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Buying your first home as a newly minted doctor can feel both exciting and overwhelming. With substantial student debt and limited savings, qualifying for a traditional mortgage may seem out of reach—even with a six-figure salary. That’s where physician home loans come in.
These specialized mortgages are designed for medical professionals, offering 0–10% down payment options and more flexible underwriting. If you’re earning $200K or more, you might be closer to homeownership than you think.
What Is a Physician Home Loan?
A physician home loan, also known as a doctor mortgage, is a type of mortgage loan created specifically for medical professionals. These loans offer several advantages over conventional loans:
- Low or zero down payment (0–10%)
- No private mortgage insurance (PMI)
- Higher debt-to-income ratio allowances
- Favorable terms even with high student loan debt
These features make it easier for doctors, especially residents or recent attendings, to purchase a home early in their careers.
Who Qualifies for a Physician Loan?
Most physician mortgage programs cater to:
- MDs (Medical Doctors)
- DOs (Doctors of Osteopathic Medicine)
- DMDs and DDSs (Dentists)
- In some cases: DVMs, PharmDs, and other high-income health professionals
Lenders typically require:
- Proof of employment or contract (especially for recent grads)
- A minimum credit score of 680–720
- A signed employment offer if you’re within 90 days of starting
Key Benefits for $200K+ Salary Earners
If you’re earning $200,000 or more annually, you’re a prime candidate for physician home loans. Here’s why:
1. No PMI, Even with Low Down Payments
Unlike standard loans, physician loans waive PMI, even with less than 20% down. This could save you thousands annually.
2. Zero to 10% Down Options
Many lenders allow 0% down on loans up to $1 million and 10% down on loans up to $2 million.
3. Favorable Debt-to-Income Ratios
High student loans? No problem. Physician mortgages often exclude or reduce student loan payments in DTI calculations.
Ready to explore physician loans? Start your application here or speak with a mortgage advisor today.
Top Lenders Offering Physician Loans
Here are a few leading banks that offer competitive doctor home loans:
- TD Bank – 0% down up to $750K, no PMI
- Huntington Bank – Offers loans up to $2M with flexible underwriting
- PNC Bank – Strong options for residents and attendings
- Laurel Road – Tailored for early-career physicians
Compare top physician mortgage lenders in our Doctor Mortgage Comparison Guide.
Physician Mortgage vs. Conventional Loan
| Feature | Physician Loan | Conventional Loan |
| Down Payment | 0–10% | 5–20% |
| PMI Required? | No | Yes if <20% down |
| Student Debt Flexibility | Yes | Limited |
| Loan Limits | Up to $2M+ | Typically $726,200 (2025) |
| Interest Rate | Slightly higher | Lower with 20% down |
How to Apply for a Physician Loan
- Check your credit score – Aim for 700+
- Get pre-approved – Upload proof of employment and income
- Compare lenders – Look for competitive rates and fees
- Secure your financing – Lock in your rate and submit your offer
Need help comparing lenders? Speak with one of our mortgage specialists here for personalized support.
FAQ: Physician Home Loans
Do physician loans require proof of income?
Yes. You’ll need an employment offer or contract. Some lenders accept a signed offer letter if you haven’t started yet.
Can I get a physician loan with student debt?
Absolutely. Lenders often ignore or reduce monthly student loan payments in debt-to-income calculations.
Are there limits on how much I can borrow?
Yes, but they’re generous—often up to $2 million with 10% down. Some banks offer $1 million with 0% down.
Read Next
- Physician’s Loan Understanding Your Financing Options
- Physician’s Financial Guide 5 Essential Steps to Take
Final Thoughts
For doctors earning $200K or more, physician home loans can be a smart way to purchase a home early—without needing to save for years. With 0–10% down, no PMI, and flexible guidelines, these loans are tailor-made for your unique financial journey.
Ready to take the next step? Apply now or schedule a free consultation with our home loan experts.
Get Expert Financing
- Matched with investor-friendly lenders
- Fast pre-approvals-no W2s required
- Financing options fro rentals, BRRRR, STRs
- Scale your portfolio with confidence
Our advice is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.
