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Manny Oloyede | NMLS 1824463

Purchase pathway

Physicians and Medical Professionals

Physician programs exist because a resident or new attending often has an excellent income trajectory, a signed contract that has not started, limited savings and substantial student loan debt. Standard guidelines can misread that profile.

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Who this is for

  • Residents, fellows and attending physicians
  • Dentists, veterinarians and other licensed professionals where the investor allows
  • Relocating professionals starting a new position soon

How the process works

  1. Confirm program eligibility for your profession

    Eligible license types differ by investor, so this is the first question rather than the last.

  2. Use the contract

    Many programs allow qualification using a signed employment contract with a defined start date, before your first pay stub.

  3. Compare against conventional

    Physician programs are not automatically the cheapest option. Compare total cost against conventional financing before deciding.

Common mistakes

  • Assuming student loans automatically disqualify you
  • Choosing a program on down payment alone without comparing total cost
  • Waiting until relocation week to start the loan process

Loan programs that apply

Specialty

Physician Loans

Financing built around a physician's employment contract and student loan reality.

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Conventional Loans

The most widely used financing for primary homes, second homes and rentals.

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Jumbo Loans

Financing above conforming loan limits for higher priced homes.

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No DTI and Asset Acquisition Mortgage

Qualify using verified assets rather than monthly income.

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Frequently Asked Questions

Several physician programs allow closing shortly before employment begins when a signed contract with a start date exists. The allowable window varies by investor.

A program designed for eligible medical professionals that may allow a low down payment without traditional mortgage insurance and treat student loan debt differently than standard guidelines.

Eligibility is typically limited to specified medical degrees and, on some programs, dentists and veterinarians. The eligible profession list varies by lender.

Some programs allow qualification with a signed contract and a start date within a defined window before the first pay stub. Documentation requirements apply.

Certain physician programs use the documented income driven payment or exclude deferred payments under defined conditions, which can meaningfully change the debt to income ratio.

Often less than conventional financing at the same loan amount, with the exact requirement depending on loan size, credit and the specific program.

Many physician programs are structured without monthly mortgage insurance even at a low down payment, which is a primary reason borrowers consider them.

Some programs include residents and fellows, sometimes with different loan amount limits. Availability varies.

The physician options referenced on this site are intended for eligible primary residence transactions. Investment purchases use conventional or investor financing.

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We will review your documents and give you a preapproval you can use with confidence. Not a commitment to lend.

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