Physician & Professional Loans
Certain professionals — physicians, dentists, and in some programs attorneys and others — have an earnings trajectory lenders recognize as exceptionally reliable, even when they are early-career and carrying heavy student debt. Professional loan programs are built around that reality.
What makes them special
- Low or no down payment without the usual penalty.
- No private mortgage insurance, even with a small down payment — a meaningful monthly saving.
- A sane treatment of student loans, often excluding deferred student debt or using a reduced payment, in recognition of the career ahead.
- Use of an employment contract to establish income before the first paycheck.
Who qualifies
Eligibility centers on the profession and the degree, and the exact list varies by program. A new physician with six figures of student debt and a signed contract — who a conventional lender might turn away — is precisely who these loans were designed to serve.
If you are a resident or newly practicing professional, do not assume your student debt disqualifies you. Ask specifically about a professional loan program — the whole point is that it looks at your career, not just this year’s balance sheet.