Here’s What You Need to Know
Physician mortgage loans can be a game changer for doctors looking to buy a home but only if they’re used the right way.
Lately, we’ve seen slight shifts in how banks structure their physician loan programs. Some have tightened their lending criteria, while others have introduced new restrictions based on location, specialty, or years of experience. As these changes continue, it’s more important than ever to work with a lender who truly understands the ins and outs of physician loans, so you don’t miss out on the benefits you’re entitled to.
That’s why now, more than ever, you need the right team in your corner.
A Physician Loan Is Not Just a Regular Mortgage
Physician loans are specifically designed to accommodate the financial realities of medical professionals: high student loan debt, limited down payment funds, and delayed but strong income potential. The perks of these loans are powerful. No PMI, low or no down payment, flexibility with student loans, and more but only if your lender knows how to structure them properly.
Unfortunately, not all lenders (or agents) understand the nuances.
We’ve seen well-meaning agents refer doctors to generic lenders who offer “doctor loan” products that are little more than rebranded conventional loans. We’ve seen deals fall apart because the agent wasn’t familiar with contract-based underwriting or didn’t know how to advocate for exceptions specific to a physician buyer’s situation.
You Need More Than Just a Lender
Working with a solid lender is only one piece of the puzzle. You also need an agent who:
- Understands the ins and outs of physician loan programs
- Knows how to structure offers around job start dates, contract contingencies, and loan timing
- Can anticipate and navigate common hiccups with underwriting, employment verification, and more
- Has a network of vetted lenders offering true physician loan programs, not watered-down versions
That’s exactly what we offer at Physician Real Estate Network. We’ve in the business of helping doctors buy their homes using physician-specific loan programs, and we keep up with the constant changes so you don’t have to. Whether you're an attending, a fellow, or still in training, we’ll match you with a lender who truly understands your needs and walk you through every step of the process with confidence.
Don’t Leave Your Home Purchase to Chance
When it comes to physician loans, the details matter and so does the team you choose. Before you fall for a loan that doesn’t deliver or work with an agent who doesn’t specialize in doctor homebuyers, let’s talk.
You’ve worked too hard to let the wrong advice cost you the home you deserve.
Want to be connected with a trusted physician loan lender and expert real estate support? Reach out here and let’s get started.
