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Physician Loans

We provide a special lending program assisting a new doctors or last-year resident with home financing.

Qualifying residents and physicians

  • Newly licensed Medical Residents with one of the seven designations (listed below). You must:

  • Have recently completed your residency/medical clinical fellowship program, and are about to begin new employment; OR

  • Have less than six months of residency/fellowship remaining.
  • Doctors who have been in practice for less than one year.

Qualifying medical designations

  • Medical Resident (Educational License)
  • Doctor of Medicine (MD)
  • Doctor of Dental Surgery (DDS)
  • Doctor of Osteopathy (DO)
  • Doctor of Optometry (OD)
  • Doctor of Dental Medicine or Surgeon (DMD)
  • Doctor of Pediatric medicine (DPM)


Student loan payments that will be deferred for at least 12 months after closing may be excluded from a borrower’s monthly debt PMI ratios, provided that:

  • The deferred debt will remain in a deferred status until after the Borrower is placed within his or her field and receiving full compensation; and

  •  The underwriter applies a reasonableness test as to the likelihood of the Borrower’s compensation and employment following the deferment period, and the likelihood that the Borrower’s income will be sufficient to expect timely repayment of the student loan debt.

Physician Loan Criteria Highlights

• Newly licensed Medical Residents may be eligible

• Existing Physicians/Doctors, Dentists, Oral Surgeons practicing less than 1 year may be eligible

• Future/projected Income may be considered under certain circumstances (purchase only)

• Minimum 720 FICO score required

• 30-Year Fixed and 7/1 ARM available

• Purchase and Rate & Term Refinance transactions available

• Low down payment options

• Primary Residences only

• Single-family homes, condos, PUDs and modular homes only

• Lender paid mortgage Insurance only