You spent years training. Your home loan should account for that.
Physician loans are designed for doctors and dentists who are early in a high-earning career but carry student debt and little saved for a down payment. Many let you buy with little or nothing down, skip PMI, and even close on an employment contract before your first day.
Who this is for
- Physicians (MD or DO), dentists, and many other licensed medical professionals
- Residents and fellows with a signed employment contract starting soon
- Doctors with strong income but heavy student loans and a thin down payment
- Medical professionals who want to skip PMI without putting 20% down
How it works
Confirm your profession qualifies
We check that your degree and license fit a physician program and find the lenders that offer the strongest terms for your specialty.
Use your contract as income
If you're a resident, fellow, or starting a new role, a signed employment contract can often stand in for pay stubs you don't have yet.
Choose your down payment
We show you the options — frequently 0% to 10% depending on the loan amount — with the rate and payment for each so you can decide.
Close and move in
We coordinate underwriting and signing, explaining every step, so you can focus on the new job and the new home.
Little to nothing down
Many physician programs finance most or all of the price on higher loan amounts, so you keep your savings.
No PMI
You can put less than 20% down and still skip private mortgage insurance — a real monthly savings.
Student loans, handled
Lenders often use your income-based payment, or set student debt aside, instead of counting the full balance against you.
Close on a contract
A signed offer letter can serve as proof of income, so you can buy before your first paycheck arrives.
Today’s sample rates
Common questions
Are physician mortgage loans the same thing as doctor loans?
Yes — physician mortgage loans, doctor loans, and physician home loans are the same product with different names: low- or no-down-payment financing without PMI, built around a medical career's income timeline. Different lenders brand it differently, which is one more reason a broker who compares several physician-loan lenders side by side is useful.
Who qualifies for a physician loan?
Most programs are open to physicians (MD or DO) and dentists, and many also include other licensed medical professionals. Residents and fellows often qualify too. Tell us your degree and we'll confirm which programs fit.
How much do I have to put down?
Often very little — many physician loans allow 0% to 10% down, with the lowest down payments on higher loan amounts. The exact figure depends on the lender and your loan size, and we'll show you the options side by side.
Do physician loans really skip PMI?
Yes. A defining feature is no private mortgage insurance even when you put less than 20% down, which keeps your monthly payment lower than a standard low-down loan.
I have a lot of student debt. Does that disqualify me?
Usually not. Physician programs are designed around student loans — lenders commonly use your income-driven payment or exclude deferred loans, rather than counting the full balance. That's often the difference that lets you qualify.
Can I buy before I start the job?
Frequently yes. A signed employment contract can stand in for pay stubs, so many doctors close a month or two before their start date. We'll confirm the timing your lender allows.
What property types can I buy with a physician loan?
Physician loans are for a primary residence — single-family homes, warrantable condos, and townhomes are the typical fit. Most programs don't cover investment property, and some limit condos or multi-unit homes. Tell us the property early and we'll confirm the lender's rules before you write an offer.