Future Employment
Some lenders may consider an executed employment contract and permit closing before a new position begins, subject to timing and documentation requirements.
FOR RESIDENTS & FELLOWS
Explore Mortgage Programs Before or During Residency
Some participating lenders offer mortgage programs designed around the career path of physicians in residency or fellowship. BestDoctorLoans.com helps you explore potential matches based on your profession, timing, property plans, and financial profile.
Fast program-matching questionnaire
No obligation to proceed
Requirements vary by lender
WHY THESE PROGRAMS EXIST
A Career Path Traditional Guidelines May Not Fully Reflect
Residents and fellows may have strong future earning potential while carrying student debt, receiving training-level income, relocating for a program, or preparing to begin a new position. Certain lenders account for these circumstances through specialized underwriting guidelines.
Student Loan Treatment
Participating lenders may calculate or exclude student-loan obligations differently. The treatment depends on the program and the borrower’s repayment status.
Down Payment Options
High loan-to-value financing may be available for qualified borrowers. Maximum financing, loan amounts, and property rules vary by lender.
Mortgage Insurance
Some physician mortgage programs do not require private mortgage insurance, even with a smaller down payment. Rates and total costs should still be compared.
WHAT LENDERS MAY REVIEW
Common Resident and Fellow Eligibility Factors
No single requirement determines eligibility. A participating lender may evaluate several parts of your application together.
01
Training and profession
Your medical degree, accredited residency or fellowship, specialty, and current career stage.
02
Income and employment timing
Current training income, an executed employment agreement, start date, compensation structure, and any gap before employment.
03
Credit and monthly obligations
Credit history, recurring debts, student-loan status, and the proposed housing payment.
04
Property and available funds
Property type and use, purchase price, requested loan amount, down payment, closing funds, and reserves when required.
BEFORE YOU BEGIN
Information That Can Help
- Your residency or fellowship program and expected completion date
- Current income and recent employment history
- A future employment contract, if available
- Estimated purchase price, location, and property use
- Approximate credit range, student debt, and available funds
IMPORTANT TO KNOW
A Match Is Not an Approval
Program matching identifies options that may fit the information you provide. A lender must independently verify your application, documentation, property, and eligibility before issuing an approval or extending credit.
Program availability, interest rates, fees, loan limits, down-payment requirements, and underwriting guidelines can change and vary by lender and location.
Ready to Explore Potential Resident or Fellow Programs?
Answer a few questions to identify participating-lender programs that may align with your circumstances.
Find My ProgramsBestDoctorLoans.com is an educational and lead-generation platform operated by TopSell Media, LLC. It is not a lender, mortgage broker, loan servicer, or financial institution. Submitting information does not constitute a loan application or guarantee eligibility, approval, rates, or terms.