How do physician mortgage loans work?
A physician loan is a mortgage for doctors that changes three things. You get low down payment options. Student loans are counted in a way that fits training, not at the full payment. And a signed contract counts as income before you start. You can close in as little as 30 days. Subject to credit approval and program terms.
How long does the physician loan process take?
You can close in as little as 30 days. The steps: preapproval, contract review, offer, appraisal, underwriting, close. Subject to credit approval and program terms.
How do I choose a physician mortgage lender?
Ask three things. Do you hold the loan or sell it? How do you count my student debt? Who underwrites my file, and how often do they see physician contracts?
Common questions
Are closing costs different on a physician loan?
They're similar to other loans. I'll walk you through every line before you sign.
What credit score do I need?
600+ at U.S. Bank. Subject to credit approval and program terms.
Where do you lend?
I serve physicians in all 50 states. Subject to credit approval and program terms.