Physician Loan Program · Salt Lake County & Surrounding Areas
The Smarter Way
Utah Doctors Buy Homes.
No PMI. No games. Built for how your income actually works.
0% down on homes up to $1M · Student debt excluded from DTI · Close on your employment contract
Down Payment Tiers
Loan limits vary by lender and qualification. All figures subject to approval.
How It Works
Apply Online
10 minutes. No credit pull until you're ready.
Pre-Approval Letter
Typically within 24 hours of submitting docs.
Find Your Home
Shop with full pre-approval confidence.
Close in 21–30 Days
Streamlined underwriting built for physicians.
Most Loan Programs Weren't Built for the Way Your Income Works.
This one was.
I work with physicians, dentists, pharmacists, veterinarians, and residents across Salt Lake County and Utah Valley on a loan program that most lenders either don't know about or don't bother to offer — the professional loan, also called a physician loan or doctor mortgage.
Your income profile doesn't fit the standard mortgage box. High student debt. Non-traditional pay structure. You're finishing a residency or starting your attending salary. A conventional lender gets nervous. This program was built specifically for that situation.
What Makes It Different
- ✓No PMI — ever, regardless of down payment amount
- ✓Student loan debt fully excluded from DTI calculations
- ✓Close using a signed employment contract — no pay stubs required
- ✓Future attending salary used for qualification, not current stipend
- ✓Loan amounts up to $2 million with as little as 10% down
- ✓MDs, DOs, DMDs, DDSs, PharmDs, DVMs, NPs, CRNAs, PAs eligible
- ✓0% down on homes up to $1,000,000
- ✓Fixed and ARM options — choose what fits your timeline
Real Scenario
Dr. Sarah — IM Resident, $62K stipend, $240K student loans.
Conventional mortgage lender: DTI too high, can't qualify.
Doctor loan: student debt excluded, future attending salary of $280K used. She qualifies for a $750K home in Draper with 0% down and zero PMI — and closes 2 weeks before her attending start date.
"If you've been thinking about buying and weren't sure whether your situation qualifies — I'd be surprised if it doesn't."
— Andrew Ho, CNE-Certified Realtor · License #9693539-SA00
Available Now
Get Pre-Qualified in 20 Minutes
No credit pull. No obligation. Straight talk on what you actually qualify for.
Program Details
Every Feature Designed Around Your Career
0% Down to $1M
Purchase a home up to $1,000,000 with absolutely no down payment and no PMI added to your monthly payment.
Employment Contract Closes
Finishing residency and starting a new attending position? An executed offer letter or employment contract is all you need — no pay stubs.
Student Loans Don't Count
Your $250K in med school debt doesn't torpedo your DTI ratio. Doctor loan underwriters exclude or heavily discount student loan balances.
Future Income Counted
Lenders underwrite based on your new attending salary — not your current resident stipend. Buy the home that fits where you're going, not where you are.
21–30 Day Close
Competitive closing timeline. Pre-approval in 24 hours. You're not waiting months while rates drift.
Fixed & ARM Options
30-year fixed for stability, 5/1 or 7/1 ARM if you plan to move in a few years. ARM rates on physician loans are often exceptionally competitive.
Side-by-Side
Doctor Loan vs. Conventional
| Feature | Doctor Loan | Conventional |
|---|---|---|
| PMI Required | Never | Yes (< 20% down) |
| Min. Down Payment | 0 – 5% | 3 – 20% |
| Max Loan Amount | $2M+ | ~$766K (conforming) |
| Student Debt in DTI | Excluded | Full 1% of balance |
| Close on Contract | Yes | No — needs paystubs |
| Eligible Day 1 | Yes — starts with offer letter | Typically 30 days employed |
| Income Type Flexibility | 1099, W-2, mixed | W-2 preferred |
| Prepayment Penalty | None | Usually None |
| Loan Types | Fixed & ARM | Fixed & ARM |
| Credit Score Min. | 700+ | 620+ |
Conventional conforming limit for 2024. Figures are representative — individual results vary by lender and qualification.
From the Field
Utah Physicians Who Made the Move
"I matched at UVRMC and was moving from out of state. I thought I'd have to rent for at least a year. Andrew walked me through the physician loan process and we closed on a house in Orem before my start date."
Dr. K.M.
Internal Medicine Resident → Attending, Utah Valley
"I had $220K in student loans and assumed I'd never qualify. My DTI looked terrible on paper. But with the doctor loan program, the underwriter completely excluded the student debt. We bought in South Jordan — great neighborhood, great schools."
Dr. A.T.
Emergency Medicine, Salt Lake County
"The 0% down option was genuinely life-changing. We'd been saving, but buying with nothing down meant we kept that cash liquid. Andrew made the process simple."
Dr. L.P.
Hospitalist, Intermountain Health
Service Area
Communities We Specialize In
Strong inventory for physicians near Utah's major hospital systems — from the South Valley to the Wasatch Front.
Timing
Why Buy in Salt Lake County Now
South Valley Value
Draper, South Jordan, Herriman & Riverton offer strong inventory, I-15 access, and proximity to Intermountain Health, U of U Health, and Silicon Slopes employers.
Buy on Resident Salary
A resident buying today locks in a price. An attending buying that same neighborhood three years from now pays significantly more — if it's even available.
Stop Paying Rent
The average rent for a 3BR in the South Valley is $2,200–$2,600/month. A doctor loan payment on a $700K home often runs similarly — and you're building equity.
Common Questions
Doctor Loan FAQ
Do I need to be board-certified to qualify? +
No. You need to hold an eligible professional designation (MD, DO, DMD, DDS, PharmD, DVM, NP, CRNA, PA) or be in residency/fellowship. Board certification is not required.
Can I use this if I'm still a resident or fellow? +
Yes — this is one of the biggest advantages of the program. You can close using your residency contract or an upcoming attending employment offer letter. Your future attending salary is used for qualification, not your current stipend.
What if I have significant student loan debt? +
Doctor loan programs exclude student loan debt from your debt-to-income (DTI) calculation entirely, or use only the income-based repayment (IBR) payment amount. A physician with $300K in student loans can still qualify comfortably.
Is this program available for investment properties? +
No. Doctor loans are for primary residences only. You must intend to occupy the home within 60 days of closing.
What credit score do I need? +
Most programs require a minimum 700 FICO score. Some programs have options at 680+. If your score is below 700, we can discuss rapid rescore strategies before applying.
How is this different from an FHA or jumbo loan? +
FHA loans require mortgage insurance for the life of the loan. Jumbo loans require 20%+ down and full student loan balances in DTI. Doctor loans have none of those restrictions — no PMI ever, 0–10% down, and student debt excluded.
Is there an income limit? +
There is no upper income limit. Lower income limits depend on the lender — but residents and fellows earning $50K–$80K typically qualify because the program is underwritten on future attending income.
What's the maximum loan amount? +
Most lenders offer up to $1,500,000 with 5% down and up to $2,000,000 with 10% down. Some programs go higher for attending physicians with strong credit.
Can I use a doctor loan if I already own a home? +
In most cases, yes — as long as the new home will be your primary residence and you can qualify for both mortgages based on your income. We can walk through your specific situation.
Do I have to use a specific lender or bank? +
I work with multiple physician loan lenders across Utah. We compare offers and pick the best fit for your situation — rate, terms, and closing costs all matter. You're not locked into one product.
Ready to Find Out What You Qualify For?
A 20-minute conversation is all it takes. No pressure. No obligation. Just clarity.
Not a commitment to lend. All loan programs subject to underwriting approval, income verification, and credit qualification. Program terms and availability subject to change. Information provided for educational purposes only.