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What are Physician Mortgage Loans?

Watch to learn about special mortgage options for physicians and dentists.

Published May 06, 2022

If you’re a physician or dentist looking for a mortgage, there may be special mortgage options available based on your financial needs. Because of medical school debt,  starting physicians and dentists may have a high debt-to-income ratio—which can make getting loans a challenge. With a physician mortgage, rates are usually lower and you can often put little or no money down and some lenders will waive the private mortgage insurance (PMI) requirement.

Transcript

A physician mortgage helps doctors and dentists borrow money to purchase a home with special loan rates and/or terms. Because of medical school debt, starting physicians and dentists may have a high debt-to-income ratio—which can make getting loans a challenge. The good news is, if you have a high credit score, your strong earning potential might make you a low-risk borrower.

Rates are usually lower with a physician mortgage, and you can often put little or no money down. Some lenders, like Laurel Road, may even waive the private mortgage insurance requirement—which can help keep your monthly payments low.

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Disclaimers

This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.

All Laurel Road lending products are subject to credit approval.