Home Loans Built for Doctors and Nurse Practitioners
Up to 100% financing, no mortgage insurance, and a signed contract can count as your income. Here is what to send.
A physician loan lets doctors and other medical professionals buy with little or nothing down, even before the new job starts.
This physician loan checklist covers what to send whether you are already working, starting a new job, in residency or self-employed. The JD.Mortgage Team at PRMG is a direct lender, and a real underwriter reads every file. 25+ years, 3,100+ closed loans, Scotsman Guide Top Originator 2026. Lending in 49 states. New York excluded.
What Documents Do You Need for a Physician Loan? The Short Answer
You need a photo ID, proof of your medical license or degree, 2 months of bank statements, and proof of income: pay stubs and W-2s if you are working, or a signed contract if your job starts within 150 days of closing. Loans go to 100% financing up to $1,500,000 at a 680 score and up to $2,000,000 at 720, with no mortgage insurance.
Who Needs What, at a Glance
| Your situation | What to send |
|---|---|
| Already working | 30 days of pay stubs and 2 years of W-2s |
| Starting a new job | Signed contract or offer letter, start date within 150 days of closing |
| Resident or fellow | Pay stubs and your residency or fellowship contract |
| Self-employed | At least 1 year of personal and business tax returns |
| Student loans | Statements showing the payment and status |
Your Physician Loan Checklist
Everyone
- ☐ Photo ID
- ☐ Proof of your medical license or degree
- ☐ Bank statements: last 2 months, all pages
- ☐ Student loan statements showing the payment and status
Already working
- ☐ Pay stubs covering the last 30 days
- ☐ W-2s from the last 2 years
Starting a new job
- ☐ Your signed employment contract or offer letter, showing your title, pay and a start date no more than 150 days after closing
Self-employed or 1099
- ☐ At least 1 year of personal and business tax returns
- ☐ A year-to-date P&L, depending on the time of year
If it applies to you
- ☐ Divorce decree
- ☐ Child support or alimony orders
- ☐ A signed gift letter. The whole down payment can be a gift.
Starting a new job soon? Send us your contract and we will tell you how early you can close.
Start My ApplicationWho Qualifies
- Doctors: MD and DO, including residents, fellows and interns.
- Other doctors: dentists (DDS, DMD), pharmacists (PharmD), veterinarians (DVM, VMD) and podiatrists (DPM).
- Nurses: nurse practitioners with an MSN or DNP, and nurse anesthetists (CRNA).
- The home: your main home, 1 unit.
Student loans in deferment or on a $0 income-based plan can be left out of your debts during residency or fellowship. See physician loans and student loans.
How to Apply, Step by Step
Start the application
It takes about 2 minutes. No SSN and no credit pull on the first step.
We review your scenario
We look at your contract or pay, student loans and down payment.
Upload your documents
Use the checklist above. A real underwriter reads your file.
Get your pre-approval
You shop with a letter, even before your job starts.
Physician Loan Application FAQ
What documents do I need for a physician loan?
You need a photo ID, proof of your medical license or degree, 2 months of bank statements and student loan statements. For income, send pay stubs and W-2s if you are working, or a signed contract if your new job starts within 150 days after closing.
Can I buy a home before my new job starts?
Yes. A signed employment contract or offer letter can count as your income if the start date is no more than 150 days after closing. It must show your title, your pay and your start date.
How much can I borrow with no down payment?
Up to 100% financing to $1,500,000 with a 680 credit score, and to $2,000,000 with a 720 score. There is no mortgage insurance. The home must be your main home and a single unit.
Are nurse practitioners eligible for a physician loan?
Yes. Nurse practitioners with an MSN or DNP are eligible, as are nurse anesthetists. Doctors, dentists, pharmacists, veterinarians and podiatrists are eligible too, including residents, fellows and interns.
How are student loans counted?
During residency or fellowship, student loans in deferment or on a $0 income-based plan can be left out of your debts. After that, we count the payment shown on your statement. Send the statements and we sort it out.
How long does the first step take?
About 2 minutes. There is no SSN and no credit pull on the first step. After that, we review your contract or pay and send you the exact documents your file needs.
Related Pages
About the Author
J.D. Peck is an Area Manager and Mortgage Loan Originator (NMLS #314883) with the JD.Mortgage Team at Paramount Residential Mortgage Group, Inc. (NMLS #75243), based in Colorado Springs. 25+ years, 3,100+ closed loans, Scotsman Guide Top Originator 2026. Lending in 49 states. New York excluded.
Last updated: September 25, 2026. Program facts sourced from the PRMG Medical Professionals Product Profile (09/17/2026) and Expanded Guidelines v1.3.
Start Your Physician Loan
It takes about 2 minutes. Send your contract or pay details and we tell you how much you can buy.
What are you looking to do?
No SSN required. No credit pull. Takes about 2 minutes.