What medical degrees qualify for a Doctor Loan?

Doctor Loans are available for medical professionals with the following degrees: M.D. (Doctor of Medicine), D.O. (Doctor of Osteopathic Medicine), D.D.S. (Doctor of Dental Surgery), D.M.D. (Doctor of Medicine in Dentistry), and D.V.M. (Doctor of Veterinary Medicine). This includes medical doctors, dentists, podiatrists, ophthalmologists, and veterinarians.

Can residents and fellows qualify for a Doctor Loan?

Yes! Doctor Loans are specifically designed to help residents and fellows purchase homes even before completing their training. You can qualify with an employment contract or offer letter, and you do not need an extensive job history. This makes it ideal for medical professionals just starting their careers.

How much can I borrow with a Doctor Loan?

Doctor Loans offer higher loan limits compared to conventional loans, recognizing the earning potential of medical professionals. The exact amount depends on your income, credit profile, and the property location. Our loan officers can help determine your specific loan amount based on your unique situation.

Do I really not need mortgage insurance (PMI)?

Correct! One of the biggest advantages of Doctor Loans is that you can finance up to 100% of the home purchase without paying private mortgage insurance (PMI). This can save you thousands of dollars annually compared to conventional loans that require PMI when you put down less than 20%.

What states are Doctor Loans NOT available in?

Doctor Loans are not currently available in Alaska (AK), California (CA), District of Columbia (DC), Hawaii (HI), and Maine (ME). If you are located in any other state, you should be eligible to apply for a Doctor Loan.

Can I use a Doctor Loan to refinance my existing mortgage?

Yes, Doctor Loans can be used for both purchase and refinance transactions. If you currently have a conventional mortgage with PMI, refinancing with a Doctor Loan could help you eliminate that monthly insurance payment and potentially lower your overall monthly costs.

What credit score do I need to qualify?

Doctor Loans have flexible credit requirements designed for medical professionals. While specific credit score requirements vary, the program accepts non-traditional credit and takes into account your unique financial situation as a medical professional. Contact our team for a personalized credit evaluation.

Are chiropractors, nurses, or pharmacists eligible?

Unfortunately, Doctor Loans are not available for chiropractors, nurses, or pharmacists at this time. The program is specifically designed for medical doctors (M.D., D.O.), dentists (D.D.S., D.M.D.), veterinarians (D.V.M.), podiatrists, and ophthalmologists.

How long does the approval process take?

The Doctor Loan approval process is streamlined for medical professionals. Many applicants receive pre-approval within 24-48 hours, and full approval typically takes 2-3 weeks depending on documentation. Our team works efficiently to help you close quickly and secure your dream home.

Can I use a Doctor Loan for an investment property?

No, Doctor Loans are designed for primary residences only. The property you purchase must be your main home where you intend to live. If you are looking for investment property financing, ask our team about other loan programs that may better suit your needs.

Doctor Loans | Q Home Loans

What is Doctor?

The Doctor Loan Program is tailored specifically for medical professionals, offering exceptional financing options that recognize your unique career path. With up to 100% financing and no mortgage insurance required, this program removes traditional barriers like large down payments and extensive job history requirements. Whether you are a resident, fellow, or established practitioner, the Doctor Loan provides flexible terms and a streamlined process designed for your needs. This program is designed to help medical professionals achieve homeownership without the traditional obstacles that can delay or prevent home purchases.

Why Choose Doctor Loans?

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Up to 100% Financing

Purchase your home with little to no down payment, preserving your savings for other investments or expenses.

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No Mortgage Insurance

Save thousands annually by eliminating PMI requirements, even with minimal down payment.

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Flexible Employment

Qualify with an employment contract or offer letter - no need for extensive job history.

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Non-Traditional Credit

Flexible credit requirements designed specifically for medical professionals.

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Higher Loan Limits

Access larger loan amounts that match your earning potential as a medical professional.

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Streamlined Process

Fast approval and closing process to help you secure your dream home quickly.

Doctor Loans Requirements

Basic Qualifications

Eligible medical degree (M.D., D.O., D.D.S., D.M.D., D.V.M.)
Employment contract or current employment verification
Credit evaluation (non-traditional credit accepted)
Property must be primary residence
Standard income documentation or employment contract
Property appraisal

Frequently Asked Questions

Get answers to common questions about doctor loans.

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Q Home Loans specializes in doctor loans for homebuyers and investors in Washington. Get expert guidance and competitive rates.

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