Question 1

Who qualifies for a doctor loan?

Accepted Answer

Doctor loans are typically available to medical residents, fellows, and practicing physicians (MD, DO), dentists (DDS, DMD), and often veterinarians (DVM) and podiatrists (DPM). Some programs extend to nurse practitioners and physician assistants.

Question 2

How much do I need for a down payment?

Accepted Answer

Most physician loan programs allow 0% down up to $1 million and 5%-10% down for higher loan amounts, without requiring private mortgage insurance (PMI).

Question 3

How are student loans treated?

Accepted Answer

Unlike conventional guidelines, doctor loan underwriting typically uses the income-based repayment (IBR) amount, or excludes deferred student loans altogether, making it much easier to qualify with high student debt.

Question 4

Can I use a doctor loan before I start my job?

Accepted Answer

Yes. Many programs let you close up to 60-90 days before your employment start date using a signed offer or contract, so you can move in before day one of residency or your new practice.

Doctor Loans

Doctor Loan FAQs

Start Your Physician Loan