Connecticut Doctor Mortgage Loans

Connecticut Doctor Mortgage Loans: What Physicians Need to Know

Connecticut is home to Yale School of Medicine and Yale New Haven Health — one of the most prestigious academic medical systems in the country — as well as Hartford Healthcare and Hartford Hospital, drawing physicians and residents to New Haven, Hartford, Stamford, and Fairfield County. The state’s proximity to New York City makes Fairfield County in particular an extremely high-cost real estate market, where physician mortgages with jumbo capacity are essential.

Even in New Haven and Hartford, where prices are more moderate, physician mortgage programs provide critical advantages for residents who want to own during training and for new attendings who haven’t yet built the savings needed for a traditional down payment. Connecticut’s high state income tax environment also makes the no-PMI savings particularly meaningful on a month-to-month cash flow basis.