
Get qualified today and shop for 90 days with locked mortgage terms.
- Student loan debt leniency4
Medical school loan debt has less impact during decisioning compared to some traditional mortgages.
- DTI up to 45%5
Debt-to-income (DTI) compares how much you owe each month to how much you earn.
- Townhome & condo approved
In addition to single-family dwellings, the Physician Loan can be used to purchase townhome and condo units.
- Recent grads & residents
Mortgage options are also available for recent medical school graduates and residents.
1100% financing available on purchase loans up to $1,000,000. Property use must be primary residence.
2 Subject to approval. 100% financing not available on loans over $1,000,000. Contact us to learn more.
3 Subject to terms and conditions of the lock agreement.
4 0.5% of student loan balance used as monthly qualifying payment.
5 Maximum DTI is 45%.
3 Steps to Get Into Your New Home
Follow these steps to get pre-qualified
Answer a few questions online.
Tell us a bit about your home purchase plans so we can prepare the right mortgage information for you.
Meet with your physician loan specialist
You’ll have a dedicated point of contact at Physician Bank to work with throughout the loan process. They’ll call you shortly after receiving your information to complete step3, pre-qualification.
The physician loan pre-qualification process can be finished in as little as 15 minutes over the phone. When finished you’ll know exactly how much you qualify for and how your physician loan is structured.
We value your privacy and do not sell personal data to outside companies or 3rd parties. Any information you submit through this website goes directly to Physician Bank.
We understand your time is valuable so we pledge to provide prompt and courteous service throughout your loan experience.
The 100% financing option while we started our first post-residency job, their rapid and efficient response rate to our questions and our numerous changes in schedule that occurred with our builder, and the absence of PMI were all extremely helpful.Dr. David Ogden, UT