Frequently Asked Questions

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A physician home loan is a special mortgage designed for medical professionals. It typically offers low or no down payment, no private mortgage insurance (PMI), flexible student loan treatment, and higher loan limits — even for those just starting their careers.

These loans are available to:
✅ Medical doctors (MD, DO)
✅ Dentists (DMD, DDS)
✅ Veterinarians (DVM)
✅ Podiatrists (DPM)
✅ Optometrists (OD)
✅ Some advanced practitioners (depending on the lender)

Even residents and fellows with signed employment contracts can qualify.

A physician loan mediator is your advocate during the home loan process. They:
🔎 Research multiple lenders
📄 Handle paperwork
📈 Match you with exclusive doctor loan programs
🤝 Negotiate better terms
💬 Provide personalized guidance — all with your career path in mind 

Banks only offer their own loan products. A physician loan mediator works with multiple lenders and can compare programs side by side — helping you find the best rates, terms, and benefits you may not get on your own. 

In most cases, there’s no cost to you. Loan mediators are typically compensated by the lender at closing, not by the borrower. You get expert help without paying a fee. 

Yes! Most physician loan programs accept a signed employment contract, even if your start date is 60–90 days away. This allows you to buy a home before your first paycheck. 

Absolutely. Many programs allow loan limits of $1 million to $2 million+, with little or no down payment — reflecting your high earning potential. 

Not necessarily. Physician loans treat student debt more flexibly. Some lenders use reduced payment calculations (e.g., from income-driven repayment plans), and others ignore loans in deferment altogether. 

No. While many borrowers are first-time homebuyers, physician loans are also available to those buying their second or third home, depending on the lender’s guidelines. 

Yes, most physician mortgage programs can be used to purchase:
🏠 Single-family homes
🏢 Condominiums (with some restrictions)
🏘️ Townhomes

New construction may also be eligible in some cases.

No. While many borrowers are first-time homebuyers, physician loans are also available to those buying their second or third home, depending on the lender’s guidelines. 

It depends on your situation. A physician loan can be better if you:

• Want to put little or no money down
• Don’t want PMI
• Have student debt
• Are early in your career and want more flexible underwriting

We will help compare options to see what’s best for you.