100% Financing for
Medical Professionals
No PMI. No Down Payment. Up to $2,000,000.
A physician mortgage loan is a specialized home loan for medical professionals offering 100% financing up to $2,000,000 with no PMI required. According to the AAMC, 73% of medical school graduates carry student debt averaging $200,000—physician loans address this by excluding deferred student loans from debt-to-income calculations.
You spent years training to save lives. Now get a mortgage that understands your journey.
Free pre-qualification. No obligation. Takes 2 minutes.
Who Qualifies for a Physician Loan?
Our program is designed for 11 eligible medical professions. If you hold one of these degrees, you may qualify.
Medical Doctors
MD
Osteopathic Doctors
DO
Dentists
DDS / DMD
Pharmacists
PharmD
Veterinarians
DVM / VMD
Podiatrists
DPM
Nurse Anesthetists
CRNA
Residents & Fellows
With eligible degrees
Also includes: Ophthalmologists, Psychiatrists, and other MD/DO specialists
Why a Physician Loan?
Traditional mortgages don't account for the unique financial situation of medical professionals.
| Feature | Traditional Loan | Physician Loan |
|---|---|---|
| Down Payment | 5-20% required | 0% available |
| PMI | Required if <20% down | Never required |
| Student Loans | Counted in full DTI | Can be excluded |
| Offer Letter Income | Not accepted | Accepted |
| Max Loan Amount | ~$766,550 (conforming) | Up to $2,000,000 |
| Underwriting | Strict guidelines | In-house flexibility |
Key Takeaways: Physician Mortgage vs. Conventional Loan
- •PMI Savings: Physician loans save $2,500–$7,500 annually by eliminating PMI (Source: Freddie Mac PMI estimates)
- •Higher Limits: Up to $2M vs. $766,550 conforming limit (Source: FHFA 2024 Loan Limits)
- •Student Debt Solution: 73% of physicians carry ~$200,000 in student loans (Source: AAMC 2024 Medical School Debt Report)
Why Banks Offer This
According to the Bureau of Labor Statistics, physicians have an unemployment rate below 1%—significantly lower than the national average of 3.7%. Combined with median salaries of $229,300+ (BLS, 2024), lenders view medical professionals as exceptionally low-risk borrowers despite high student debt early in their careers.
Program Highlights
Our Medical Professionals Program is designed to help you buy a home sooner.
100% LTV Financing
Purchase your home with zero down payment. Keep your savings for furnishing, moving, or emergencies.
No PMI Required
Unlike conventional loans, you won't pay hundreds per month in private mortgage insurance—even with 0% down.
Up to $2,000,000
Finance higher-priced homes in competitive markets. Most programs cap at $1M—we go to $2M.
Offer Letter Accepted
Haven't started your new job yet? We can use your employment offer letter to qualify you—up to 150 days out.
Student Loan Flexibility
During residency/fellowship, deferred student loans can be excluded from your debt-to-income calculation.
In-House Underwriting
Common-sense credit decisions made by real underwriters—not automated systems. Faster approvals and flexibility for unique situations.
Available Loan Types
Student Loans Shouldn't Stop You From Owning a Home
The average medical school graduate has $200,000+ in student debt. Traditional lenders see this as a liability. We see it differently.
Deferred Loans Excluded
During residency or fellowship, deferred student loans don't count against your DTI
IBR/PAYE Payments Used
We use your actual payment amount, not 1% of balance like conventional loans
Up to 50% DTI Allowed
More flexibility than traditional loans that cap at 43-45%
Example DTI Calculation
*Deferred during residency/fellowship
Additional Buying Power
+$150,000
Meet Your Loan Officer
Expert guidance for medical professionals navigating the home buying process.
Tanner Cook
Loan Officer | NMLS# 2090424
Cook Brothers Mortgage Team
I specialize in helping medical professionals navigate the unique challenges of buying a home. Whether you're finishing residency, starting a new position, or looking to upgrade, I'll find the right solution for your situation.
NMLS# 173855
Frequently Asked Questions
Everything you need to know about physician mortgage loans.
A physician mortgage loan (also called a doctor loan) is a specialized mortgage program designed specifically for medical professionals. It offers 0% down payment (100% financing), no private mortgage insurance (PMI), and flexible debt-to-income calculations that exclude student loans. According to Bankrate, physician loans typically allow up to $2,000,000 in financing—significantly higher than conventional conforming loan limits of $766,550 (2024).
Ready to See If You Qualify?
Get pre-qualified in minutes. No obligation, no hard credit pull.
Takes about 2 minutes. Free consultation included.