Physician Mortgage Programs

Why Physician Mortgages?

As a physician, you face unique financial challenges that traditional mortgage lenders often don't understand. High student loan debt, limited work history as a resident, or a new employment contract shouldn't prevent you from achieving homeownership.

Our physician mortgage programs were developed specifically with doctors in mind. We understand that your student loans are an investment in your future earning potential, not just another liability.

Who Qualifies?

• Medical Doctors (MD)
• Doctors of Osteopathic Medicine (DO)
• Dentists (DDS, DMD)
• Podiatrists (DPM)
• Optometrists (OD)
• Veterinarians (DVM)

Program Benefits

• 100% financing with competitive pricing and unique qualifying criteria on various loan products
• No down payment required
• Primary residence only
• Purchase or refinances (no cash-out)
• Fixed and variable rate options
• Student loans deferred greater than 12 months from closing are not considered in debt to income ratio
• Specialty underwriting for 1099 and contract employees
• Discounted 0.125% interest rate option available for borrowers who have a qualifying BOKF checking/savings account and agree to make mortgage payment via ACH from that account

What is a physician mortgage loan?

A physician mortgage loan is a specialized home loan program designed specifically for medical professionals. These loans recognize the unique financial situation of doctors, including high student loan debt and strong future earning potential, allowing for more flexible qualification requirements.

Can I qualify as a resident?

Yes! One of the biggest advantages of physician mortgage loans is that residents can qualify using their employment contract or letter from their residency program. You don't need pay stubs or a long employment history.

Do physician loans have higher interest rates?

Physician mortgage rates are typically very competitive with conventional loans, often within 0.125% to 0.25% of conventional rates. The savings from no PMI and 0% down payment usually outweigh any rate difference.

How do student loans affect qualification?

This is where physician loans excel! Unlike conventional loans that use your full student loan balance, physician mortgage lenders use your income-driven repayment (IDR) amount or may exclude deferred student loans entirely.

What credit score do I need?

Most physician mortgage lenders require a minimum credit score of 680-700. Some programs accept scores as low as 660, especially for residents and fellows with strong employment contracts.

Can I use a physician loan for an investment property?

Most physician mortgage programs are designed for primary residences only. However, some lenders allow second homes or vacation properties for attending physicians.