Physician/Medical Professional Loan
Just starting your medical career? You can qualify with a signed employment contract or offer letter. No need for years of tax returns or income history.
A Smarter Home Loan for Medical Professionals
Fixed interest rate
Your rate remains the same for the entire life of your loan.
0%-10% down payment
Get into your new home with a down payment as low as 0%.
No private mortgage insurance (PMI)
Keep your monthly payment lower without the added cost of PMI.
What You'll Need to Qualify
Available for the purchase of a primary residence only.
Eligible property types:
Single family homes
Condos/Townhomes
2-4 unit properties
A minimum FICO score of 680 is typically required.
Your debt-to-income ratio (DTI) can go up to 50%. Student loans are often excluded.
Plus, there's NO mortgage insurance (MIP) required, even with a lower down payment.
You can often close on a home with a signed employment contract or job offer, before you start working.
Available to all medical doctors, including residents, and nurse practitioners.