Exclusive Home Financing for Medical Professionals
MortgageDepot’s Doctors Program, also known as a Physician Loan, provides a path to homeownership with up to 100% financing and no private mortgage insurance (PMI). Medical professionals often face unique financial circumstances, including high student loan balances, delayed income growth during training, and the need to relocate for career opportunities. By eliminating PMI and allowing for high LTV financing, we empower medical professionals to purchase a primary residence without depleting their savings.
Eligible Medical Professionals
This program supports both early-career professionals and experienced practitioners, recognizing the strong earning potential and long-term financial stability associated with medical careers.
At least one borrower must hold one of the following medical designations:
- Medical Doctor (MD)
- Doctor of Osteopathy (DO)
- Doctor of Dental Surgery (DDS)
- Doctor of Dental Medicine (DMD)
- Doctor of Pharmacy (PharmD)
- Doctor of Veterinary Medicine (DVM / VMD)
- Doctor of Podiatric Medicine (DPM)
- Certified Registered Nurse Anesthetist (CRNA)
- Medical residents, fellows, and interns with qualifying medical degrees
Program Highlights and Benefits
MortgageDepot’s Medical Professional Loan Program offers premium financing advantages:
- Financing available from 90.01% up to 100% LTV for qualified borrowers
- No PMI required, even with high loan-to-value financing
- Maximum loan amount up to $2,000,000
- Maximum debt-to-income ratio up to 50%
- Minimum credit score of 680
- Fixed-rate mortgage options: 15, 20, 25, and 30-year terms
- Adjustable-rate mortgage options: 5/6, 7/6, and 10/6 ARMs
- Primary residence financing only
- 1-unit properties eligible
- Purchase and Rate-and-Term Refinance options available
- Non-occupying co-borrowers permitted
- Gift funds allowed for reserves
Our Doctors Program offers a financing solution tailored to your profession. Our team specializes in structuring mortgage solutions that align with your current income, future earning potential, and long-term financial goals.
If you are a medical professional seeking high-LTV mortgage financing with no PMI, our Doctors Program is for you. Contact our team to explore your options.
