Loans For Practicing Physicians

A physician loan is a perfect solution for doctors about to start a new position, but it is also a great option for practicing physicians!

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Why would a practicing physician consider a physician loan?

Even with a more stable, higher income stream, wouldn’t you rather use those savings for other investments (or paying off that student debt) instead of placing it all into a down payment on your house?

With a physician loan, you can qualify for mortgages with a low to zero down payment, no private mortgage insurance (PMI), and the best rates available! In addition, physician loans typically offer higher loan limits as you purchase a larger house for a potentially growing family. Even if you are still paying off medical school debt, you can still qualify, as that debt is not counted when calculating your debt-to-income (DTI) ratio! 

Lenders understand your unique financial situation and know that practicing physicians are less likely to default on a loan statistically. Therefore they are much more flexible on loan requirements. 

Benefits of a physician loan:

  • Student loan debt is not counted into your debt-to-income ratio, qualifying you on future income for a higher-priced property loan.  
  • Low or zero down payment 
  • Seamless underwriting 
  • No private mortgage insurance (PMI) requirement. PMI is 1% of your monthly payment, on average. Think of the savings!
  • Flexible payment options
  • Higher loan limits 
  • Option to close 90-120 days before starting a new job.

Have questions about obtaining a physician loan? That is why we are here! Please reach out at any time with questions. 

Loans For Doctors

Ready to buy a home before you start a new job? You need a low-interest rate loan that includes a little to zero-down payment option, excludes student loan debt from your personal debt ratio, and allows for the use of your future income rather than current or past.

Loans For Practicing Physicians

Looking to buy your dream home but worried about putting down a large down payment or depleting your savings account? If you are earning a practicing physician's salary now, you can use that saved money for other investments. You need a loan that offers zero money down, a great rate, and no private mortgage insurance (PMI).

Loans For Residents

Whether you're just starting your medical residency or finishing up your last year, you need a constant, flexible loan offering. Flexibility matters when your financial standing, and potentially your living situation, fluctuate over three to five years. You need low rates, flexible terms, no private mortgage insurance (PMI), or money down.

Wealth Management

Working with a professional financial planner and wealth management team allows physicians to focus on their patients and family while feeling secured they are  financially pointed in the right direction.

Student Loan Refinancing

Don't less student loan debt take over your life. There are plenty of options for refinancing, even as a physician intern. The sooner you can start the better! No matter where you are in your career path, exploring options to refinance your medical student loans is always a good idea.