What is a conventional loan?

A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. The loan is backed by private lenders, and its insurance is usually paid by the borrower.

What is a physician or doctors mortgage loan?

A doctor loan is a specific mortgage loan available to doctors in the home buying process. This type of loan allows residents, attending physicians and other medical professionals to buy a home with a little to no down payment & avoid mortgage insurance. Doctor loans were created by mortgage lenders specifically because conventional loans do not meet the unique financial backgrounds of physicians, dentists, and other medical professionals.

What is mortgage insurance?

Private mortgage insurance (PMI) is an insurance policy that protects the lender – not you - if you fail to make the promised payments on your home loan. It is arranged by the lender and provided by private insurance companies. A PMI is usually required when you have a conventional loan, but with a doctor loan (and good credit score) physicians can borrow 95% to 100% of the home’s purchase price with no PMI.

Who can apply for a doctor loan?

The lenders we work with have products for physicians at all stages of their medical journey from practicing residents to attending physicians in many different areas of expertise, such as:







As a medical student, you will have to wait until residency to apply.

Can I apply if I am not a permanent US citizen or resident? 

Unfortunately, no.

Are doctor loans available in every state?

Yes, and our expert lenders will be able to match you up with a bank that works in your area.

What kind of properties are eligible for Doctor Loans?

Any kind of property (single family, condo, townhome…) as long as it’s your primary residence. You will not be able to use the loan for income property you’re not living in.

Will my student loans affect my ability to qualify for a doctor loan?

Your student loan debt can be a huge factor when applying for a loan, however, a doctor loan will not include deferred student loan payments. It will only take into account what you are paying on your income driven repayment when considering your debt-to-income (DTI) ratio.

Can I purchase a home before starting a new position?

Yes! Doctor loans allow you to purchase a home up to 60 days before you start your new position. This will allow you to move in and get adjusted up to two months in advance.

Can I refinance my home with a Doctor Loan?

Yes, our lenders can help you refinance with a doctor loan!

What kind of credit score do I need to qualify?

Generally, 680 is the minimum score most banks will accept.

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