Medical Professional Home Loan Program
Up to 100% financing. No mortgage insurance. Flexible qualification for physicians and eligible medical professionals in 7 states.
What Is a Medical Professional Loan Program?
What Flexible Qualification Options May Be Available?
Qualification requirements vary by lender and loan structure. Depending on the lender and program guidelines:
- A limited credit history may be considered.
- Certain business funds may be considered for qualification.
- Student-loan treatment may vary.
- Signed employment contracts and projected income may be considered.
What Loan Structures May Be Available?
- Fixed-rate terms available: 15, 20, 25, and 30 years
- ARM options available: 5/6, 7/6, and 10/6 structures
What Properties May Be Eligible?
- 1-unit homes, warrantable condos, PUDs, and modular homes allowed
- Properties up to 40 acres eligible
- Appraisal transfers accepted
Mortgage Marketplace LLC is licensed to help medical professionals purchase homes in Oregon, California, Washington, Idaho, Texas, Florida, and Montana. View full licensing information.
The Medical Professional Loan Program is a specialized mortgage option for physicians and other eligible healthcare professionals who may be purchasing a home before establishing a traditional income history. Depending on the lender and program guidelines, qualification may consider employment contracts, professional credentials, and projected income in addition to traditional employment history. Features such as high loan-to-value financing, mortgage-insurance options, and flexible underwriting may be available to qualified residents, fellows, and newly employed physicians, subject to lender and program requirements.
What Are the Benefits of a Medical Professional Loan Program?
This program is designed to remove common barriers that medical professionals face when applying for a mortgage:
- Up to 100% financing available for qualified borrowers
- No mortgage insurance requirement
- Flexible underwriting tailored to medical career paths
- Options for purchases and refinances
- Ability to use signed employment contracts for qualification
- Competitive fixed and adjustable-rate options
- Available for primary residences in eligible areas
What Should Medical Professionals Know About Qualification?
This program qualifies borrowers based on professional credentials and employment stability rather than traditional income history. A minimum credit score of 680 is required. Only one tradeline is needed for qualification. Student loans may be excluded from debt-to-income calculations. Signed employment contracts are accepted in place of pay stubs for newly employed physicians.
Which Medical Professionals May Be Eligible?
Medical Doctor (MD)
Doctor of Osteopathy (DO)
Doctor of Dental Science or Surgery (DDS)
Doctor of Dental Medicine (DMD)
Doctor of Ophthalmology (MD or DO)
Doctor of Psychiatry (MD or DO)
Doctor of Veterinary Medicine (DVM or VMD)
Doctor of Podiatric Medicine (DPM)
Doctor of Pharmacy (PharmD)
Certified Registered Nurse Anesthetist (CRNA)
Medical residents, fellows, or interns with one of the above degrees
What Additional Qualification Factors Apply?
Minimum credit score requirements vary by loan structure
Debt-to-income evaluation may consider signed employment contracts and projected income
Flexible treatment of student loan obligations may apply where guidelines allow
Eligible for primary residence financing (1-unit properties)
This approach allows qualified medical professionals to secure housing with greater flexibility while maintaining responsible lending standards.
Is Medical professional Loan Program Right for You?
This program is designed for medical professionals who want to purchase a home without delaying their plans due to traditional income timelines or large down payment requirements. It supports those transitioning from training to practice by offering flexible qualification methods that reflect the realities of a medical career.
A personalized review helps determine whether this financing approach fits your goals, timeline, and long-term financial strategy so you can move forward with clarity and confidence.
Medical Professional Loan Questions, Answered
Common questions about how the medical professional loan program works and who qualifies.
1. Who qualifies for the Medical Professional Loan Program?
2. Does the Medical Professional Loan Program require mortgage insurance?
No. One of the key benefits of the Medical Professional Loan Program is that it does not require private mortgage insurance even with a low down payment or zero down financing. This reduces your monthly payment compared to conventional loans with less than 20% down.
3. Can I use a signed employment contract instead of pay stubs?
Yes. The program accepts signed employment contracts as proof of income for physicians who have accepted a position but have not yet started or have recently started working. This makes the program accessible to residents and fellows transitioning into attending physician roles.
4. Can student loans affect my eligibility?
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We help physicians and eligible medical professionals access specialized financing that accounts for your career stage and future earning potential. Licensed in OR, CA, WA, ID, TX, FL, and MT.
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MEDICAL professional LOAN OPTIONS
Program requirements and benefits vary based on your financial profile, employment structure, and property details. Start with a personalized review to explore available options and compare them with other loan programs that may fit your situation.