What Is a Physician Loan
If you are just out of medical school, in residency, or a physician who has been in practice for many years, then the Physician Loan program is a great mortgage option available to you.
A physician mortgage loan is a low down payment mortgage available to physicians, dentists and other eligible medical professionals. They do not require mortgage insurance and are often considered jumbo mortgages as they allow higher loan balances than conventional and FHA mortgage loans. We’ve made it easy for doctors to compare lenders that offer these mortgage loans.
These loans are meant for new medical professionals just entering the field, as doctors are usually at a disadvantage from the large debt-to-income (DTI) after medical school and unable to provide proof of employment and income if they’ve just graduated.
If you’re a medical professional, contact us today to learn more and decide whether this loan is right for you.