Physician Loan

What is it?

The decision to care for others is honorable but often comes with the burden of substantial student loan debt. If you are a resident, recent med school grad, or in the early stage of your career, the Doctor Loan is designed just for you. This program offers terms that benefit home buyers like yourself, who have great earning potential.

Features and Benefits

  • Low down payment 
  • Loan amounts up to $850,000 
  • 5/1 and 7/1 adjustable-rate mortgage options available 
  • Deferred student debt may be excluded from payment ratios¹ 
  • Interested party contributions allowed 

Who is able to get a doctor loan?

Eligible borrowers include a medical resident (with educational license), medical doctor (MD), doctor of dental science (DDS), doctor of dental medicine or surgeon (DMD), doctor of optometry (OD), doctor of ophthalmology (MD), doctor of osteopathy (DO), doctor of pediatric medicine (DPM) 

 ¹Only the medically licensed borrower is eligible for exclusion. Deferment must be 12 months beyond closing date. Purchase and rate/term refinance. Primary residence only. Some restrictions may apply. All borrowers are subject to credit approval. Programs subject to change without notice. Underwriting terms and conditions apply. Rev 0916.