Grab your favorite cup of coffee, open your notepad, iPad, MacBook, or whatever you prefer to take notes with—this post is packed with everything you need to know about physician loans. We’ll walk you through the process step-by-step, from researching and comparing banks to negotiating the best mortgage rates. Let’s...

After four years of intense classes, conferences, and grueling residency applications, you’ve finally reached the next milestone in your medical career—you’re ready to start practicing medicine! Your first year of residency will be packed with new experiences, patients, and opportunities that will shape you into a competent and confident physician....

As a medical professional, whether you’re just starting your residency or you’re an attending physician, you face unique financial challenges—especially when it comes to homeownership. Physician home loans, also known as doctor or physician loans, are designed specifically to meet the needs of doctors like you. These specialized mortgage products...

Securing a doctor mortgage doesn’t have to be stressful, especially when you know what to expect. Being well-prepared with the right documents will make the loan process smoother and help ensure your loan closes on time. While the specific requirements can vary from bank to bank, getting organized early will...

Ah, choices—so many decisions to make! If you’re a new resident preparing for your post-Match Day move, or an established physician considering a relocation, one of the biggest questions on your mind is likely: “Should I rent or buy a home with a physician loan mortgage?” This question isn’t just...

One of the most significant advantages of doctor mortgage loans is that they don’t require Private Mortgage Insurance (PMI). This benefit can save you a substantial amount of money over the life of your loan, making it a key reason why physician loans are so valuable. PMI is often seen...

If you’re considering a doctor mortgage loan, one of the first questions on your mind is likely, “How much can I borrow?” This is a crucial consideration as you begin your journey into homeownership, especially as a new resident. While your current income might not support a luxury home purchase,...

The journey to financial freedom can be a long one, but purchasing a home early in your life is one way to accelerate your progress. A key concept to understand as you embark on this journey is mortgage amortization. While the term “amortization” might sound a bit intimidating, it’s actually...

When it comes to purchasing a home, especially in today’s competitive real estate market, you may find that the property you’re interested in exceeds the typical loan limits set by conventional mortgage programs. This is where jumbo loans come into play. But what exactly is a jumbo loan, and how...

Physician mortgage loans offer several attractive benefits, including low down payment requirements, a straightforward income verification process, and no PMI. These advantages make physician loans an appealing option for many doctors. As a borrower, you might be tempted to buy down your interest rate to lower your overall mortgage costs—but...