May 4, 2026 · Zack Cervantes, NMLS #502342
Physician Loan Explained
Zero down, no PMI, student loans excluded from DTI — the doctor's mortgage in plain English.
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What People Ask
What is a physician loan?
A physician mortgage loan is a specialized home loan for medical professionals. Key features: 0% down payment, no PMI, and student loan debt excluded from the debt-to-income ratio. Available for residents, fellows, and attending physicians.
Does the physician loan have PMI requirements?
No. Physician mortgage loans waive PMI regardless of down payment. This is one of the primary advantages — you can put 0% down without paying private mortgage insurance.