Physician Loans
Home loans designed with doctors in mind
What is a physician loan?
Physician Loans are special home loan options for new and established doctors. If you are a medical doctor with an MD, DO, DDS, DVMM, or DMD purchasing a primary residence, you might qualify.
Some benefits of physician loans are:
Fixed and Variable Interest Rates
Ashley's team will help you select the term that is best for you and your financial goals.
Up to 0% Down Payment
With an employment letter and contract from your employer, recent medical school graduates can obtain a mortgage with a little or no down payment.
Expansive Loan Limits
No minimum loan amount and a maximum loan amount of $2M. Some restrictions apply. Contact The Sharpe Mortgage Team for more information on this.
No Mortgage Insurance
In most cases, for down payments below 20%, a borrower must pay PMI on their mortgage. With a physician loan, there is no mortgage insurance needed.
Maximum 50% DTI
Many recent graduates are unable to achieve low DTI due to student loan debt. Physician loans take this into consideration with more relaxed restrictions.
