100% Physician Loans
100% Doctor Home Loans
Specialized financing designed for medical residents, fellows, and practicing physicians. Explore mortgage options created around your career path, income potential, and relocation timeline.
What Are Physician Loans?
Traditional mortgages often evaluate borrowers using strict debt-to-income ratios and standard employment history. For medical professionals carrying student debt while entering residency, fellowship, or a new attending role, those rules can make homeownership harder to access.
Physician loans, also called doctor loans, are mortgage products created with medical professionals in mind. These programs offer more flexible underwriting, lower cash-to-close requirements, and a path to homeownership that better reflects your long-term earning potential.
The Strategic Advantage
For many residents and early-career physicians, monthly mortgage costs may be comparable to renting while also creating an opportunity to build equity. A physician loan can help preserve cash for relocation, setup costs, and other transition expenses.
Is Your Lender Offering a True 100% Dr. Loan?
Many lenders market physician financing, but not every program includes the same structure or benefits. These are four smart questions to ask when comparing lender options.
Is it truly 100% financed?
A physician loan allow for 100% financing with zero money down up to a lender-specific price point. That can help preserve savings for moving and transition costs.
Is there any PMI?
Many buyers seek physician loan programs because they do not provide private mortgage insurance. Be sure to ask whether PMI is truly removed or simply handled differently within the loan terms.
Do I need an employment contract?
With a true physician loan, lenders can work from a Match Day letter or offer documentation rather than requiring a fully executed employment contract, which can make the process easier during a fast move.
How is student loan debt calculated?
Physician loan programs treat student debt differently than conventional mortgages. Ask whether the lender uses your actual payment amount, an income-based repayment estimate, or another qualification method.
Who Qualifies?
These programs are often designed for medical professionals at different stages of training and practice.
New Residents
Buyers preparing to move quickly after Match Day or early in training.
Fellows
Medical professionals continuing training while planning for housing stability.
Early-Career Physicians
Attendings and newly practicing physicians transitioning into a new role or market.
Preserve Your Cash
Relocation can be expensive. Lower down payment options may help keep more cash available for moving, setup, and transition expenses.
Avoid Extra Monthly Costs
Programs without PMI will reduce added monthly expense and improve overall affordability.
Consider Buying Sooner
In some markets, buying with physician financing may be worth exploring earlier than expected, especially when rents are high.
Reduce Stress During Transition
Flexible underwriting can remove some of the common financing barriers physicians face when moving for training or a new role.
Connect With Trusted Lenders
Shaun McLean works with trusted lending contacts who understand physician-focused financing. If you are not sure whether buying is realistic right now, a conversation can help clarify your options.
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