Loans
Doctor Loans
A doctor loan is a home loan built for physicians and other medical professionals whose income and debts look different from most buyers. It takes training, rising pay, and student loan debt into account, instead of judging you only on today’s pay and debts. Deb Gontko Klein helps medical professionals buy without waiting years to save a large down payment, if you qualify. Serving home buyers in Arizona, California & Colorado since 2004.
Who it helps
- Physicians, including residents and fellows in training, if you qualify.
- Dentists, veterinarians, and other medical professionals, if the program covers your field.
- Medical professionals with student loan debt and a signed work contract for a future start date.
How it works
Down payment: A small down payment, or in some cases no down payment, may be possible, if you qualify.
Mortgage insurance: Mortgage insurance is not required for Medical Professional loans.
Student debt: Student loan payments may get additional flexibility for borrowers who are or will be in residency or a clinical fellowship program. A signed work contract may be used as proof of future income.
Things to think about
- A doctor loan can help you buy sooner, but the monthly payment still has to fit your budget once training ends and real life costs begin. Look at the full payment, with taxes and insurance.
- Doctor loans may carry different rates or costs from other loans. Compare the full cost before you choose.
Questions people ask
What is a doctor loan?
A home loan built for physicians and other medical professionals, which takes training, future income, and student debt into account, if you qualify.
Can residents and fellows qualify?
It may be possible, if you qualify. A signed work contract and proof of training can be part of the file.
Do I need a large down payment?
A small down payment, or no down payment, may be possible, if you qualify. Ask what your program allows.
As Seen In
Scotsman Guide · MPA · U.S. News · MSN · LowerMyBills
Next step: Call Deb at (480) 550-0211 to talk through a doctor loan for your stage of training or practice, or apply through Planet Home Lending.
Official source: Consumer Financial Protection Bureau: Owning a Home
Get Started
Talk with Deb
Tell us what you want to do, and we will call you back with clear next steps. It takes about a minute. Prefer to talk now? Call (480) 550-0211.
Serving home buyers in Arizona, California & Colorado since 2004