Homeownership can feel like a distant goal for many doctors, especially those just out of medical school or in the early stages of their careers. Years of rigorous training, student loan debt and delayed income can make it tough to qualify for traditional mortgage programs. But the Doctor Loan Program is a physician mortgage loan designed to help medical professionals achieve their dream of owning a home – sooner and with fewer financial hurdles.

This doctor-specific mortgage program is built with the unique career trajectory of physicians, dentists and other high-earning medical professionals in mind. From flexible qualification criteria to no down payment options, it’s designed to work with your lifestyle – not against it.

Let’s dive in and see how the program works, who qualifies and why it’s one of the most competitive doctor loan programs out there.

physician mortgage loan - doctor loan

What is a Doctor Mortgage Loan?

The Doctor Loan Program is a specialized mortgage product for medical professionals. It’s designed to give doctors easier access to home financing – especially at times in their careers when traditional lenders may view them as too risky due to high student loan debt or limited work history.

By accounting for the future earning potential of doctors and offering underwriting flexibility, this program creates a faster and more affordable path to homeownership.

Who Qualifies?

The Physician Loan Program is for a wide range of medical professionals, including:

  • Medical Doctors (MD)
  • Doctors of Osteopathic Medicine (DO)
  • Dentists (DDS and DMD)
  • Podiatrists (DPM)
  • Veterinarians (DVM)
  • Optometrists (OD)
  • Pharmacists (PharmD)
  • Chiropractors (DC)

Newly licensed doctors, residents and even doctors in the final year of medical school or residency may also qualify. This broad eligibility makes it accessible whether you’re just entering the field or already a practicing physician.

Features of the Doctor Loan Program

1. Zero or Low Down Payment Options

Doctors can finance up to 100% of the purchase price of the home, no need to save for a traditional 20% down payment. This is especially helpful for young professionals who haven’t had time or income to accumulate large savings. For more expensive properties, down payment requirements are still favorable:

  • Up to 100% financing on loans up to $1,000,000
  • 5–10% down on homes up to $1.5 million (based on qualifications)

2. No Private Mortgage Insurance (PMI)

PMI is required on conventional loans with less than 20% down. The Doctor Loan Program waives PMI entirely, saving borrowers hundreds of dollars a month.

3. Student Loan Flexibility

One of the biggest hurdles doctors face is student loan debt. The Moreira Team’s Doctor Loan Program accounts for this by using reduced monthly student loan payments in debt-to-income (DTI) calculations—or in some cases, excluding them altogether if deferred.

This makes qualifying for a mortgage more realistic and less stressful for borrowers with six-figure student debt.

4. Early Career Employment Accepted

You don’t need years of job history. The program will accept a signed employment contract as proof of future income—up to 90 days before the employment start date. This means you can buy and move into your home before you even start working.

5. Competitive Interest Rates

Even with no PMI and low down payments, the program offers competitive mortgage rates. Depending on your credit score and financial picture, you can get a rate that rivals—or beats—conventional loans.

6. Fixed and Adjustable-Rate Options

The program includes both fixed-rate mortgages and ARM (adjustable-rate mortgage) options to fit your financial strategy. Many early-career doctors choose an ARM during residency with plans to refinance once their income rises.

7. No Prepayment Penalties

If your income grows or you want to refinance down the road, the program allows early repayment with no penalties. You have full control over how fast you pay off your loan.

Real-Life Scenarios Where This Program Excels

🏠 A Resident Moving to a New City

Imagine you’re a dental resident moving to a new city for a new job. You have student loans, limited savings and a job that doesn’t start for 60 days. A traditional lender would decline your application. But with a signed offer letter and your degree, the Moreira Team’s program can get you approved—often with no down payment or PMI.

đź©ş An Established Doctor Upsizing

Let’s say you’re a practicing doctor wanting to buy a $1.4 million home. You can put down 5–10% and no PMI, so you have more flexibility to keep your cash invested or cover business expenses.

🧑‍⚕️ A New Graduate Looking for Stability

If you just graduated med school and want to lock in housing before your residency starts, this program allows for early closing even with minimal job history.

How the Physician Mortgage Loan Works

The Moreira Team makes the mortgage process simple and personal. Here’s an overview:

Step 1: Pre-Approval

Start with a free pre-qualification call or online app. A dedicated loan officer will go over your financials, discuss your goals and estimate your buying power.

Step 2: Document Submission

You’ll provide:

  • Medical degree/license
  • Employment contract or offer letter
  • Proof of identity and income (if applicable)
  • Credit report and bank statements

Your student loans will also be reviewed—but they’re often treated more leniently than with other lenders.

Step 3: Loan Customization

Based on your needs, the Moreira Team will recommend the best mortgage structure—fixed vs. ARM, 15 vs. 30-year term, etc.

Step 4: Approval & Underwriting

Once all docs are in, the underwriting process is fast. Since they specialize in doctor loans, they know how to get these deals closed quickly.

Step 5: Closing & Move-In

After approval, you’ll close and—if applicable—move in before your job even starts. That’s it.

Why Choose the Moreira Team for Your Loan?

There are many lenders that offer physician loan programs—but not all are created equal.

The Moreira Team stands out for:

  • Specialization in doctor loans: We’ve built ourprocess and service model around medical professionals.
  • Speed and efficiency: We’ve helped many doctors close quickly—even on tight schedules.
  • National reach: We’re licensed in multiple states and offer remote support.
  • Relationship-focused: You’re not just a number in the system—you’ll get personal service every step of the way. Our service is always praised for being responsive, friendly and knowledgeable—a big plus when navigating the home financing maze.

FAQs

Is this only for first-time homebuyers?

No! The Doctor Loan Program is open to both first-time buyers and repeat homebuyers.

Can I use this program for refinancing?

Yes, refinancing options are available, but terms may vary depending on your equity and financial profile.

What if I have a lower credit score?

While good credit is helpful, the team looks at the whole picture—including future income and professional background. In many cases, they can still help.

Can I buy a second home or investment property?

This loan is for primary residences only. If you’re looking for investment property financing, they can discuss other options.

Conclusion

If you’re a doctor looking to buy a home, the Doctor Loan Program is one of the most flexible and doctor-friendly mortgage programs out there. 100% financing, no PMI, student loan friendly underwriting—it’s designed for the way doctors live and work.

Whether you’re just starting residency, transitioning to a new practice or just tired of renting, this program is the smarter, faster way to homeownership.

Don’t let traditional mortgage hurdles hold you back from homeownership—take advantage of a program made for you.

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