Home Loans for Medical Residents & Fellows
Close on your home up to 60 days before your residency or fellowship starts — 0% down, no PMI.
Apply NowBuying a home before residency starts
Relocating for a surgical residency, a medical fellowship or a first attending role usually means buying before your first paycheck. With a doctor home loan you can finalize underwriting and close up to 60 days before your official start date, using your executed employment agreement as proof of income.
What makes it work for residents
- Contract-based approval — your signed agreement replaces the usual pay history
- Student loans deferred or on IDR/IBR plans can be excluded from DTI or documented with servicer statements
- 0% down and no PMI, so your savings can go to the move
- Gift funds can cover the required reserves
- Interns, fellows and trainees are eligible borrowers
Physician loan matrix
Up to 100% financing
0% down payment (100% LTV) — no private mortgage insurance at any down payment.
$100,000 – $1,500,000
680 minimum FICO (1 score) · 3 months PITIA reserves above 95% LTV · 3% max seller concessions.
$1,500,001 – $2,000,000
720 minimum FICO (1 score) · 6 months PITIA reserves above 95% LTV · 3% max seller concessions.
Terms
15, 20, 25 and 30-year fixed · 5/6, 7/6 and 10/6 ARMs.
Medical students
The program requires at least one borrower who is practicing, in fellowship or beginning residency with an eligible clinical degree. Medical students typically qualify once they have a signed residency or employment contract with a start date within 60 days of closing.
How to get your doctor home loan
Frequently Asked Questions
Can medical residents get a home loan?
Yes. Residents, interns, fellows and trainees with an eligible clinical degree can qualify, with 0% down and no PMI.
Can I buy a home before residency starts?
Yes — close up to 60 days before your start date with your executed employment agreement.
Do my medical school loans count against me?
Eligible student loans in deferment or on IDR/IBR plans can be excluded from DTI or documented using servicer statements.
Can my parents help with reserves?
Yes, verified gift funds are 100% permissible to satisfy the post-closing reserves.
Can a medical student get a home loan?
Once you have a signed residency or employment contract starting within 60 days of closing and meet the program’s credit and reserve rules.
Matched for residency? Lock in your home before you move.
Apply NowGeneration Mortgage Associates, LLC · 1155 South Pasadena S, Suite H, South Pasadena, FL 33707 · Call (727) 642-1166 · Monday–Friday, 9:00 AM–5:00 PM EST · NMLS 1283562. Program guidelines can change; all loans are subject to credit approval and underwriting.