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Best Physician Mortgage Loans
for 2026
Side-by-side comparison of the Top 5 lenders offering exclusive home loan programs for doctors. Zero down payment and no PMI. Read our comprehensive Physician Mortgage Guide to understand exactly how these loans work, or combine with student loan refinancing to free up maximum monthly cash flow.
Lender Comparison Table
Loan terms and limits current as of July 2026. Qualifications vary by state and individual financial profile.
| Lender | Min Down Payment | Max Loan Amount | PMI | DTI Logic | Availability |
|---|---|---|---|---|---|
| Huntington Bank | $0 | $1M at 0% · $1.75M at 5% · $2.5M at ~10% | None | Up to 50% | State list not published |
| TD Bank | $0 | $1M at 0% · $1.5M at 5% · $2M at ~10% | None | Flexible; no ceiling published | 16 states, Maine to Florida |
| BMO | $0 - 10% | Up to $2M | None | Flexible | National |
| Truist | $0 | Varies | None | Standard | National (30+ states) |
| KeyBank | Not published | Up to $3.5M (highest published ceiling) | None | Not published | 15-state footprint; mortgage states not published |
- Min Down Payment
- $0
- Max Loan Amount
- $1M at 0% · $1.75M at 5% · $2.5M at ~10%
- PMI
- None
- DTI Logic
- Up to 50%
- Availability
- State list not published
- Min Down Payment
- $0
- Max Loan Amount
- $1M at 0% · $1.5M at 5% · $2M at ~10%
- PMI
- None
- DTI Logic
- Flexible; no ceiling published
- Availability
- 16 states, Maine to Florida
- Min Down Payment
- $0 - 10%
- Max Loan Amount
- Up to $2M
- PMI
- None
- DTI Logic
- Flexible
- Availability
- National
- Min Down Payment
- $0
- Max Loan Amount
- Varies
- PMI
- None
- DTI Logic
- Standard
- Availability
- National (30+ states)
- Min Down Payment
- Not published
- Max Loan Amount
- Up to $3.5M (highest published ceiling)
- PMI
- None
- DTI Logic
- Not published
- Availability
- 15-state footprint; mortgage states not published
Huntington Bank
Pros
- 100% financing up to $1 million with no PMI; 5% down to $1.75 million
- Open from the day you match: students with a contract, residents, fellows, practicing
- Close up to 90 days before residency or a new job starts
Cons
- Only ARM terms (3–15 year) are published; no fixed-rate option is listed
- No published state list or student-loan DTI treatment; you have to call to pre-screen
The Bottom Line: One of the first two or three programs a resident or new attending buying under $1 million should quote. Terms verified on Huntington’s site September 14, 2026. Read the full Huntington review for what the program pages leave out.
How we scored 5/5
Huntington scores 5.0 on published terms: three clear tiers, a 50% DTI ceiling, and eligibility from match day. The unpublished fixed-rate option and state list are the reasons to get answers in writing before relying on it.
TD Bank
Pros
- 100% financing to $1 million; fixed or adjustable rate, both published
- DPM, oral surgeons, and self-employed doctors named as eligible; condos and co-ops allowed
- An employment contract can be used as proof of income
Cons
- Only in the 16 states where TD has branches, and you need a TD checking account
- Must be less than 10 years out of residency; program caps at $2 million
The Bottom Line: The strongest published program for East Coast residents and new attendings buying under $1 million, especially if you want a fixed rate or a condo. Terms verified on TD’s site September 14, 2026. Read the full TD Bank review for the eligibility rules and what TD doesn’t publish.
How we scored 4.8/5
TD scores 4.8 on published terms: three clear tiers, a fixed-rate option in writing, and the broadest eligibility list of the East Coast banks. The footprint, the checking-account requirement, and the unpublished DTI ceiling are the reasons to confirm before you rely on it.
BMO
Pros
- One of the few lenders offering a dedicated Physician Construction Loan
- Up to $2 Million loan amounts for building your dream home
- Competitive ARMs (Adjustable Rate Mortgages)
Cons
- Construction loan process is naturally more complex than standard purchases
- Slightly stricter underwriting for custom builds
The Bottom Line: If you plan to build your dream home or do a massive renovation, BMO is the specialist you need. Most physician loans are for existing homes only, making BMO a unique and essential player in the market.
How we scored 4.7/5
BMO scores 4.7 for filling a critical gap in the market: construction loans. While standard purchases are great, BMO's unique product offering makes them the go-to for physicians building custom homes.
Truist
(formerly SunTrust/BB&T)Pros
- One of the oldest and most established physician loan programs
- Available in many states across the US
- Solid digital banking experience and easy online application
Cons
- Can be slightly more conservative on underwriting than regional banks
- Customer service can feel like a large bank (less personalized)
The Bottom Line: Truist helped invent the physician mortgage. They have a very mature, reliable program that works for the vast majority of doctors looking for 100% financing across their massive footprint.
How we scored 4.8/5
Truist scores 4.8 for reliability and reach. They practically invented the category and offer a seamless, predictable process for physicians in over 30 states.
KeyBank
Pros
- The highest published ceiling in physician lending, with fixed or variable rate and cash-out refinancing in writing
- The widest eligibility list: interns, researchers, clinical professors, managing physicians, DPM
- No published years-out-of-training limit; 0.25% client rate discount advertised
Cons
- Not one down-payment tier is published; the 0%-to-$1M figures quoted elsewhere are third-party reports
- No DTI, student-loan treatment, closing window, or state list on the program page
The Bottom Line: The first quote for a purchase above $2 million, or for a physician-scientist, clinical professor, or established attending other programs don’t name. Terms verified on KeyBank’s site September 14, 2026; Laurel Road’s physician mortgage now leads here. Read the full KeyBank review before you rely on any tier.
How we scored 4.3/5
KeyBank scores 4.3: the ceiling and eligibility list are the best published, but everything below $3.5 million has to be extracted from a loan officer rather than read on the page.
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Down Payment Savings
Cash saved upfront vs a conventional 20% down loan
Are Physician Loans Always the Best Option?
Not always. If you already have 20% cash saved for a down payment and your student loans are low, a conventional mortgage will usually offer a slightly lower interest rate than a physician loan. Physician loans are designed to solve a specific problem: high income coupled with high student debt and low cash reserves. If you don't fit that profile, shop conventional rates as well.
Frequently Asked Questions
What is a physician mortgage loan?
A physician mortgage (or doctor loan) is a specialized home financing product designed specifically for medical professionals. They offer unique underwriting criteria that ignore student loan debt (or calculate it favorably), allow for zero to very low down payments, and do not require Private Mortgage Insurance (PMI).
Do I need a 20% down payment?
No. The primary benefit of a physician loan is the ability to finance 100% of the home's purchase price without paying PMI. Many lenders offer zero down up to $1 million, and 5–10% down for loans up to $2 million or more.
Can I close on a home before I start my new attending job?
Yes. Most physician mortgage programs allow you to close on a home up to 60 or 90 days before you actually start your new job, using your signed employment contract as proof of income. This makes relocating for residency, fellowship, or a new attending position much easier.
Is the interest rate higher than a conventional mortgage?
It can be slightly higher — typically 0.125% to 0.25% higher than a conventional mortgage with 20% down. However, because physician loans do not charge PMI, your overall monthly payment is usually significantly lower than a conventional loan with less than 20% down.
Do these loans work for refinancing my current home?
Yes, many lenders offer rate/term and cash-out refinances using physician loan criteria. This can be an excellent strategy if your home has appreciated or you want to drop PMI from a conventional loan you took out during residency.
Disclaimer: Loan limits, down payment requirements, and product availability are current as of July 2026 and are subject to change. Your actual approval and rate depend on creditworthiness, income, DTI, loan amount, and location. This page contains affiliate links — MedMoneyGuide may earn a commission if you originate a loan through our links. This does not influence our ratings, which are based on independent analysis of each lender's physician-specific features and customer experience. This article is for educational purposes only and does not constitute financial or real estate advice.
Editorial Credibility
Joshua Dunigan, DO | Family Medicine Physician & Founder
I founded MedMoneyGuide to provide physicians with unbiased, specialty-specific financial guidance. My goal is to add transparency and credibility to your financial journey.