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Doctor Mortgage Loans
Are there doctor mortgage loans 9ffered by banks, mortgage brokers, or mortgage bankers? I remember many years back fidth-third bank offered doctor home loans for MDs, DDS, DVM, DOs, DC. Thank you in advance.
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1 Reply
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Many banks and mortgage lenders now offer specialized home loans for medical professionals, making homeownership more accessible. Physician mortgage loans are increasingly popular. For example, Fifth Third provides loans up to $2.5 million with full financing and no private mortgage insurance (PMI) for qualified applicants. Eligible degrees often include MD, DO, DPM, DDS, DMD, DVM, and OD. Some brokers can help applicants secure these loans if their partner lenders participate in such programs. In April 2026, Newroz launched its Medical Professional Home Loan, which also offers full financing, no PMI, and flexible criteria for student loans and income. Independent mortgage bankers may have their own physician loan programs or help applicants find suitable options. CrossCountry Mortgage, for instance, offers physician loans with no down payment, no PMI, and loan amounts up to $2 million. Prospective borrowers should confirm whether they can apply directly or need to use a broker. While degrees such as MD, DO, DDS, DMD, and DVM are generally accepted, Doctor of Chiropractic (DC) degrees are not always eligible. Fifth Third and Newroz do not currently accept DC degrees. In some regions, chiropractors may qualify for broader medical professional programs, but lenders should confirm eligibility before applying. The absence of PMI does not always mean lower overall costs because these loans may have higher interest rates or stricter requirements. Applicants should compare closing costs, monthly payments, required reserves, and total expenses with those of conventional loans.
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