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Physician loans · Portfolio program

Doctor Mortgage / Physician Loan 2026: Low-Down, No-PMI Financing for Medical Professionals

A portfolio home-loan program that treats medical student debt differently, waives mortgage insurance, and lets qualifying physicians and other medical professionals buy a home with little or no down payment. Originated by Simply Approved Mortgages (Company NMLS# 2620881). Program terms vary by participating lender.

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Quick answerSummary
  • ✓Portfolio program for MDs, DOs, DDS/DMD, DVM, OD, and PharmD (eligibility varies by lender)
  • ✓Often 0% down at lower loan sizes; higher down payment required at jumbo tiers
  • ✓No PMI at most participating lenders — a meaningful monthly-payment advantage
  • ✓Medical student loans typically qualified using IDR payment or a small % of balance, not full amortization
  • ✓Residents, fellows, and new-in-practice attendings commonly eligible with a signed employment contract
  • ✓Primary residence only at most lenders; jumbo loan sizes available
  • ✓Rates, LTV caps, and student-loan treatment vary by participating lender — get a written Loan Estimate before deciding
SA

Written by

Simply Approved Mortgages Team

Licensed Loan Officers · NMLS# 2620881

12 min read·Independently researched · No paid product placement
Free with your request

Get your Doctor Mortgage / Physician Loan 2026 scenario summary

Complete the short request and a Simply Approved Mortgages Loan Officer sends back a written summary built from your own numbers: an estimated payment breakdown, estimated cash to close, the loan structures that may fit your file, and the documentation underwriting will ask for.

  • Estimated monthly payment with taxes and insurance
  • Estimated cash to close for your scenario
  • Loan structures your profile may fit
  • Document checklist for your file
Get my summary

Takes about 3 minutes · Summary shown on screen and emailed to you

Illustration only, generated from the information you enter. Not a rate quote, lock, loan estimate, pre-qualification, offer, approval, or commitment to lend. Figures are subject to credit, income, asset and property review and full lender underwriting; binding numbers appear on your Loan Estimate.

Scenario summary

Purchase price entered
$412,000
Down payment entered
$20,600
Estimated loan amount
$391,400
Estimated cash to close
$14,300
Programs reviewed
4

Sample layout with example figures — your own numbers replace these. Simply Approved Mortgages LLC · NMLS #2620881 · Equal Housing Opportunity.

Pricing snapshot

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

Doctor Mortgage Rates — Today's Options at a Glance

Four real options from today's wholesale pricing for one documented sample scenario per program — no form needed. Updated twice each business day, about 10 AM and 2 PM Eastern. Your own rate depends on your credit, down payment, property, state and lock date.

Live pricing tool

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

Live Doctor Mortgage Rates

Enter your scenario to see live wholesale pricing for Florida and Colorado. Figures are illustrative and not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate.

Jumbo loan pricing tool

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

Pricing for loan amounts above the conforming limit. Every figure shown comes from our pricing provider for the scenario you enter — nothing is estimated.

Pricing shown is based on the scenario entered and wholesale pricing available at the time of the search. It is not a rate lock, loan approval, commitment to lend, or guarantee of terms. Rates and pricing change frequently and expire. Your actual rate, APR, payment, and costs depend on a complete application, verified credit and income, property and appraisal review, and lender underwriting approval. Binding figures appear on your Loan Estimate. Payment shown is principal and interest only and excludes taxes, insurance and mortgage insurance. Simply Approved Mortgages LLC · NMLS# 2620881 · Equal Housing Opportunity.

Free · No obligation · Personalized guidance

Start your Doctor mortgage pre-approval — under 2 minutes

Physician & dental loans — low/no down, student-loan-friendly underwriting. We'll show your green/yellow/red decision instantly.

~2 minutes Clear next steps from a real loan officer

Not a loan application, rate lock, or commitment to lend. Binding figures appear on your Loan Estimate.

What is a Doctor Mortgage (physician loan)?

A Doctor Mortgage is a specialty portfolio loan program offered by participating banks and non-bank lenders. Because these loans are held on the lender's balance sheet rather than sold to Fannie Mae or Freddie Mac, participating lenders can relax certain agency rules — most importantly around student-loan payment calculation, mortgage insurance, and down-payment requirements — for borrowers in defined medical professions.

Physician loan eligibility (varies by lender)

  • Eligible professions commonly include MD, DO, DDS, DMD, DVM, OD, and PharmD. Some lenders extend eligibility to CRNAs, PAs, NPs, and podiatrists.
  • Career stage: residents, fellows, and attendings within a defined post-degree window (windows vary by lender).
  • Employment: a signed contract with a defined start date, typically within 60–90 days of closing, can qualify in lieu of paystubs.
  • Occupancy: primary residence only at most lenders.
  • Credit: most participating lenders require a 700+ middle FICO; some programs start at 680.

How student loans are treated (the key advantage)

Under standard conventional guidelines, a monthly student-loan payment used in DTI is generally the actual payment on the credit report or, if $0 or deferred, 1% of the outstanding balance or a fully amortizing payment. Freddie Mac allows 0.5% of the balance when no payment is reported. Either treatment can push physicians with six-figure student debt out of qualification.

Most Doctor Mortgage programs use one of three friendlier approaches:

  1. IDR payment — the actual income-driven repayment amount on the credit report, even if lower than a fully amortizing payment.
  2. Small percentage of balance — often a lower factor than agency rules require.
  3. Deferred exclusion — some participating lenders exclude deferred loans from DTI entirely for a defined window.

Program treatment varies. Your Simply Approved Mortgages Loan Officer will confirm the exact rule at each participating lender before you lock.

Down payment and loan-size tiers

  • Up to the conforming limit: many lenders allow 0% down.
  • First jumbo tier: commonly 5% down.
  • Higher jumbo tiers: 10% or more down, with reserve requirements that step up at each tier.

These tiers are illustrative — participating lenders each publish their own matrix and can change it at any time. This is not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate.

Doctor Mortgage vs FHA vs conventional

  • Doctor Mortgage — no PMI, flexible student-loan treatment, portfolio pricing, primary residence only at most lenders.
  • Conventional 97% — as little as 3% down but PMI required until 80% LTV under the Homeowners Protection Act; student loans calculated under standard Fannie Mae and Freddie Mac guidelines.
  • FHA — 3.5% down with a 580+ FICO, more permissive credit, but monthly MIP for the life of the loan on most new FHA loans (MIP terminates at 11 years when the borrower puts at least 10% down, under current FHA guidelines).

How to get a Doctor Mortgage

  1. 1

    Confirm profession and career stage

    Send your Simply Approved Mortgages Loan Officer your degree, license, and employment contract or paystubs.
  2. 2

    Shop participating lenders

    We compare Doctor Mortgage programs across multiple participating lenders on your scenario — rate, down payment, student-loan treatment, and reserves.
  3. 3

    Pre-approval

    Full credit, income, and asset review with a written pre-approval letter.
  4. 4

    Property under contract

    Submit the fully executed purchase agreement and earnest money receipt.
  5. 5

    Appraisal and underwriting

    Standard full-doc underwriting — the flexibility is on student loans and mortgage insurance, not on file quality.
  6. 6

    Clear to close and fund

    Sign, wait for funding per your state's rules, and get the keys.
Expert Insight
The single biggest determinant of whether a Doctor Mortgage saves you money is student-loan treatment, not the note rate. A conventional loan with a lower rate but a simulated 1%-of-balance student-loan payment in DTI can disqualify a physician outright; a Doctor Mortgage using your actual IDR payment can approve the same file. We run both scenarios side-by-side before you lock.
Simply Approved Mortgages Team
Licensed Loan Officers • NMLS# 2620881

Want this applied to your own file?

A Simply Approved Mortgages Loan Officer reviews your credit, income, and property against current FHA guidelines and follows up with estimated figures. Educational only — not a quote, lock, offer, or commitment to lend.

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Key qualifying numbers

Doctor / Physician mortgage — max LTV, credit score & DTI at a glance

The four numbers most borrowers ask about first. Full underwriting matrix and citations are further down the page.

Max LTV

100%

Up to program-specific loan amount; 95% above. Portfolio program (varies by bank).

Min credit score

700

Common physician-loan minimum; 720+ prices best.

Max DTI

45%

Student loans commonly excluded or set at IBR/PAYE payment amount instead of 1% of balance.

PMI

None

Doctor programs typically waive private mortgage insurance even above 80% LTV.

Guidelines subject to change; lender overlays may apply. Illustrative only — not a rate quote, lock, offer, or commitment to lend. A Simply Approved Mortgages Loan Officer confirms the numbers on your actual file.

Qualifications & requirements

Doctor / physician mortgage qualifications: what you actually need to qualify

RequirementTypical standardNotes
Eligible professionsMD, DO, DDS, DMD, DVM, DPM, PharmD, and doctors of ophthalmology or psychiatry; some programs add CRNA (with DNAP/DNP), PA, or NPAt least one qualifying borrower whose income is used must hold the designation and be in active practice. The eligible-degree list varies by lender.
Credit score680 minimum on a typical program; 720+ for the largest loan amountsBest pricing at 740+. Non-permanent resident aliens are commonly capped at 95% LTV.
Down paymentAs little as 0% down (up to 100% LTV) at 680+ on loans up to about $1.5M; 720+ for higher balancesLoan amounts above roughly $2M generally fall outside the program.
Private mortgage insuranceNot required on the physician programs we broker, even above 80% LTVKey benefit over conventional financing. The investor absorbs the risk in pricing.
Student loan treatmentDeferred, forbearance, or $0 IBR payments may be excluded while you are in residency or a clinical fellowshipOutside residency or fellowship, a monthly payment must be counted in DTI — usually the payment shown on the credit report.
Employment / income proofA signed employment contract is commonly acceptable for start dates within 60–90 daysProjected-income files carry extra reserve requirements.
Debt-to-incomeUp to 50% on most fixed-rate loans at or below 95% LTV; 45% on ARMs, 15-year fixed, or above 95% LTVCeilings are program- and LTV-driven.
Occupancy and propertyPrimary residence only — 1-unit SFR, PUD, townhouse, or warrantable condoSecond homes, investment properties, 2–4 units, and manufactured homes are not eligible. Purchase and rate-and-term refinance only; no cash-out.
Reserves0 months at or below 95% LTV on loans up to about $1.5M; 3–6 months above that or above 95% LTVGift funds may be used for reserves on many programs. Secondary financing is generally not allowed and appraisal waivers are not accepted.

Doctor mortgage guidelines are lender-specific portfolio products — no single agency guideline governs them. Individual results and eligibility vary by lender. Not a quote or commitment to lend.

What you can do with this loan

✓

Purchase a primary residence with little-to-no down payment while managing student-loan debt

✓

Buy a home before your residency or fellowship start date using a signed contract

✓

Avoid PMI even at 95–100% LTV

✓

Purchase a second home or move-up primary as an attending physician

✓

Refinance an existing loan to remove PMI or take advantage of physician pricing

✓

Purchase in a high-cost market with a jumbo-tier doctor loan

Doctor Mortgage: Pros and Cons

Pros of a Doctor Mortgage

  • +No private mortgage insurance (PMI) even at high LTVs on most participating programs
  • +Medical student loans commonly qualified using the IDR payment or a small % of balance instead of full amortization
  • +0% down available at many lenders up to the conforming loan limit; 5% at the first jumbo tier
  • +Residents, fellows, and new-in-practice attendings eligible with a signed employment contract
  • +Jumbo loan amounts available (caps vary by lender)
  • +Portfolio underwriting — flexibility outside strict Fannie/Freddie boxes

Cons / trade-offs of a Doctor Mortgage

  • −Primary residence only at most participating lenders
  • −Note rate may be slightly higher than a comparable conventional loan
  • −Program overlays (LTV caps, career-window definitions, eligible professions) vary lender-to-lender
  • −Higher reserve requirements at jumbo tiers
  • −Eligibility limited to defined medical professions and career windows
  • −Not available for investment properties at most lenders

See where you stand on these requirements

A Simply Approved Mortgages Loan Officer will review your credit, income, and reserves against real program guidelines — no obligation.

Start My Approval

Worked example

How this loan actually works — a full example

A first-year attending physician with $220,000 in deferred student loans buys a $700,000 primary residence with 5% down on a 30-year fixed doctor mortgage. No PMI is required.

Inputs

Purchase price
$700,000
Down payment (5%)
$35,000
Loan amount
$665,000
Illustrative rate (30-yr fixed)
6.95%
Property taxes
$550/mo
Homeowner's insurance
$135/mo
Student loans (IBR payment used)
$150/mo (not amortized $1,900/mo)

Calculation

  1. 1
    Principal & interest (30-yr @ 6.95%)
    ≈ $4,401 / month
  2. 2
    Taxes + insurance
    $685 / month
  3. 3
    Estimated total PITI
    ≈ $5,086 / month
  4. 4
    PMI
    $0 — waived by doctor program
  5. 5
    DTI using IBR
    Manageable vs. denied under conventional amortized-payment rule
Outcome
Illustrative only. Doctor loan program eligibility, pricing, and student-loan payment treatment vary by lender. Not a quote or commitment to lend.

Illustrative only — not a quote, lock, offer, or commitment to lend. Binding figures appear on your Loan Estimate.

Doctor Mortgage scenarios

✓

Resident, contract in hand

PGY-2 resident buys with 0% down using a signed employment contract; IDR student-loan payment used for DTI.

✓

New attending, jumbo purchase

Attending physician finances a jumbo primary residence with 5% down and no PMI at a participating jumbo lender.

✓

Dentist practicing 3 years

DDS with W-2 and side 1099 income qualifies with tax returns; deferred loans excluded per program overlay.

✓

Self-employed veterinarian

DVM practice owner uses 2 years of business returns and YTD P&L to qualify.

Live market pricing

Today's Doctor Mortgage rates (2026)

Doctor Mortgage pricing is quoted daily and depends on credit, loan amount, LTV/CLTV, occupancy, and lender program. Figures below are for education only — your binding rate and APR appear on your Loan Estimate.

  • ✓Portfolio pricing set by each participating lender — not tied to Fannie/Freddie pricing grids
  • ✓Often priced modestly above a comparable conventional loan; the "no PMI" savings can offset the rate difference
  • ✓Fixed-rate and ARM options available depending on lender
  • ✓Jumbo tiers (loan amount above the conforming limit) typically priced higher than lower tiers
  • ✓LTV caps, reserves, and profession eligibility vary by participating lender
See Today's RatesStart My Approval

What affects your rate

  • ✓

    Credit score

    Most participating lenders require a 700+ middle FICO; some programs start at 680. Higher scores unlock better pricing.

  • ✓

    Loan-to-value (LTV)

    0% down is common up to the conforming limit; jumbo tiers step to 5%, 10%, or more down.

  • ✓

    Loan amount

    Conforming, jumbo, and super-jumbo tiers each price differently and carry different reserve requirements.

  • ✓

    Career stage

    Residents, fellows, and new-in-practice attendings are commonly eligible with a signed contract.

  • ✓

    Reserves & debt

    Stronger post-close reserves and IDR student-loan treatment can improve pricing tier.

Rates and APRs shown are illustrative and change daily. Not a quote, lock, offer, or commitment to lend. Binding figures appear on your official Loan Estimate. Simply Approved Mortgages LLC, NMLS# 2620881. Equal Housing Opportunity.

Doctor Mortgage Payment Calculator

Estimate a full PITI payment on your Doctor Mortgage with a plain-English breakdown of principal & interest, property taxes, homeowner's insurance, and HOA — plus a loan amortization summary. Illustrative only; your Loan Estimate will show the binding figures.

Estimate your payment
Home price$450,000
$
Down payment$45,000 (10.0%)
$
Interest rate6.25%
%
Loan term30 years
Credit tier (FICO)740-759
Property taxes (annual %)1.20%
%
Homeowner's insurance (annual)$1,650
$
HOA (monthly)$0
$
Principal & interest
$2,494
Taxes + insurance
$588
Loan amount
$405,000
Estimated monthly payment (PITI)
Illustrative — binding figures on your Loan Estimate
$3,082

Monthly payment breakdown

Principal & interest$2,494 · 81%
Property taxes (1.20%/yr)$450 · 15%
Homeowner's insurance$138 · 4%

Loan amortization summary (30-year term)

Total interest paid
$492,716
Total paid over term
$897,716
Year 1 · to interest
$25,178
Year 1 · to principal
$4,746

Assumes a fixed-rate 30-year loan held to maturity with no prepayments. Actual amortization varies with extra principal payments, escrow adjustments, PMI/MIP, and any rate resets on an ARM.

Free • No obligation

Use my estimate — see today's rates

We'll pre-fill your calculator numbers into the quote form below. A Simply Approved Mortgages Loan Officer will personally connect with you to walk through your scenario.

Home price$450,000
Down payment$45,000 (10.0%)
Loan amount$405,000
Rate / term6.25% · 30y
Credit tier740-759
Est. total PITI$3,082
See Today's Rates

Pre-approval is a soft check with no SSN and no hard credit pull. Not a loan approval or commitment to lend — binding figures appear on your federally required Loan Estimate.

Ready to move forward?

Turn these numbers into a real pre-approval

Continue on our secure application page. Your Simply Approved Mortgages Loan Officer will review your numbers and follow up within one business day.

Start My Approval →See Today's RatesOr call 877-813-7219

No obligation. Soft-pull options may be available.*

Wholesale advantage

Compare loan officer compensation on your mortgage quote

Loan officer compensation is part of the cost of a mortgage. On eligible residential loans, Simply Approved Mortgages generally uses 1.5% lender-paid compensation. Enter the compensation shown on another lender's Loan Estimate to see the difference in dollars.

Simply Approved Mortgages compensation (1.5%)$4,500
Quote you entered (2.75%)$8,250

Compensation difference on this illustration: $3,750.

How lower compensation can help you

Room for a lower rate

When less compensation is built into pricing, there can be room for a lower interest rate, which may lower your monthly payment.

Possible credits toward closing

Depending on the rate you choose, pricing can sometimes include a lender credit toward third-party closing costs, so you may bring less cash to closing.

More purchasing power

A lower rate means a lower monthly payment, which can lower your debt-to-income ratio and may help you qualify for more home on the same income.

Wholesale, not retail

As a mortgage broker we compare pricing from wholesale lenders instead of offering a single bank’s retail pricing.

Tip: On page 2 of your Loan Estimate, look at Section A, "Origination Charges." If the lender pays the loan officer, that compensation usually does not appear there as its own line; it is built into the interest rate. That is why comparing the rate and any lender credits side by side matters.

Get a second opinion on your Loan Estimate

Already have a Loan Estimate from another bank or broker? Share it with a Simply Approved Mortgages Loan Officer, who will compare the rate, fees and credits side by side with options we can arrange. No cost to request a review.

Illustration only — not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate. Lender-paid compensation is paid by the lender, not directly by you, and is part of the loan's pricing, so the loan is not free of costs. A lower compensation figure does not by itself guarantee a lower rate or lower closing costs; individual results vary by credit, loan type, property and market conditions. Residential lending in FL and CO only. Simply Approved Mortgages LLC · NMLS #2620881 · Equal Housing Opportunity.

Get Ready

Document Checklist for your Doctor Mortgage

Gathering these documents up front helps your Simply Approved Mortgages Loan Officer issue a stronger pre-approval and move your Doctor Mortgage to Clear-to-Close faster. Actual items required vary by scenario — your loan officer will confirm the final list.

Choose your income type

Only the income documents that apply to you are shown. Switch tabs if you have multiple income sources — your loan officer will confirm which apply.

W-2 / Employed Income

  • ✓Most recent 30 days of paystubs (all borrowers, all jobs)
  • ✓W-2s for the last 2 years (all employers)
  • ✓Two-year employment history with employer names, addresses, and dates
  • ✓Verification of Employment — written (WVOE) or electronic (EVOE through a third-party payroll service); your loan officer orders it with your signed authorization
  • ✓Employment reverification within 10 days before closing — verbal or electronic, required on every file
  • ✓Bonus / commission / overtime: 2-year history if used to qualify
  • ✓Recent job change: offer letter and first paystub after start date
  • ✓Retirees / fixed income: Social Security award letter, pension statements, 1099-R

Assets & Reserves

  • ✓Most recent 2 months of bank statements (all pages)
  • ✓Most recent quarterly statement for retirement / brokerage / 401(k)
  • ✓Gift funds: signed gift letter + donor bank statement + transfer proof
  • ✓Large deposit letters of explanation with source documentation

Identity & Residency

  • ✓Government-issued photo ID (driver's license or passport)
  • ✓Social Security card or ITIN letter
  • ✓Two years of residency history with addresses

Credit & Liabilities

  • ✓Written credit report authorization
  • ✓Letter of explanation for any late payments, collections, or inquiries
  • ✓Bankruptcy discharge papers or foreclosure documentation (if applicable)
  • ✓Child support / alimony order (if paying or receiving)
  • ✓Divorce decree / separation agreement (only if applicable)

Property & Purchase

  • ✓Fully executed purchase contract with all addenda
  • ✓Earnest money deposit receipt + source of funds
  • ✓Homeowners insurance quote (binder before closing)
  • ✓HOA / condo questionnaire and dues statement (if applicable)

Physician / Professional Program Documentation

  • ✓Medical / dental / veterinary degree (MD, DO, DDS, DMD, DVM, OD, PharmD) or state license
  • ✓Residency, fellowship, or attending employment contract with start date
  • ✓For new-in-practice: signed employment contract with guaranteed salary (typically must start within 60–90 days)
  • ✓Proof of student loan status (deferment letter or IDR payment documentation — some programs use IDR payment or exclude deferred loans per investor overlay)
  • ✓For self-employed physicians: 1–2 years of business tax returns (varies by investor)

Educational checklist only. Not a commitment to lend and not a complete list of conditions. Documentation requirements are governed by agency guidelines (Fannie Mae Selling Guide, FHA Handbook 4000.1 incl. Update 18 (August 12, 2026), VA Lender's Handbook, USDA HB-1-3555) and individual investor overlays. Your Simply Approved Mortgages Loan Officer will provide your specific document list based on your scenario.

Credit Documentation & Monitoring

Credit Reports and Credit Monitoring for your Doctor Mortgage

Credit is one of the four underwriting buckets every lender reviews — and one of the few you can actively improve before you apply. Monitoring your credit throughout the process helps you catch errors, fraud, and score changes early, which protects your approval timeline and your rate.

Step 1 · Lender Pull

Ordering Credit for Your Pre-Approval File

Once you sign your loan application (Form 1003) and disclosures, your Simply Approved Mortgages Loan Officer orders a tri-merge residential mortgage credit report (RMCR) from Equifax, Experian, and TransUnion. This is a hard inquiry, but FICO's model treats mortgage inquiries within a 45-day window as a single event, so shopping lenders during that window will not stack on your score.

  • What we need from you: signed borrower authorization, government-issued photo ID, Social Security number (or ITIN), and current address.
  • What the report shows underwriters: middle FICO score, open tradelines, minimum payments, late history, collections, public records, and recent inquiries.
  • How long it's valid: 120 days for conventional loans and for FHA/VA/USDA (HUD guidelines, VA Lender's Handbook Ch. 4). Older reports must be re-pulled before closing.
  • Rapid rescore: if a legitimate error is on your report, we can request a rapid rescore in 3–7 business days after you supply documentation from the creditor.
Pay for Your Credit Report →

This link redirects to our third-party credit vendor's payment portal. You pay the report fee directly so we can pull your tri-merge credit report for your pre-approval file. A credit pull is required for underwriting; this is not a commitment to lend.

Step 2 · Self-Check

Review and Monitor Your Credit at MyITINCredit.com

Before we pull your file, review and monitor your credit at MyITINCredit.com. Their $1 promotional trial gives you tri-bureau visibility plus ongoing credit monitoring so you can catch changes, disputes, or new accounts as they appear — not after they've already delayed your loan.

  • Verify accuracy: confirm names, addresses, SSN/ITIN, and every open account belong to you.
  • Dispute errors: the Fair Credit Reporting Act gives you the right to dispute inaccurate items directly with the bureau — no charge.
  • Address collections and charge-offs: a settled or paid collection can be documented in advance so it does not stall underwriting.
  • Pay down utilization: credit-card balances reported below 30% of the limit typically produce the strongest scores.
  • Avoid new credit: do not open new cards, finance a car, or co-sign for anyone from now through closing.
  • Monitor continuously: credit monitoring alerts you to new inquiries, balance changes, and potential identity theft while your loan is in process.
Check & Monitor Your Credit at MyITINCredit.com →

MyITINCredit.com is a service operated by Simply Approved Corporation (a DBA of that entity), which is the parent company of Simply Approved Mortgages LLC. Simply Approved Mortgages may receive subscription revenue if you choose to enroll. Credit monitoring through MyITINCredit.com is optional and is not required to apply for or obtain a mortgage with us. Promotional pricing, trial terms, and monitoring features are set by MyITINCredit.com and subject to change.

Why credit monitoring matters during a mortgage — A single new collection, missed payment, or unauthorized inquiry can change your qualifying score or trigger additional underwriting conditions. Typical minimum scores* — Conventional 620, FHA 580 (3.5% down) or 500 (10% down), VA no HUD minimum (most lenders 580–620), USDA typically 640, Jumbo 680–740, Doctor Mortgage 680–700+, Non-QM/DSCR varies by program, ITIN 620–680 alternative credit. Investor and lender overlays apply; individual results vary. Not a commitment to lend.

Trusted government resources

These independent government resources can help you research mortgage programs, rates, and your rights before you apply.

Simply Approved Mortgages is not affiliated with HUD, the CFPB, the FTC, the VA, or any other government agency. Links are provided for your independent verification.

FAQs reviewed by Simply Approved Mortgages · November 2026

Still have questions? Get answers on your scenario

Start a short request and a Simply Approved Mortgages Loan Officer responds within one business day with next steps and a document checklist.

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Frequently Asked Questions About Doctor Mortgage 2026

Answers to the most common about doctor mortgage 2026 questions, written by licensed loan officers.

A Doctor Mortgage — also called a physician loan — is a portfolio home-loan program offered by participating banks and lenders that tailors underwriting to physicians and other high-earning medical professionals. Compared to conventional loans, these programs typically allow a lower or no down payment, waive private mortgage insurance (PMI), and treat medical student debt more favorably in the DTI calculation.
Ask Sam AI

Ask SAM anything about mortgages

SAM is the Simply Approved Mortgages AI assistant. It answers general questions using the reviewed guides published on this site and links you to the primary government source. It is educational only — it does not quote a rate, payment, APR, approval or commitment to lend. A Simply Approved Mortgages Loan Officer reviews every scenario before any terms are confirmed.

Hi, I'm SAM — an AI assistant for Simply Approved Mortgages. I can explain loan programs, closing costs, DTI, down payments and which calculator or guide to use. I'm not a licensed loan officer, and nothing here is a quote, approval or commitment to lend.

SAM is an AI assistant — not a licensed loan officer, attorney, CPA or financial adviser. Answers are educational only, are not a quote, lock, offer or commitment to lend, and material loan terms must be reviewed by a Simply Approved Mortgages Loan Officer. Never share SSN/ITIN, date of birth, account numbers or passwords in chat. Residential mortgage loans are arranged in Florida and Colorado. Start My Approval.

Ask Sam AI provides general educational information only. It is an automated assistant, may be incomplete or out of date, and does not provide legal, tax or financial advice. Nothing it produces is a rate quote, APR, pre-approval, offer or commitment to lend. Never share a Social Security number, ITIN, date of birth, account number or password in chat. Simply Approved Mortgages LLC (NMLS #2620881) arranges residential mortgage loans in Florida and Colorado. Eligibility, terms, conditions and availability vary by borrower, property, lender, loan program and state, and all loans are subject to lender underwriting and approval. Equal Housing Opportunity.

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Preferred sources is a Google Search feature controlled entirely by you and by Google. Simply Approved Mortgages LLC (NMLS #2620881) does not control search results and makes no representation about how or whether our content will appear. Educational content only — not a quote, lock, offer, or commitment to lend.

How this page connects

Where this fits in the conventional and agency lending library

This page sits inside our Conventional and agency lending coverage.

What most readers open next

Explore the full guide

Keep reading — the rest of the buying playbook

Each of these is a deep-dive on one piece of the purchase mortgage process. Bookmark whichever you need next.

Guide

Purchase Mortgages — Complete Guide

Compare Doctor Mortgages to FHA, VA, USDA, and conventional.

Read the guide →

Guide

FHA vs Conventional

When a low-down FHA loan beats a portfolio physician loan.

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Guide

Pre-Approval

Get a written pre-approval before you shop.

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Guide

Document Checklist

What to gather for underwriting.

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Guide

Closing Costs Explained

Line items every borrower should understand.

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Guide

Affordability Calculator

Model your PITI on a physician program.

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By state and city

Physician and Professional Mortgages by State, City, and County

County loan limits, property taxes, insurance costs, and market conditions change what this program looks like locally. Pick your market for the version written for it. Simply Approved Mortgages LLC arranges residential mortgage loans in Florida and Colorado.

Florida

Physician and Professional Mortgages in Florida

Cities

Counties

Colorado

Physician and Professional Mortgages in Colorado

Cities

Counties

Internal library

Related mortgage guides across our library

Follow the next relevant guide for your scenario.

Purchase mortgages

Buying a home

Calculators & references

Tools & data

Simplify Your Mortgage Journey with These Resources

Home Value Report
Check Your Credit
Mortgage Calculator
Home Affordability Calculator
Pay for my Credit Report
Mortgage Document Checklist
Down Payment Assistance
Native American Home Loans
FHA Loan Limits
See Today's Rates
Refinance Guide
Pre-Approval Request

Start My Approval

Complete this short request and a Simply Approved Mortgages Loan Officer will personally review your scenario. The form only asks what your program actually needs. Submitting it is not an application for credit and is not a commitment to lend.

Doctor mortgage

Tell us about your scenario

The form below is tailored to Doctor mortgage — only the questions and documents your program needs.

Step 1 of 2 · about 90 seconds
See your options — one short screen
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Simply Approved Mortgages LLC is licensed to arrange residential mortgage loans in Florida and Colorado only. We ask first so we never collect a mortgage inquiry we are not licensed to act on.

Physician programs often allow 0–10% down with student loans excluded or income-based.

What's your goal?
Purchase price$450,000
$
Down payment (10.0%)$45,000
$

A range is enough here — no credit report is pulled and your credit is not affected.

Estimated monthly payment at these numbers
$3,246

Illustrative estimate only — not a quote, rate lock, offer of credit, or commitment to lend.

Submitting this form is not an application for credit and is not a commitment to lend. No credit report is pulled at this step.

No obligation to apply Encrypted connection Verify NMLS# 2620881
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Talk To A Simply Approved Mortgages Loan Officer

Physician-loan pricing on your scenario — signed contract, IDR student loans, and jumbo tiers all considered.

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From the Blog

Mortgage insights & guides

Plain-language articles to help you understand the home loan process, save on closing costs, and make confident decisions.

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First-Time Buyers

7 things every first-time homebuyer should know before applying

From credit prep to down payment assistance, here’s how to walk into your first mortgage application with confidence.

May 28, 20266 min read
Veterans

Using your VA loan benefit: a step-by-step guide

Eligibility, the Certificate of Eligibility, funding fees, and how to maximize zero-down purchasing power.

May 14, 20268 min read
Closing Costs

Where your closing costs actually go (and where you can save)

A line-by-line breakdown of the Loan Estimate and the fees that are negotiable versus fixed.

Apr 30, 20265 min read
Equal Housing OpportunityEqual Housing OpportunityMortgage Broker — Not a LenderNMLS ID# 2620881NMLS Consumer AccessFlorida Mortgage Broker License #MBR7685Colorado Mortgage Company Registration

Licensing & Disclosures

Simply Approved Mortgages LLC | NMLS #2620881

Florida Branch Office (Miami, FL) | Branch NMLS #2688012

Florida Mortgage Broker License #MBR7685 | Colorado Mortgage Company Registration

Business Phone: (877) 813-7219

Equal Housing Opportunity

Broker identification. Simply Approved Mortgages LLC is a mortgage broker and is not a direct lender. We arrange residential mortgage loans with third-party wholesale lenders and do not make the lender's final credit decision or fund the loan. We arrange residential mortgage loans in Florida and Colorado. Business-purpose mortgage products may be arranged in additional states only where permitted by applicable law and pursuant to applicable licensing requirements or exemptions.

Credit and program terms. All loans are subject to lender credit approval, underwriting, acceptable appraisal or valuation when required, title review, insurance, and supporting documentation. Eligibility, programs, rates, APRs, points, lender credits, fees, payments, terms, loan amounts, down-payment requirements, mortgage insurance, and availability may vary based on borrower, property, occupancy, credit profile, loan-to-value ratio, debt-to-income ratio, lender, loan program, and state and may change without notice. Not all applicants, properties, products, or programs will qualify or be available in every state. Nothing on this site constitutes a loan approval, rate lock, offer, commitment to lend, guarantee of approval, or guarantee of terms or closing.

Rates, payments and calculators. Rates, APRs, payments, down payments, loan amounts, home values, estimated equity, savings, affordability estimates, closing costs, and other calculator or scenario results displayed on this site are estimates or illustrations unless expressly stated otherwise. Actual loan terms may differ. Taxes, homeowners insurance, mortgage insurance, association dues, lender charges, broker compensation, discount points, third-party charges, and other costs may apply. Advertised rates, payments, APRs, down payments, and other credit terms are subject to the assumptions and disclosures presented with the applicable advertisement. Applicable loan terms and disclosures will be provided as required for the particular transaction.

Mortgage products. FHA, VA, USDA, conventional, jumbo, non-QM, HELOC, reverse mortgage, down-payment-assistance, investment-property, DSCR, and other mortgage products referenced on this site are subject to their individual eligibility, underwriting, property, occupancy, and program requirements. Product availability varies by lender and jurisdiction. References to a mortgage product or program do not constitute a determination that a borrower or property qualifies.

Government-backed programs. Government-backed or government-insured mortgage programs referenced on this site may be subject to requirements established by the applicable government agency in addition to lender requirements. Government insurance or guaranties generally protect participating lenders against certain losses and do not constitute a guarantee of borrower approval.

Business-purpose products. DSCR, investment-property, and other business-purpose mortgage products referenced on this site are intended for qualifying business-purpose transactions. Business-purpose loans may be subject to different requirements and protections than consumer-purpose residential mortgage loans. Borrowers are responsible for accurately disclosing property occupancy and intended use.

Down payment assistance. Down payment or closing-cost assistance programs referenced on this site may be administered by governmental entities, housing finance agencies, nonprofit organizations, lenders, or other third parties. Program availability, funding, assistance amounts, eligibility requirements, repayment or forgiveness provisions, and other terms vary and may change or become unavailable without notice. Listing or referencing a program does not guarantee funding, eligibility, or mortgage approval.

Government affiliation. Simply Approved Mortgages LLC is not a government agency and is not affiliated with, acting on behalf of, sponsored by, or endorsed by HUD, FHA, VA, USDA, or any other federal, state, or local government agency. References to government agencies, programs, benefits, data, forms, or resources are provided for informational purposes and do not imply government sponsorship or endorsement of Simply Approved Mortgages LLC.

Fair lending. Equal Housing Opportunity. Simply Approved Mortgages LLC conducts business in accordance with applicable federal and state fair-housing and equal-credit-opportunity laws and does not discriminate on any prohibited basis.

No professional advice. Content on this site is educational and general in nature and is not legal, tax, accounting, financial, investment, estate-planning, or individualized government-benefits advice. Consumers should consult appropriate qualified professionals regarding their individual circumstances.

Third-party content. References or links to government agencies, lenders, assistance programs, products, services, or other third-party websites are provided for informational purposes or convenience. Simply Approved Mortgages LLC does not control and is not responsible for third-party content, availability, accuracy, or privacy practices.

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Simply Approved Mortgages LLC, 633 W 5th St, Ste 2600, Los Angeles, CA 90071 · 877-813-7219 · support@simplyapprovedmortgages.com. State licensing details available at the NMLS Consumer Access link above. © 2026 Simply Approved Mortgages LLC.

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