Skip to main content

Doctor Loans, or physician loans, are loans issued to qualifying medical professionals who have a high debt-to-income ratio because of the nature of their education and careers. 

Qualified medical professionals are required to pay between 0-10% as a down payment and often are not required to pay for private mortgage insurance (PMI). Sometimes, there are higher interest rates on doctor loans due to the low down payment options and waived PMI. 

At The Mortgage Firm North Central Florida, the following medical professionals can apply for a doctor loan:

  • Medical residents
  • Medical doctors
  • Doctors of Dental Medicine
  • Doctors of Opthalmology
  • Doctors of Osteopathy
  • Chiropractors
  • Medical Fellows
  • Doctors of Dental Surgery
  • Doctors of Optometry
  • Doctors of Podiatric Medicine
  • Pharmacists
  • Doctors of Veterinary Medicine

Benefits of a Doctor Loan:

  • Low down payment 
  • Often waived PMI
  • Designed for medical professionals 
  • Higher interest rates 

If you are interested in applying for a Doctor Home Loan with The Mortgage Firm North Central Florida, make sure to view our loan checklist and contact us with any further questions!