Question 1

Do physician loans require PMI?

Accepted Answer

No. Physician mortgage loans are specifically structured to waive PMI (private mortgage insurance) even with down payments below 20%, recognizing the low default risk of medical professionals.

Question 2

Can a medical resident get a doctor loan in Florida?

Accepted Answer

Yes. Residents and fellows can qualify for physician loans in Florida using a signed employment contract as proof of future income, even before their residency ends.

Question 3

Are student loans excluded from doctor mortgage qualification?

Accepted Answer

Physician loan programs typically exclude student loans that are in deferment or on an income-based repayment plan from the debt-to-income calculation, making it much easier for doctors to qualify despite large student debt.

Medical Professionals Home Loan Program

Medical Professional Home Loan Guide