A physician mortgage loan or a “doctor loan” is a specific type of mortgage loan aimed at assisting medical industry professionals achieve their dreams of home ownership. Unlike other mortgage loan options, a physician loan requires zero down payment and is flexible in ways a conventional mortgage may not be. Additionally, other loan types may require that borrowers pay a Private Mortgage Insurance (PMI) if a down payment of less than 20% is made. In short, a physician loan offers a zero down payment and the ability to skip PMI. Read on for more information about a physician mortgage loan and how we can help you qualify.
Physician Loan v Traditional Mortgage
Physician loans are a specialty mortgage loan created to assist individuals in the medical field the opportunity to quality for a home loan. Conventional mortgages have clearly defined rules regarding debt to income ratios, proof of long term employment, a sizeable down payment, and without that down payment a private mortgage insurance.
Home Financing Designed for Medical Doctors
As a Medical Doctor, your path to homeownership shouldn’t be restricted by traditional lending models that fail to account for your career trajectory. Years of residency, fellowship, and student loan accumulation often create a financial profile that conventional underwriting misinterprets.
Tom Payne offers mortgage solutions specifically structured for MDs—programs that recognize your future earning power and remove unnecessary barriers so you can move forward with confidence.
Whether you are entering residency, transitioning into practice, or already established, the objective is clear: provide access to flexible, high-value financing that aligns with your profession.
Key Benefits for MDs
These physician-focused loan programs are engineered to provide meaningful advantages:
- Up to 100% financing available
- No Private Mortgage Insurance (PMI) required
- Loan amounts from $100,000 up to $3,000,000
- Designed for primary residence purchases and refinances
- Flexible underwriting that considers your profession and income trajectory
- Ability to preserve liquidity with minimal upfront cash
This structure allows you to purchase sooner—without needing to delay for large down payments.
Eligibility Requirements
To qualify, applicants typically must meet the following criteria:
- Must hold an MD degree from an accredited institution
- Employment must be based in the United States
- Employment must be expected to continue for at least 24 months
- Medical residents, fellows, and interns are eligible
- Minimum credit requirements apply based on loan size
Credit & Financing Tiers:
- 720+ credit score → up to $2,000,000 at 100% financing
- 680+ credit score → up to $1,500,000 at 100% financing
For non-permanent residents:
Financing capped at 95% loan-to-value (LTV)
Why MDs Work with Tom Payne
Tom Payne’s approach is strategic—not transactional. The focus is on structuring the right loan for your situation, not forcing you into a generic product.
You get:
- Clear guidance on qualification and loan structuring
- Access to specialized physician loan programs
- A streamlined process aligned with your timeline
- Direct support from application through closing
Apply Now
If you’re ready to move forward, apply directly through the landing page currently in use. This ensures your application is routed correctly and processed efficiently.
You can get answers to more of your questions, and speak to a physicians mortgage loan officer today.
