New Doctor Loan Program: 100% Financing for Medical Professionals

The Adam Heaney Home Loan Team is excited to announce a brand-new loan program designed specifically for medical professionals. If you’re a doctor, dentist, pharmacist, or other medical professional, this program was built with you in mind — recognizing the unique financial journey you’ve been on and offering flexible financing to help you finally achieve homeownership.

The Challenge Doctors Face

Medical professionals spend years — often a decade or more — in school and training before they begin earning a full attending salary. Along the way, many accumulate significant student loan debt. By the time they’re ready to buy a home, they may have strong earning potential but limited savings for a traditional 20% down payment. That gap has historically kept talented physicians out of the housing market longer than they should be.

This program closes that gap.

Loan Parameters

Here are the key details of the Doctor Loan program:

• Loan types: Primary purchase and rate & term refinance transactions only
• Fixed-rate options: 15-year and 30-year fixed rates
• Minimum FICO score: 680
• Loan-to-Value (LTV): 90.01% to 100% — up to 100% financing available
• Loan amounts: $100,000 to $2,000,000
• No mortgage insurance required
• Maximum Debt-to-Income (DTI) ratio: 45% for LTV greater than 95% · 50% for LTV 95% or less

Who Qualifies?

This program is available to a wide range of medical professionals. If you hold one of the following degrees or certifications, you may be eligible:

• Medical Doctor (MD)
• Doctor of Osteopathy (DO)
• Doctor of Dental Science or Surgery (DDS)
• Doctor of Dental Medicine (DMD)
• Doctor of Ophthalmology (MD or DO)
• Doctor of Psychiatry (MD or DO)
• Doctor of Pharmacy (PharmD)
• Doctor of Veterinary Medicine (DVM or VMD)
• Doctor of Podiatric Medicine (DPM)
• Certified Registered Nurse Anesthetist (CRNA with DNAP or DNP)
• Medical residents, fellows, or interns with one of the above degrees

The inclusion of medical residents, fellows, and interns is especially noteworthy — you don’t have to wait until you’ve completed your training to take advantage of this program.

Key Benefits

• No mortgage insurance. Unlike FHA or low-down-payment conventional loans, this program does not require PMI or MIP — saving you hundreds of dollars every month.
• 100% financing available. You can purchase a home with zero down payment, preserving your savings for moving costs, furnishing, or an emergency fund.
• Flexible DTI allowances. With a maximum DTI of up to 50% (at 95% LTV or less), this program accommodates the reality of student loan balances on your credit report.
• Fixed-rate stability. Choose a 15-year or 30-year fixed rate and know exactly what your payment will be for the life of the loan. And remember — “Nothing stays fixed for 30 years,” so if rates drop down the road, you can always refinance into something better.

Why This Matters

Many doctors finish their training with six figures in student loan debt and limited savings. A traditional mortgage program requiring 20% down on a $600,000 home means $120,000 in cash — and that’s before closing costs. For a physician still paying off loans and building their practice, that’s a significant barrier.

This program removes that barrier. By offering 100% financing with no mortgage insurance, it allows medical professionals to transition from training to homeownership without waiting years to save a down payment. And because the program also supports rate-and-term refinancing, doctors who already own a home can take advantage of better terms down the road.

I’ve seen firsthand how frustrating it can be for highly qualified professionals to be told they need to wait. Your earning potential is strong, your career trajectory is solid, and your mortgage should reflect that reality.