Doctor mortgage loans, also known as physician mortgage loans, are a specific type of mortgage loan designed for doctors, dentists, and other medical professionals. These loans are tailored to the unique financial needs of medical professionals, and offer several benefits over traditional mortgage loans.
Josh Mettle, Fairway Mortgage
Medical professionals face several unique challenges when buying a home and applying for a conventional or FHA mortgage loan. Until recently, physician home loans or doctor mortgages were only available to M.D. and DMD, excluding many other medical professionals with similar needs.
Now medical professionals have options outside conventional and FHA loans to help them overcome these common challenges and in many instances borrow at lower total costs.