Physicians Default Less (Risk Model)
Banks track this data. Medical professionals have significantly lower default rates than the general population. Lower risk means better terms.
Predictable Income Trajectory
Your earning curve is well-documented. Banks can model physician income growth better than most professions. Residency to attending is a known path.
Manual Underwriting Beats Algorithms
Automated systems can't account for your career. Manual underwriters see the full picture and approve what computers reject.
Benefits You Get As A Physician (0% Down, No PMI, No Escrow)
No marketing fluff. Just the real benefits that save you money from day one.
Check Your Rate
Zero Down
$1M
Buy up to $1 million without touching your savings. Other lenders want 5-20% down—you have better uses for that capital.
No PMI
$0
Save $300-$800 monthly that other buyers spend on private mortgage insurance. Even with zero down, you'll never pay PMI.
Better Rate
0.75%
Get rates 0.75% below market. Plus, skip the escrow account—pay taxes and insurance on your own schedule. Two fewer headaches for you.
How the Doctor Mortgage Program Works (Manual Underwriting + 7/1 ARM)
Similar programs exist for other licensed professionals, but this page focuses on physicians and medical doctors.
1. Manual Underwriting (What They Actually Review)
A human underwriter reviews your file instead of an algorithm. They look at your medical credentials, employment history, income trajectory and assets. This flexibility is why doctors with student debt or residency income still get approved.
2. The 7/1 ARM Explained in Plain English
Your rate is fixed for 7 years, then adjusts annually. ARMs offer lower initial rates than 30-year fixed. You save money upfront when rates matter most.
3. Why Many Borrowers Refinance or Move Before Year 7
Most physicians refinance, sell or pay off their home loan within 7 years due to career moves, fellowship transitions or income jumps. The ARM saves money during those key early years.
Income & Documentation (W-2, K-1, 1099, Variable Pay)
Different income types require different documentation. Here's what to expect.
Residents With Employment Contracts
Residents and new attendings can qualify with a signed employment contract. No paystubs needed.
Bonus & RVU-Based Pay
Variable pay is averaged over 2 years. If you've been at your practice less than 2 years, we use what's available. Production bonuses count.
Self-Employed / Practice Owners (K-1s)
Practice owners and partners provide 2 years of tax returns. See our private practice guide.
IDR vs "1% of Balance" (Why It Matters)
Conventional lenders use 1% of your balance as your payment. $250K in loans = $2,500/month hit to your DTI. We use your actual IDR payment—often $500 or less.
How Lenders Treat Deferred/Forbearance
Deferred loans during residency are typically calculated at 1%. Get on an IDR plan before applying—even a $0 payment letter helps.
Eligibility Requirements (Medical Credential Needed)
Attending physicians, residents, fellows, private practice owners, hospitalists, surgeons and specialists with an MD, DO, DDS, DMD, DPM, OD or PharmD. If you've got an active medical license, you qualify.
Frequently Asked Questions
Your doctor mortgage questions answered. From student debt to closing speed, here's what you need to know before applying.
Get Started TodayWe use your actual income driven payment, not the 1% of balance that kills most applications. That $500/month payment instead of $2,500/month calculation? That's the difference between qualifying or not.
Your signed employment contract works. We understand the residency-to-attending income jump. Many physicians close during their final year of training.
Lower initial rates. And the reality: most physicians refinance, sell or pay off within 7 years due to career moves or income jumps. The ARM saves money during those key early years.
MD, DO, DDS, DMD, DPM, OD and PharmD. Residents, fellows and attendings all qualify. Your medical degree and active license are what matter.
21-30 days from application to keys. Pre-approval in 24-48 hours. We move fast because we understand your schedule.
Why Physicians Work With Me
Since 2016, I've helped over 560 families through the mortgage process. As a second-generation mortgage consultant and UC Berkeley grad, I know how to match the right program with the right person. More about my background.
What I've learned working with doctors: your schedules are packed, you're sharp with numbers and you don't have time for runaround. That's why I'm direct about what works, what doesn't and how to get you the best terms possible.
From FHA to jumbo loans, bank statements to DSCR—I've handled it all. But doctor mortgages? Those are my favorite. Because when you understand someone's career, you can build them a better loan.
Cost Comparison: Doctor Mortgage vs Conventional vs FHA
See what your medical degree actually gets you versus what everyone else settles for.
On a $500,000 home: $47,000+ saved in the first 7 years versus conventional.
See the Full BreakdownRate Advantage (Why Qualified Borrowers Often Get Better Terms)
Typically 0.50-0.75% below conventional rates. Lower risk deserves better rates.
What Actually Drives Your Rate
Credit score, LTV (loan-to-value), reserves and loan size. Each factor moves your rate up or down. See how credit affects your rate.
ARM vs Fixed Pricing Tradeoff
ARMs start lower than fixed rates. If you'll relocate or refinance within 7 years, the ARM saves money. If you're staying forever, we can discuss fixed options.
How to Get the Best Pricing Tier
760+ credit, 6+ months reserves and clean employment history. Hit all three and you're in the best tier. Browse all our guides.
*Rate differentials based on current market conditions. Your actual rate depends on credit, loan amount and lender. APR and terms vary.
Timeline to Keys (Pre-Approval to Closing)
From first click to front door. Here's how fast it moves.
Pre-Qual in 2 Minutes
Quick online form. We verify your medical credentials and give you a preliminary answer. No credit pull at this stage.
Underwriting in 24-48 Hours
Submit your docs, get a decision fast. Most physicians have their approval letter within 2 business days.
Close in 21-30 Days
Title, appraisal and final underwriting. We stay on top of the process so you can focus on patients.
By the Numbers
$0
Down Payment
21
Days to Close
560+
Families Helped
A+
BBB Rating
NMLS #1461555
Equal Housing Lender
Mon-Fri 8 AM - 8 PM ET
Get Pre-Approved in 2 Minutes
Zero down up to $1 million. No PMI. No escrow. Rates that beat conventional by 0.75%. If you've got a medical credential, you could be in your new home in 30 days.
✓ 2-minute application • ✓ Response within 24 hours • ✓ Medical credential required