Home Loans for Doctors: Premier Choice Mortgage Program

Doctors play an essential role in every community. Their dedication begins long before they ever treat a patient—years of demanding coursework, clinical rotations, residencies, and ongoing training all prepare them to deliver the highest level of care. However, that same dedication to learning and serving others can also come with tough financial challenges. With extended education timelines and significant student loan obligations, many medical doctors find that buying a home can feel out of reach, especially early in their careers.

Doctor mortgage loans are specialized home loan programs created to help medical professionals buy homes sooner, even with high student loan balances or limited savings. Academy Bank’s Premier Choice Loan Program provides up to 100% financing, no private mortgage insurance requirements, and flexible qualification guidelines—making it easier for medical doctors to take the next step toward homeownership.

Key Points

• The Premier Choice Loan Program offers 100% loan-to-value financing for qualifying medical doctors.
• In most cases, private mortgage insurance (PMI) is not required.*
• Designed for professionals with strong earning potential but limited funds for down payments.
• Built to reflect the unique financial path of doctors across many specialties—MDs, DOs, surgeons, residents, ophthalmologists, optometrists, psychiatrists, and more.

Why Do Medical Doctors Have Trouble When Buying a Home?

Becoming a doctor requires years of academic study, hands-on clinical experience, and significant financial investment. After undergraduate education, four years of medical school, and several years of residency or fellowship training, many medical doctors graduate with substantial student loan balances.

According to the Association of American Medical Colleges (AAMC), 71% of doctors graduated with medical school debt in 2024, with an average debt amount totaling $212,341 per person. And many graduates take on even higher loans depending on specialty, school, and length of training.

Despite excellent long-term earning potential, early-career doctors often face financial hurdles such as:

• High student loan balances affecting debt-to-income (DTI) ratios
• Minimal savings due to years spent on training
• Relocation needs for residency, fellowships, or new positions
• Income that is rising but not yet stabilized

Traditional mortgage lenders may place heavy emphasis on down payment requirements, low DTI thresholds, and long employment histories—all of which can make qualifying difficult for medical doctors who are still early in their professional life.

This is where specialized mortgage programs for doctors—like Academy Bank’s Premier Choice Loan Program—are especially valuable.

What Is the Premier Choice Mortgage Program?

With the Premier Choice Loan Program, medical doctors gain access to a mortgage solution built around the realities of long training periods, student debt, and early-career financial transitions.

Unlike conventional mortgage loans, this program considers the long-term financial prospects of medical professionals. It recognizes that student loans don’t reflect a borrower's true financial strength—especially for those entering high-earning medical careers.

Highlights of the Program

• Up to 100% Financing: No down payment is required for qualified borrowers.
• No PMI Requirements: Many eligible borrowers are able to avoid private mortgage insurance, lowering monthly costs.
• Flexible Qualification Requirements: Underwriting considers medical school loans and new professional income.
• Competitive Mortgage Interest Rates: Helps keep monthly payments manageable.
• Available to Early-Career Professionals: Even resident doctors or newly hired physicians may qualify.

These features make the Premier Choice Mortgage Program a strong option for medical doctors ready to purchase a home without waiting years to save a down payment.

The Benefits of Specialized Home Loans for Doctors

Buying a home is a major milestone—both financially and personally. Medical doctors often spend close to a decade preparing for their careers before earning a full attending-level salary. By the time they are ready to buy a home, they have already demonstrated financial discipline through years of demanding training.

However, traditional mortgage programs don’t always account for the realities of medical education and career progression. Standard requirements related to down payments, debt ratios, and employment history can unintentionally prevent early-career doctors from qualifying for a mortgage loan.

Doctor mortgage loans eliminate many of these barriers. With 100% loan-to-value financing and no PMI, these programs allow physicians to focus on building their careers, their families, and their financial future.

For Example: Let’s say a medical doctor wants to purchase a $500,000 home. In that situation, a conventional lender might require a $50,000–$100,000 down payment.

But with the Premier Choice Program, that same home can be purchased with no down payment, making homeownership much more achievable while still managing student loan obligations.

What to Consider Before You Apply for Mortgage Program

Even with a specialized home loan for medical doctors, it is important to review your mortgage options carefully. Keep the following in mind:

• Mortgage Rates: Compare the difference between fixed and adjustable mortgage rates to understand how they impact monthly payments.
• Loan Term: A 30-year mortgage offers lower monthly payments, while a 15-year mortgage helps build equity faster.
• Career Path: If you expect to relocate for specialty training or a new position, think about your long-term plans.
• Budget: Use Academy Bank’s mortgage calculator to estimate monthly payments and identify what fits your financial comfort zone.

These considerations can help you make informed decisions about your home loan and long-term financial strategy.

How to Qualify for a Doctor Mortgage Loan

The qualification process for a doctor mortgage loan through Academy Bank’s Premier Choice Program is designed to be straightforward and supportive. Most medical doctors will need:

• Proof of professional degree (MD or DO)
• An employment contract or verification of income
• A credit history that reflects responsible financial behavior
• Documentation of any outstanding student loans

Academy Bank understands that many doctors are just entering or transitioning within their careers. That’s why this program takes professional trajectory and future earning potential into account—something many other lenders do not.

Why Choose Academy Bank for Doctor Home Loans

At Academy Bank, we understand that medical doctors face unique financial circumstances. After years of education and service to patients, you deserve a mortgage experience built around your profession—not one that works against it.

With Academy Bank, doctors benefit from:

• Personalized Guidance: Work with mortgage bankers who are experienced in supporting medical professionals.
• Helpful Tools: Explore financial calculators and online resources to evaluate payment options.
• Transparent Terms & Competitive Rates: Get the clarity you need to make informed decisions.
• Local Decision-Making & Dedicated Support: Receive responsive, hands-on assistance from a team that values long-term relationships.

Together, these tools and services empower you to move forward with confidence—whether you are buying your first home or upsizing to fit your growing needs.

Frequently Asked Questions About Doctor Mortgage Loans

What is a doctor mortgage loan?

A doctor mortgage loan is a special home loan program designed for medical doctors and other licensed professionals. It offers up to 100% financing, no PMI requirements, and flexible qualification criteria tailored to the financial realities of medical careers.

 

Who qualifies for the Premier Choice Home Loan Program?

Medical doctors, dentists, pharmacists, and other licensed professionals may be eligible. Applicants typically need proof of degree or licensure, an employment contract, and a strong credit history.

 

Do medical doctors need a down payment for this mortgage loan?

Not usually. The Premier Choice Program offers 100% loan-to-value financing for qualifying borrowers.

 

Is PMI required?

No. Private mortgage insurance is typically not required for Premier Choice home loans, helping lower monthly payments.

 

Can resident doctors apply?

Yes. Many residents and newly hired physicians qualify. The underwriting process looks at anticipated earnings rather than just current salary.

Ready to Buy a Home?

Medical doctors dedicate years to education, training, and patient care. Now it’s time to invest in your own future with support from a mortgage program built specifically for professionals like you.

Academy Bank’s Premier Choice Loan Program offers up to 100% financing, no PMI, and a streamlined approval process—helping you achieve homeownership sooner and with fewer obstacles.

If you’re ready to explore mortgage loan options tailored to medical doctors, visit us online and connect with one of our mortgage experts today.