MEDICAL PROFESSIONAL HOME LOANS
Specialized Mortgage Options for Doctors and Medical Professionals
A Medical Professional home loan is a specialized mortgage designed for eligible doctors and other medical professionals whose finances may not fit neatly within traditional mortgage guidelines.
Medical professionals may have significant student loan debt, be completing a residency or fellowship, be relocating for a new position, or have future earning potential that isn’t fully reflected in their current income.
For qualified borrowers, a Medical Professional loan can provide greater financing flexibility when purchasing or refinancing a primary residence.
Medical Professional Loan Benefits
Depending on your qualifications, loan amount and property, this program may offer:
Up to 100% Financing
Available for eligible borrowers.
No PMI Required
No private mortgage insurance required.
Loan Amounts up to $2 Million
Purchase & Refinance
Purchase and rate-and-term refinance options for a primary residence.
Fixed & Adjustable Rates
Student Loan Flexibility
Special consideration of student loan payments for qualifying medical residents and fellows.
Projected Income May Be Considered
Potential qualification using projected income from an eligible employment contract or offer letter.
Gift funds may also be used toward eligible down payment, closing cost and reserve requirements.
Maximum financing and other eligibility requirements vary based on credit qualifications, loan amount and individual circumstances.
Who Is Eligible for a Medical Professional Loan?
Eligible medical professionals may include:
Physicians
Medical Doctors (MD)
Doctors of Osteopathy (DO)
Dental Professionals
Dentists (DDS/DMD)
Pharmacy & Veterinary
Pharmacists (PharmD)
Veterinarians (DVM/VMD)
Other Eligible Professionals
Podiatrists (DPM)
Certified Registered Nurse Anesthetists (CRNA)
Nurse Practitioners (NP)
Residents, Fellows & Interns
Medical residents, fellows and interns holding an eligible professional degree may also qualify.
At least one borrower whose income is used to qualify must meet the program's eligible medical professional requirements.
Can You Buy a Home Before Starting Your New Medical Position?
Potentially, yes.
One of the most useful features of this Medical Professional loan program is the ability, in certain circumstances, to qualify using income documented by an eligible employment contract or offer letter.
The program permits an employment start date of up to 150 days after the mortgage Note date when its requirements are satisfied.
This can be particularly helpful for medical professionals relocating for a new position or transitioning from residency or fellowship into practice.
What About Medical School Student Loans?
Student loan debt doesn't necessarily prevent a medical professional from qualifying for a mortgage.
For Qualifying Residents and Fellows
For borrowers who are currently in—or will be entering—a qualifying residency or medical clinical fellowship program, certain student loan payments in deferment, forbearance or reporting $0 under an income-based repayment plan may be excluded from the debt-to-income ratio when program requirements are met.
For Other Medical Professionals
For other medical professionals, the qualifying treatment of student loans depends on the loan's repayment status and documented payment.
Is a Medical Professional Loan the Best Mortgage for You?
A Medical Professional loan can provide valuable flexibility, but being eligible doesn’t automatically mean it is the best mortgage option.
At Platinum Lending Solutions, we compare the available financing options based on your income, student loans, assets, credit profile, employment timeline and homebuying goals.
As an independent mortgage broker serving Oregon and Washington, our goal is to help you determine which available mortgage structure makes the most sense for your individual situation.
Request a Medical Professional Loan Consultation
Whether you're completing residency, beginning a new medical position, relocating, or already established in your career, we're happy to help you explore your options.
Have Questions About Medical Professional Financing?
Medical Professional loan programs are subject to credit approval, underwriting requirements, property eligibility, loan limits and program availability. Program terms and eligibility are subject to change. Not all borrowers or properties will qualify.
