Physician & professional loans
The house doesn't have to wait for the balance sheet.
Physician programs put 0-10% down on the table at high loan amounts with no PMI, count student debt at your real IBR payment, and close on a signed contract before you start.
Program snapshot
Physician loans at a glance
- Down payment
- 0-10% by loan amount
- Mortgage insurance
- none
- Student loans
- IBR payment counts
- Start date
- close on the contract first
- Who
- MDs, DOs, dentists, vets +
Program menus from portfolio and specialty wholesale lenders. Eligible professions, tiers, and terms vary by lender and change without notice. Not an offer or approval.
A decade of training should count for something.
Physician programs exist because your earning curve is one of the safest bets in lending. We shop the lenders who price it that way.
0%
down on select tiers, no PMI ever
High leverage without the insurance bill
Physician programs run 0 to 10% down at loan amounts well past conforming, and none of them charge monthly mortgage insurance. The degree and the contract stand in for the down payment history you haven't had time to build.
- 0% down to generous amounts, tiers step up from there
- No PMI at any down payment
- Loan sizes that fit physician markets
IBR
is how your student debt counts
Student loans, counted fairly
Standard underwriting can hit six-figure student debt with a payment you don't actually pay. Physician programs use your income-based repayment amount instead, and loans deferred well past closing can be excluded entirely on select menus.
- IBR payment counts, not a percentage of the balance
- Deferred loans excluded on select programs
- Six figures of MD debt is normal here
90 days
before your start date, on select programs
Close on the contract
A signed employment contract can qualify you before the first paycheck lands. Buy near the new hospital during the move instead of renting for a year, timed so you close before day one.
- Signed contract stands in for pay stubs
- Built for relocation and match season
- New attendings, fellows, and residents
Built for the arc of a career
From match day to attending: every stage has a program.
Still in residency or fellowship
Resident income doesn't have to wait for attending income. Programs qualify residents and fellows on current stipends and the trajectory the training implies, so the first house can happen during training, not after it.
Beyond the MD
DOs, dentists, oral surgeons, and veterinarians sit inside most physician menus, and select programs extend the same structure to attorneys, CPAs, and pharmacists. If your license took a decade, there's likely a program that respects it.
Moving on a deadline
Match day, a new attending contract, a practice purchase across the country. These files run on timelines, and a team that closes physician loans as a specialty knows how to hit the date before the white coat goes on.
Buying ahead of the income curve
Early-career professionals often need the house before the balance sheet catches up to the earning power. That's the exact bet physician programs were designed to make, at loan sizes conventional 3% down can't reach.
Contract to keys, on your timeline.
- 1
Send the contract and the story
Where you're headed, when you start, what the student loans look like. Offer letter or contract is enough to begin.
- 2
We match the professional menu
Physician tiers quoted against conventional and jumbo alternatives, so you pick the structure that actually wins.
- 3
Close before day one
Keys in hand before the first shift, with a payment that was planned around the real numbers.
The quick eligibility check.
- MDs, DOs, dentists, vets
- Attorneys and CPAs on select programs
- 0-10% down by loan amount
- No PMI
- IBR student-loan treatment
- Close on an employment contract
Price point past the physician tiers? Jumbo and super jumbo picks up where they stop, and conventional is always quoted alongside so the comparison is honest.
Straight answers
What exactly is a physician loan?
A portfolio program built around early-career medical earnings: low or no down payment at high loan amounts, no mortgage insurance, student debt counted at what you actually pay, and an employment contract accepted in place of pay history. Lenders offer it because physician default rates are among the lowest of any profession.
Who qualifies as a 'physician' for these programs?
MDs and DOs are universal. Dentists, oral surgeons, and veterinarians are on most menus. Select programs extend to attorneys, CPAs, pharmacists, and other advanced-degree professionals. Eligibility and terms vary by lender, which is exactly why shopping the category matters.
How is my student debt treated?
On physician programs, your income-based repayment amount is what counts against you, not the inflated percentage-of-balance payment standard underwriting can impose. Loans in deferment well past closing can be excluded entirely on select menus. On a typical MD balance that difference alone can decide the approval.
Can I buy during residency?
Yes. Residents and fellows qualify on their stipend, and many programs let a signed fellowship or attending contract carry the file when the move comes. Whether buying during training beats renting is a math conversation we'll have honestly.
How much can I borrow at 0% down?
Tiers vary by lender: 0% down typically reaches a generous threshold, then steps to 5% and 10% down at progressively higher loan amounts. We quote the ladder across lenders so you can see exactly what your target price point requires.
Is the rate higher than a conventional loan?
Sometimes slightly, sometimes not, and with no PMI the total payment often wins anyway. We quote the physician program against conventional and jumbo alternatives side by side, and you pick the one that actually costs less. If conventional wins, we'll say so.
You matched. Now match the mortgage.
Two minutes to send your scenario. No cost, no obligation, and a team that quotes the physician menu against everything else, so the winner is the math.
Guthix Lending • NMLS# 2672037 · Physician and professional loan programs are portfolio products subject to profession, degree, credit, reserve, and employment-documentation requirements that vary by lender and tier, and change without notice. Down payment tiers depend on loan amount; 0% down applies to select programs and amounts. Student-debt treatment, contract-based closing windows, and eligible professions vary by program. Not all borrowers will qualify. This is not a commitment to lend or an offer of specific terms.