What is a physician mortgage loan?
A physician mortgage loan is a home loan built for doctors: MD, DO, DDS, DVM and similar. It offers low down payment options and counts student loans in a way that fits a medical career. Residents and attendings can qualify with a signed employment contract. I serve physicians in all 50 states. Subject to credit approval and program terms.
Do physician loans work for residents and fellows?
Yes. A signed contract is the key, and there's no minimum contract term. You can close before your start date, so you don't wait on attending pay. Subject to credit approval and program terms.
Why use a physician loan specialist instead of a local bank?
One file, one underwriter, and someone who reads a resident contract every week. A local bank often adds overlays that treat your student debt like a problem. I don't.
| Physician loan | Conventional | FHA | |
|---|---|---|---|
| Down payment | Low down payment options | Varies by program | Low down payment options |
| Contract as income | Yes | Usually not | Usually not |
| Who qualifies | MD, DO, DDS, DVM and similar | Anyone who qualifies | Anyone who qualifies |
Common questions
Can a resident get a mortgage?
Yes, absolutely. With a signed contract, residents qualify. Subject to credit approval and program terms.
How fast can I close?
You can close in as little as 30 days. Subject to credit approval and program terms.
What credit score do I need?
600+ at U.S. Bank. Subject to credit approval and program terms.
Can I buy in a different state than where I trained?
Yes. I serve physicians in all 50 states. Subject to credit approval and program terms.