Doctor Loan Program

What Is a Doctor Loan?

A doctor loan is a mortgage program designed for eligible medical professionals whose financial profile may not fit neatly into a standard mortgage structure. Many doctors, residents, fellows, and other licensed professionals have strong long-term income potential but may also be carrying student debt or may not want to tie up a large amount of cash in a down payment.

Doctor Loan Program Highlights

Our doctor loan program highlights include:

• 100% financing or 0% down payment

• No mortgage insurance (PMI)

• Loan amounts up to $2 million

• Primary residence only

For eligible medical professionals, this can be a strong alternative to a standard conventional mortgage, especially when preserving cash is a priority.

Who May Be Eligible?

This program is available for eligible licensed professionals, including:

• Medical Doctor (MD)

• Doctor of Osteopathy (DO)

• Doctor of Dental Science or Surgery (DDS)

• Doctor of Dental Medicine (DMD)

• Doctor of Ophthalmology (MD or DO)

• Doctor of Psychiatry (MD or DO)

• Doctor of Pharmacy (PharmD)

• Doctor of Veterinary Medicine (DVM or VMD)

• Doctor of Podiatric Medicine (DPM)

• Certified Registered Nurse Anesthetist (CRNA with DNAP or DNP)

• Medical residents, fellows, or interns with one of the eligible degrees above

Eligibility is subject to full review of the loan scenario, documentation, and program guidelines.

Why Medical Professionals Consider a Doctor Loan

Many medical professionals finish school or training with strong future earning potential but do not necessarily want to use a large amount of cash for a down payment. A doctor loan may make sense for borrowers who want to:

• Buy a home with little or no down payment

• Avoid monthly PMI

• Preserve savings for reserves, relocation, furnishing a home, or other expenses

• Use a specialized mortgage program built around eligible medical professions

Doctor Loan vs Conventional Mortgage

A doctor loan and a conventional mortgage can both be strong options, but they solve different problems.

A conventional mortgage may be a good fit for borrowers who want a standard loan structure and may already have funds available for a down payment. A doctor loan may be more attractive for eligible medical professionals who want to preserve cash, avoid PMI, and take advantage of financing designed specifically for their profession.

The best choice depends on the full picture, including:

• Down payment available

• Loan amount

• Monthly payment

• Interest rate

• Cash reserves

• Long-term financial goals

Primary Residence Only

This doctor loan program is for primary residences only. It is not intended for second homes or investment properties.

If you are buying a primary home and meet the professional eligibility requirements, this program may be worth comparing against other mortgage options.

Loan Amounts Up to $2 Million

This program is designed for borrowers who may need more flexibility than a typical low-down-payment mortgage. Eligible borrowers may qualify for loan amounts up to $2 million, subject to full underwriting review and program guidelines.

No PMI Doctor Loan

One of the biggest benefits of this program is that qualified borrowers may purchase a home with no mortgage insurance (PMI). For many medical professionals, that can help improve monthly affordability compared with other low-down-payment financing options.

100% Financing for Eligible Doctors and Medical Professionals

Qualified borrowers may be able to buy a home with 100% financing, which means 0% down payment. For eligible medical professionals, this can be a major advantage when compared with mortgage options that require a down payment or monthly mortgage insurance.

Doctor Loan FAQs

What is a doctor loan?

A doctor loan is a mortgage program designed for eligible medical professionals and certain other licensed healthcare borrowers.

Can I buy a home with no down payment?

Qualified borrowers may be eligible for 100% financing, which means 0% down payment.

Does this doctor loan require PMI?

No. This program does not require mortgage insurance (PMI).

What is the maximum loan amount?

Loan amounts are available up to $2 million, subject to qualification and underwriting.

Can this program be used for investment property or second homes?

No. This program is for primary residences only.

Who qualifies for the doctor loan program?

Eligible licensed professionals may include MDs, DOs, DDSs, DMDs, PharmDs, DPMs, CRNAs with DNAP or DNP, certain veterinarians, and medical residents, fellows, or interns with eligible degrees.

Doctor Loan Program in Indiana

We help eligible medical professionals throughout Indiana compare doctor loan options for primary residence purchases. If you are a physician, dentist, pharmacist, podiatrist, veterinarian, CRNA, resident, fellow, or intern with an eligible degree, we can help you review whether this program is the right fit for your home purchase goals.

Ready to Compare Your Doctor Loan Options?

If you are an eligible medical professional looking to buy a primary residence, we can help you compare this doctor loan program against other mortgage options to determine the best fit for your situation.