What this program is
A physician home loan is a mortgage designed around a doctor's real financial picture.
A physician home loan is a mortgage program designed for licensed physicians, and it offers up to 100% financing on loans up to $1 million without private mortgage insurance. It exists because doctors often carry large student loan balances early in their careers while their incomes are still climbing, which makes a conventional low-down-payment loan harder to qualify for. These programs are built around that reality.
I want you to understand exactly what a program like this can and cannot do before you compare it with anything else. The numbers below come straight from the program materials, and in your buyer consultation we can map them against your own situation: your loan amount, your credit, your student loan picture, and the home you are aiming for.
Built for medical careers
The program assumes your income trajectory, not just your current balance sheet, which is why it can be far more generous than a conventional loan.
Primary residences only
This is a home-buying tool, not an investment tool. The program is restricted to primary, owner-occupied residences.
Affordable should never mean unacceptable
A zero-down loan still deserves a careful inspection, honest pricing, and a neighborhood that fits your life. That standard never changes.
What the program offers
Five features that make physician loans different.
100% financing up to $1 million
Qualified physicians can finance the full purchase price, up to a $1 million loan amount, with no down payment required. That keeps your savings available for closing costs, moving, and everything a new home brings.
No private mortgage insurance
The program eliminates the private mortgage insurance (PMI) requirement. Skipping PMI can save hundreds of dollars a month compared with a conventional loan at a low down payment.
A 0.25% autopay rate discount
Have your mortgage payment auto-deducted from a checking or savings account and the rate drops by one quarter percent (0.25%). The account and auto-debit must be in place and documented on or before closing.
Student loan flexibility
Student loan debt may be excluded from your loan ratios when regulatory guidelines are met. For physicians early in their careers, that can be the difference between qualifying and waiting years.
Adjustable rate options
Adjustable rate mortgage options are available for physicians who want a lower starting rate and expect to refinance, sell, or pay the balance down within a few years.
Who qualifies
Who is eligible for a physician home loan?
Eligibility centers on being a licensed physician with a recognized practice setting. Here is how the program describes who qualifies.
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A licensed physician employed by a hospital or physician group
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Self-employed for at least 2 years
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Teaching at a medical school or institution
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Psychiatrists are eligible when they are licensed MDs
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Must meet underwriting requirements
Credit score requirements
Loans up to $650,000
700
Minimum credit score
Loans up to $1 million
720
Minimum credit score
A higher score does not guarantee approval, and a lower score does not automatically disqualify you. Underwriting looks at the whole picture, and we can review your actual numbers together.
Psychiatrists qualify too
Psychiatrists are eligible for the program when they are licensed MDs, so the same 100% financing, no-PMI structure applies to them.
The fine print, in plain language
What you should know before you rely on any of it.
Programs like this change, and the details matter. These are the exact terms that come with the program, and I would rather you read them here than be surprised later.
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Loans subject to credit approval
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Additional fees and charges may apply
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Restricted to primary, owner-occupied residences only
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Additional restrictions may apply
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Rates and program subject to change without notice
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Not a credit decision or commitment to lend
In short: this page explains the program, it is not a credit decision or a commitment to lend. Your actual offer will come from a lender, after underwriting reviews your documentation, and only for a primary, owner-occupied residence.
Your next step
How does a physician loan fit into your move?
A physician loan is one of several strong options, and the right one depends on your loan amount, your credit, your timeline, and what you value. In your buyer consultation we can compare it side by side with conventional and other programs on your actual numbers, so you choose with clarity, not guesswork.
Book your free buyer consultationStart with the buying guide
The full process from consultation to closing, including the financing step this program fits into.
Go thereFirst-time buyer hub
Credit basics, down payment help, and a patient step-by-step path for buyers at the start.
Go thereMortgage & buying tools
Estimate your monthly payment and see how much home you can afford before you compare loans.
Go thereYour Move Matters
Let us plan the move together with clarity and confidence.
Whether you are buying your first home, selling a longtime family property, or weighing an investment, the first conversation costs nothing and changes everything.