Top Physician Mortgage Loans for Doctors in 2025
Physician mortgage loans can offer specialized financial solutions for doctors navigating the homebuying process. Whether you’re just starting your residency or are an established medical professional, these loans provide benefits like low down payments, no private mortgage insurance (PMI), and favorable underwriting based on projected income. Below are some of the top physician mortgage options available in 2025.
Bank Of America Physician Loan
Best for: Great Rates Without Private Mortgage Insurance (PMI)
- No PMI even with down payments as low as 5%
- Loan terms up to 30 years
- Approval based on future earning potential
Navy Federal Credit Union Physician Loan
Best for: Military Doctors Who Need Flexible Credit Options
- 0% down payment options
- No PMI required
- Fixed or adjustable rates available
- Available to service members, veterans, and their families
- Approval considers future income
Quicken Loans Physician Mortgage
Best for: Online Application and Digital Experience
- No PMI on several loan options
- Considers student debt in eligibility
- Available for residents, fellows, and practicing physicians
- Flexible down payments
Truist Physician Loan Program
Best for: Doctors With Student Debt and Limited Cash Upfront
- Student loan flexibility in debt-to-income (DTI) calculations
- Low down payment options
- Loan amounts based on projected earnings
- Designed for early-career doctors
Fifth Third Bank Doctor Loan
Best for: New Doctors With Minimal Savings
- No PMI even with low down payments
- Future income considered during underwriting
- Lenient DTI ratio for applicants with student debt
- Fast, streamlined application process
TD Bank Physician Mortgage Loan
Best for: Self-Employed Doctors and Specialists
- 5% down payment minimum
- No PMI on many loan types
- Flexible income documentation for self-employed doctors
- Specialized advisors and competitive rates
Wells Fargo Physician Loan
Best for: Discounts and Flexible Coverage Based on Medical Specialty
- Approval accounts for residency and fellowship
- Discounts available for specialties like surgery and anesthesiology
- Considers student loan burdens in interest rate offers
Credit Human Physician Loan
Best for: Higher Loan Limits and Reduced Closing Costs
- High loan limits for expensive housing markets
- Low closing costs help reduce upfront burden
- Approval based on projected income
USAA Physician Loan
Best for: Military Doctors and Veterans
- Low down payment with no PMI
- Evaluates both physician and military pay
- Deployment and disability income considered
- Trusted lender for military families
Bank Of The West Doctor Mortgage
Best for: Residents and Fellows With Limited Paperwork
- Simplified documentation requirements
- Designed for medical professionals in training
- Flexible loan options and competitive rates
How Physician Mortgage Loans Work
Physician mortgage loans are structured specifically for medical professionals. They often
- Waive PMI even with lower down payments
- Allow higher DTI ratios due to student loans
- Use projected future income instead of current earnings
- Offer flexible underwriting for residents, fellows, and new attendings
Typical Features And Structure Of Physician Loans
- Down payments as low as 0–5%
- No private mortgage insurance
- Custom loan terms up to 30 years
- Adjustable or fixed-rate options
- Streamlined approval processes
Eligibility Criteria For Physician Mortgage Loans
Eligible participants generally include:
- Medical doctors (MDs, DOs)
- Dentists (DDS, DMD)
- Residents and fellows
- Specialists and self-employed doctors
Credit Score And Property Requirements
While requirements vary by lender, typical benchmarks include:
- Credit scores starting at 680–700
- Primary residence only (no investment properties)
- Some programs restrict property type or location
Physician Loans Compared To Other Mortgage Options
| Feature | Physician Loans | Conventional Loans | FHA Loans |
|---|---|---|---|
| Down Payment | 0–5% | 5–20% | 3.5% |
| PMI Required | No | Yes, if <20% down | Yes |
| Income Used | Future Earnings | Current Income | Current Income |
| Tailored for Doctors | Yes | No | No |
FAQs
Are physician loans available to dentists and veterinarians?
Yes, some lenders extend these offers to dentists (DDS, DMD) and veterinarians.
Do physician loans require private mortgage insurance?
Most physician loans do not require PMI, even with low down payments.
Can I get a physician loan during residency?
Yes, many programs are specifically designed for residents and fellows.
How is student debt treated in physician loan applications?
Lenders often offer flexible DTI calculations that reduce the impact of student loans.
Are these loans available for investment properties?
No, physician loans are usually for primary residences only.
Physician Mortgage Loans Tailored for Medical Professionals in 2025
Physician mortgage loans in 2025 are designed to support doctors facing challenges like student loan debt, short credit history, and limited savings. With features such as no PMI, low down payments, and approval based on future income, these loans offer a strategic path toward homeownership. Whether you’re a resident, specialist, or military doctor, there’s likely a tailored mortgage solution to meet your needs and career path.
Updated by Albert Fang
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