Doctor Loans

Doctor Mortgage Loans The No Money Down Home Loan for Doctors!

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Doctor Loans The Best Home Loan for Doctors...

Doctor Loans The Best Home Loan for Doctors...

You’ve studied hard and dedicated years to your medical career. Now, it’s time to make the most of your success with a physician loan from MacLagan Home Loans.

Our exclusive Doctor Loan program offers qualified medical professionals like you the chance to buy a home with no down payment, no private mortgage insurance (PMI), and flexible underwriting requirements.

What is a Doctor Loan?

A doctor loan, also known as a doctor mortgage or physician loan, is a specialized mortgage product designed for medical doctors, dentists, podiatrists, ophthalmologists, and veterinarians. It provides unique benefits not found in traditional home loans, including:

  • 0% down payment up to $1 million
  • Low down payment options from 5%-10% for higher loan amounts up to $2 million
  • No private mortgage insurance (PMI) required
  • Ability to qualify using future employment contract
  • Flexible underwriting guidelines

At MacLagan Home Loans, our Doctor Loan program is open to borrowers with an M.D., D.O., D.D.S., D.M.D., degree, including medical residents, fellows dentists, podiatrists, ophthalmologists, and veterinarians are permitted.

Benefits of a Doctor Mortgage Loan

1. Low to No Down Payment Required

One of the biggest advantages of a physician loan is the low down payment requirement. With our program, you can finance up to 100% of the home’s value with no money down for loan amounts up to $1 million.

For higher loan amounts between $1,000,001 and $1,250,000, only a 5% down payment is required. And for loans from $1,250,001 to $2,000,000, the down payment is 10%.

2. No Private Mortgage Insurance (PMI)

Unlike conventional mortgages  or FHA loans with low down payments, physician loans do not require private mortgage insurance (PMI). This can save you hundreds of dollars every month, making homeownership more affordable.

3. Use Future Employment Income to Qualify

As a recent medical graduate or physician starting a new job, you can qualify for our Doctor Loan using your future employment income. All you need is a non-contingent employment contract or offer letter, and sufficient reserves to cover mortgage payments until you start your new position.

4. Flexible Underwriting Guidelines

Our underwriting process is designed to accommodate the unique financial situation of medical professionals. We consider your strong earning potential, even if you have student loan debt or limited credit history.

Eligible Property Types

Our Physician Loan program is available for the purchase of primary residences only, including:

  • Single-family homes
  • Multi-unit properties (up to 2 units)
  • Warrantable condominiums
  • Non-warrantable condominiums (with 10% down payment)
  • Planned Unit Developments (PUDs)
  • Townhomes
  • Modular homes

Ineligible Property Types

The following property types are not eligible for our Doctor Loan program:

  • Investment properties
  • Second homes
  • Manufactured housing
  • Illinois land trusts & irrevocable trusts
  • Leaseholds
  • Co-ops

How to Apply for a Doctor Mortgage Loan

If you’re a medical professional interested in taking advantage of our Doctor Loan program, follow these simple steps:

1. Complete Our Doctor Loan Qualifier Survey

Start by filling out our online Doctor Loan Qualifier Survey. This will give us an opportunity to learn more about your unique situation and ensure you meet the eligibility requirements. Click the button below to take our Doctor Loan Qualifier Survey.

Doctor Loan Survey


2. Provide Documentation

After completing the survey, one of our loan officers will reach out to you to discuss the next steps and request the necessary documentation, such as:

  • Identification (driver’s license, passport, etc.)
  • Income documents (tax returns, W-2s, employment contract, etc.)
  • Proof of eligibility (medical degree, license, etc.)
  • Bank statements
  • Purchase agreement (if you’ve already found a home)

3. Stay Responsive During the Approval Process

Our team will work diligently to process your application and keep you informed every step of the way. Please respond promptly to any requests for additional information to ensure a smooth and timely closing.

Why Choose MacLagan Home Loans?

At MacLagan Home Loans, we understand the unique financial challenges faced by medical professionals. Our Physician Loan/ Doctor Loan program is designed to help you achieve the dream of homeownership while minimizing the upfront costs and underwriting hurdles.

With competitive interest rates, flexible loan terms (including fixed-rate and adjustable-rate mortgages), and a commitment to exceptional customer service, we’re the trusted choice for physician mortgages.

Don’t miss out on this incredible opportunity. Complete our Doctor Loan Qualifier Survey today, and let’s start your journey toward homeownership!

Doctor Loan Survey

Do I Qualify?

Qualify for your mortgage with no money down and no mortgage insurance with our Doctor loans. These home loans allow you to leverage your degree and career path as a doctor to get approved for the best home loan out there. Take our quick Doctor Loan Qualifier Survey to see if this is right mortgage for your home buying needs.

Do I Qualify?

Your Home Loan Could Be Fully Funded 21 Days From Now

  • Fixed Rates

    Fixed Rates

  • Adjustable Rates Mortgage (ARM)

    Adjustable Rates
    Mortgage (ARM)

  • Conforming Loans


  • Jumbo & Super Jumbo Loans

    Jumbo & Super
    Jumbo Loans

  • FHA, VA, &  USDA  Loans

    FHA, VA, & USDA

  • Terms from 5 to 30 Years

    Terms from 5 to
    30 Years

I Want My FREE Doctor Loan Rate Quote!

Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:

I Want My FREE Doctor Loan Rate Quote