Medical professional loans — commonly called doctor loans or physician loans — are built around a career that starts with large student debt and a signed contract rather than years of pay stubs. They exist because standard underwriting handles that combination badly.
The differences that matter: student loan debt is often treated more favorably than it would be on a conventional file, low down payment options are available at loan amounts where a conventional loan would demand more, and some programs will qualify you on an employment contract that starts shortly rather than income you have already received. Private mortgage insurance is frequently avoidable.
Eligibility varies by lender and by profession — physicians, dentists, veterinarians, pharmacists, optometrists and others are covered by different programs, and residents, fellows and attending physicians are treated differently again. Tell us your degree, your stage and your contract, and we'll match it to a lender.
