Physician Loan Requirements
Credit, reserves, income documentation and property rules for doctor home loans.
Apply NowCredit and reserves
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.
- Minimum FICO 680 (loans $100,000–$1,500,000) or 720 ($1,500,001–$2,000,000) — 1 score required
- Reserves above 95% LTV: 3 months PITIA up to $1,500,000; 6 months PITIA above
- Verified gift funds allowed for reserves
- Seller concessions up to 3%
Eligible degrees
- MD — Medical Doctor (all specialties)
- DO — Doctor of Osteopathic Medicine
- DDS / DMD — Dental Surgery & Medicine
- PharmD — Doctor of Pharmacy
- DVM / VMD — Doctor of Veterinary Medicine
- DPM — Doctor of Podiatric Medicine
- CRNA — Nurse Anesthetist (DNAP / DNP)
- Residents and fellows — interns, fellows and trainees
Income documentation
- Employment contract: start date within 60 days of closing
- 1099 / locum tenens: executed contract with compensation rates and minimum production or hours, first-12-month projected income, and verification of no unreimbursed expenses — see 1099 and locum tenens physician loans
- Self-employed practice owners: a year-to-date P&L only when the practice is the primary income source; required for note dates on or after April 30; may be omitted when two years of filed returns show non-declining income; if YTD revenue is declining, the lower figure is used
Property requirements
- Primary single-unit residences only
- Not eligible: 2–4 unit owner-occupied homes, second homes, investment property, model-home leasebacks, tenants-in-common
- Not eligible: non-warrantable condos, condotels, co-ops, manufactured / mobile homes, mixed-use buildings, working farms or orchards
- Acreage limits: parcels over 10 acres on ARMs / 15-year fixed, over 40 acres on 20–30-year fixed; C5/C6 condition and Q6 quality ratings are not eligible
How to get your doctor home loan
Frequently Asked Questions
What credit score do I need for a physician loan?
680 for loans up to $1,500,000; 720 for $1,500,001–$2,000,000.
How much in reserves do I need?
Above 95% LTV: 3 months of PITIA up to $1,500,000 and 6 months above that. Gift funds can count.
Which degrees qualify?
MD, DO, DDS/DMD, PharmD, DVM/VMD, DPM, CRNA, plus residents, fellows, interns and trainees.
Can I buy a condo?
Non-warrantable condominiums and condo-hotels (condotels) are not eligible; ask us about a specific condo.
Can I use the loan for a second home or rental?
No — the program is for primary single-unit residences only.
Think you qualify? Start your application.
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.