Physician Mortgage Loans:
0% Down. No PMI.
Find a Lender in Your State.
Doctor loans are built for how physicians actually live — high student debt, delayed income, and a busy schedule. Connect directly with pre-vetted physician mortgage lenders nationwide. No registration. No waiting.
Find a Doctor Mortgage Lender in Your State
Select your state below to connect directly with physician mortgage lenders in your area. Every lender in our network specializes in physician loans — they understand deferred student debt, residency income, and offer-letter closings.
Physician Mortgage Lenders Available Nationwide
The MD Preferred Network connects physicians, residents, fellows, and other healthcare professionals with doctor mortgage lenders in all 50 states and Washington D.C., including: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and Washington D.C.
Every lender in our physician mortgage directory specializes in doctor loans — they understand the unique financial circumstances of medical professionals, including medical school debt, residency income, and offer-letter closings. Physician mortgage lenders in our network offer programs for MDs, DOs, residents, fellows, dentists (DDS/DMD), veterinarians (DVM), podiatrists (DPM), CRNAs, and other qualified healthcare professionals.
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What Is a Physician Mortgage Loan?
A physician mortgage loan — also called a doctor loan or doctor mortgage — is a specialized home financing program designed specifically for medical professionals. Unlike conventional loans, physician mortgages are built around the financial reality of doctors: high student loan debt, years of lower residency income, and a strong future earning trajectory that traditional underwriting often ignores.
Most physician loan programs offer 0% or low down payment options without requiring private mortgage insurance (PMI), and they calculate your debt-to-income ratio (DTI) in a way that accounts for student debt — rather than penalizing you for it.
The result: a home loan program that actually works for physicians, whether you’re a brand-new resident, a fellow relocating for a subspecialty, or an attending physician buying your first home.
Doctor Loan vs. Conventional Mortgage
A conventional mortgage requires 20% down to avoid PMI, counts all student loan debt in your DTI, and typically won’t close on an offer letter. For a physician with $300,000 in medical school debt and a resident’s income, this often means being denied entirely.
Physician mortgages solve each of these problems specifically — that’s what makes them so valuable during the transition from training to practice.
Looking for a physician real estate agent to help with your home search? Browse our Physician Realtor Directory →
Key Benefits of Physician Mortgage Loans
Every feature is designed around the financial circumstances unique to medical professionals.
0% or Low Down Payment
Most physician mortgage programs require little to no down payment — even on loans above $1 million — without triggering PMI. Preserve your cash for an emergency fund, investments, or practice costs.
No Private Mortgage Insurance
Conventional loans require PMI when you put down less than 20%. Physician loans eliminate this entirely, saving physicians hundreds of dollars per month on their mortgage payment.
Flexible DTI — Student Loans Excluded
Physician mortgage lenders either exclude deferred student loans from DTI calculations entirely, or use only your income-driven repayment (IDR) payment. This is the most important feature for residents with $200K–$400K in medical school debt.
Close on an Offer Letter
Most programs allow you to close up to 90 days before your employment start date using a signed job offer or contract. Critical for residents relocating to start their attending position.
Competitive Interest Rates
Despite the relaxed down payment and DTI requirements, physician loans typically offer competitive interest rates — often on par with or slightly above conventional jumbo rates.
Streamlined Approval Process
Lenders who specialize in physician mortgages understand your unique financial profile. Less back-and-forth, less documentation friction, and faster closings compared to standard mortgage underwriting.
Who Qualifies for a Physician Mortgage?
Eligible designations vary by lender, but physician mortgage programs commonly cover the following healthcare professionals:
How Physician Mortgages Handle Student Loan Debt
This is the most critical difference between physician mortgages and conventional loans for most doctors. Here’s exactly how it works:
| Scenario | Conventional Mortgage | Physician Mortgage |
|---|---|---|
| Deferred student loans | 1% of total loan balance counted in DTI every month BAD | Excluded from DTI calculation entirely GOOD |
| Income-driven repayment (IDR) | Full standard payment used in DTI | Only actual IDR payment (often $0–$200/mo) counted in DTI GOOD |
| Doctor with $300K student debt, $60K resident income | DTI likely exceeds 43% limit — loan denied | May qualify comfortably at $500K–$650K purchase price GOOD |
| Down payment requirement | 20% to avoid PMI ($100K on a $500K home) | 0–5% down, no PMI on most programs GOOD |
| Closing before job starts | Requires active employment and pay stubs | Offer letter accepted up to 90 days before start date GOOD |
Physician Mortgage Loan FAQ
Answers to the most common questions from physicians, residents, and fellows about doctor mortgage loans.
Also looking for a physician-friendly real estate agent?
Our Physician Real Estate Directory connects you with experienced realtors who specialize in physician relocation — they understand your timeline, your priorities, and your market.
Ready to Find Your Physician Mortgage Lender?
Browse the directory above, or call our team directly. We’ve been helping healthcare professionals navigate home buying since 2009 — at no cost to you.