Welcome or Register

Doctor Home Loan

Does the Doctor Need a House?

If student loans are preventing you from buying the home you love, the new Doctor Home Loan program may be able to help!

When training to be a physician, it can feel like you’re stuck in a state of arrested development. In your early 20s, everyone else is starting a career while you’re still going to school. In your mid-20s, everyone is getting married and starting a family while you’re a busy resident with no social life. By the time you begin your career in earnest during your late 20s or early 30s, everyone else seems to be settled down. But while some of that is unavoidable, there’s no reason why physicians have to stand on the sidelines while everyone else buys a home

Physician mortgage loans are a special mortgage product available to doctors. Doctor home loans have fewer restrictions for borrowers than conventional loans because lenders generally trust doctors to be responsible borrowers. Doctors often apply for these mortgages when they’re in residency or shortly after graduating med school. Lenders will accept an offer letter as proof of income, which is an extremely rare scenario. Most banks want to see a stable history with a current employer. In fact, some will let you take out a mortgage months before your residency officially starts.

Typically, lenders want to see a DTI (debt-to-income) percentage of 43% or less. Since most doctors have student loans that are well over six figures, their DTI would render them ineligible for homeownership. That’s not the case with doctor home loans. Other types of loans still count toward DTI, including auto loans, credit card debt and personal loans.

There’s even better news! Doctor mortgage loans aren’t just for physicians. Just look at the list of professionals that are eligible for this loan:


Medical Resident (Educational License)
Medical Doctor (MD)
Doctor of Dental Surgery (DDS)
Doctor of Dental Medicine (DMD)
Doctor of Optometry (OD)
Doctor of Ophthalmology (MD)
Doctor of Podiatric Medicine (DPM)
Doctor of Osteopathy (DO)

Loan Highlights:

  • Loan amounts up to $650,000 with just 3% down
  • Loan amounts up to $850,000 with just 10% down
  • Loan amounts up to $2 million with 20% down
  • Deferred student loans excluded from the borrower’s debt-to-income (DTI) ratio if student loan payments are deferred at least 12 months after the home’s closing date
  • Gift funds may be allowed (Three (3%) percent of the down payment must come from the borrower’s own resources. Remaining funds may come from a gift,)
  • Available for purchase and rate/term refinance of primary residences.

Property Type:   

  • Single Family - Primary Residences Only
  • Fannie or Freddie Warrantable Condos
  • Properties Located in Maryland and DC

Documentation Requirements:      

  • Self-Employed
  • One year minimum self-employment with most recent signed personal and business tax returns.       

For more information about this loan fill out the contact me form.


eNewsletter Sign Up     


agent photo
Margeau Gilbert
Exit Right Realty
8730-16 Cherry Lane
Laurel, MD 20707
Direct: 240-462-1955
Office: 301-362-4500

Email   Website

Contact Me

* fields are required

Margeau Gilbert | 240-462-1955 | Contact Me
Exit Right Realty - 8730-16 Cherry Lane - Laurel, MD 20707
Office: 301-362-4500
Copyright © 2018, All Rights Reserved

Equal Housing OpportunityMLS membershipREALTORĀ® certificationWCR - Womans Council of RealtorsAt Home With DiversityAccredited Home Staging SpecialistCertified Distressed Property Expert