Physician Loan Estimator
Total Monthly Payment (PITI):
Includes estimated tax and insurance.
Explore physician mortgage loans designed for MDs, DOs, and residents. Benefit from $0 down payment, no PMI, and flexible debt-to-income ratios that account for student loans. Secure your dream home with a lender who understands the medical career path.
Physician Mortgage: Frequently Asked Questions
What is a Physician Mortgage Loan?
A physician mortgage (or "doctor loan") is a specialized home financing product for medical professionals. It allows for high loan-to-value ratios (often 100% financing) and does not require Private Mortgage Insurance (PMI), acknowledging the high earning potential and unique debt profile of doctors.
How does this estimator handle student loan debt?
Unlike standard calculators, our Physician Loan Estimator accounts for "favorable DTI" (Debt-to-Income) treatment. Many lenders exclude deferred student loans or use only 0.5% of the balance in their calculations, allowing you to qualify for a larger home even with high medical school debt.
Can I use this tool if I haven't started my residency yet?
Yes. Most physician loan programs allow you to close on a home up to 90 days before your start date, provided you have a signed employment contract. Our tool helps you estimate payments based on your future attending or resident salary.
Do physician loans have higher interest rates?
Physician loans may have slightly higher interest rates than a conventional 20%-down mortgage, but they are often cheaper than a low-down-payment conventional loan because you avoid the monthly cost of PMI, which can save you $200–$500 per month.
What degrees qualify for a physician loan?
While requirements vary by lender, most programs cover MDs, DOs, DDSs, and DMDs. Many also include DVMs (Veterinarians), DPMs (Podiatrists), and ODs (Optometrists). Some lenders even extend these benefits to Physician Assistants (PAs) and Nurse Practitioners (NPs).
Is there a limit to how much I can borrow with 0% down?
Most lenders offer 100% financing up to $750,000 or $1,000,000. For "Jumbo" amounts (up to $2M+), a small down payment of 5% to 10% is typically required. Use our estimator to see how your down payment affects your loan limit.