Physician Mortgage Options for Relocation
Designed for residents, fellows, and attendings relocating — including contract-based approvals, student-loan handling, and low-down options.
“I didn’t think I could close before my first paycheck. Using my signed contract worked.”
— Internal Medicine, CA- Qualified with signed employment contract (no first pay stub yet)
- No PMI with low down payment; physician program overlays applied
- Closed ~3 weeks after contract; moved in before orientation
“Monthly payment mattered most. Dropping PMI made the numbers work.”
— Pediatrics Fellow, NY- Used fellowship contract; student loans documented per program rules
- Won offer with short appraisal contingency; no monthly PMI
- Total payment beat conventional despite rate optics
“Appraisal came in a bit low. We reworked credits and still closed before I started.”
— Anesthesiology Resident, TX- Pre-underwritten with contract-only income
- Seller credit covered most variance after low appraisal
- Closed ~1 week later than target; still before start date
Representative scenarios; not a commitment to lend. Eligibility, terms, and timelines vary by profile and state. Equal Housing Opportunity.
Home Financing, Simplified for Physicians.
Step 1
Request Help (60 seconds)
Tell us where you're headed and your role. No credit pull, no pressure.
Step 2
Speak With a Licensed Specialist
If helpful, you can speak with one physician‑loan specialist licensed in your state.
Step 3
Ask Questions or Start the Process
Explore your options, ask questions, or begin the process — only when you're ready.
Why Doctors Choose Physician Loans
There are five unique features designed specifically for your career stage.
- 💰 0–10% Down Payment
Start your home journey with little to no money down. - 📅 Close Before Your First Paycheck
Use your signed contract to close up to 90 days before starting work. - 🎓 Student Loan Friendly
Most programs don’t count med school debt against you. - 🛡️No PMI
No monthly private mortgage insurance required on many options. - 🏡 High Loan Limits
Qualify for up to $2M+ depending on your state and income.
What do the banks get out of this?
- ✓ Rates/fees can be slightly higher than a conventional loan with 20% down — you trade cash up front for speed and flexibility.
- ✓ Relationship banking: some lenders want you to open a checking or savings account.
- ✓ Low default risk: physicians are strong long‑term customers with rising income.
- ✓ Cross‑sell potential over time (mortgage now, wealth/credit later).
Who qualifies
Physician home loans are designed for medical professionals with unique training timelines and student‑debt profiles. Lenders evaluate future earning potential and employment contracts, not just current pay stubs.
Key advantages: student loans often receive favorable treatment, low or no down payment options are available, and many programs don’t require PMI.
Exact eligibility varies by lender and state. If helpful, you can request a text with a licensed specialist (no spam).