✅ Low or No Down Payment

Physician loans typically allow for 0–10% down, even on homes over $1 million. This helps you preserve cash for other priorities like student loans, practice startup costs, or investments.

✅ No Private Mortgage Insurance (PMI)

Most conventional loans require PMI with down payments under 20%. Physician loans eliminate this unnecessary cost — saving you hundreds per month.

✅ Higher Loan Limits

Because of your future earning potential, physician loans often approve you for higher amounts than traditional mortgages — without requiring a co-signer.

✅ Flexible Employment Start Dates

Still in training or just signed your first contract? Many lenders accept future-dated employment contracts (within 60–90 days of closing) to qualify you for a home — so you can buy before your first paycheck.

 ✅ No Prepayment Penalties

Many physician loans allow you to pay down your loan faster or refinance when it suits you — without penalties, giving you more flexibility and long-term savings.

✅ Tailored for High-Income Growth

These loans recognize your unique career path and earning trajectory, allowing for more generous debt-to-income ratios than conventional loans.

✅ Available to Residents, Fellows & Attendings

Whether you're just starting residency or years into private practice, doctor loans adapt to your career stage and financial profile.

✅ Multiple Property Options

Doctor loans can be used for primary residences, condos, and in some cases, even townhomes — giving you a wide range of choices.