Physician home loans
You spent years earning the title. Now finance the home.
A physician home loan built for residents, fellows, and attendings — qualify on your current training income or a signed offer letter, with up to 100% financing and no mortgage insurance. Vilhom helps you find the home and connects you with our trusted physician-loan lending partner for the financing.
MD & DO eligible — including residents and fellows.
Who it's for
The program was written for physicians like you.
If you're finishing training, relocating for a new role, or stepping into attending life, this program lets you buy a home with little or nothing down — before or just after your start date — without the obstacles a conventional loan puts in front of a new physician.
You've earned these benefits
What the program unlocks.
100%
Financing available
Finance the full purchase price. Qualified buyers can purchase with little to nothing down while protecting cash and savings.
$0
Mortgage insurance
No PMI even above 90% LTV. On a large loan, that alone can save hundreds every single month.
$2M
Loan amounts
Borrow up to $2,000,000 — room for the home that fits the career you've built.
$0 IBR
Student loans set aside
Loans in deferment, forbearance, or $0 IBR payments may be excluded from your DTI while in residency or fellowship.
150 days
Buy before day one
Close on a future signed contract. Your start date can be up to 150 days after closing.
MD · DO
Built for your title
MDs and DOs qualify — including residents and fellows. The program was written for physicians finishing training.
Program terms, rates, and eligibility are subject to change and to credit approval. Not a commitment to lend.
The numbers
What you can borrow, at a glance.
Primary residence · Purchase or rate-and-term refinance · 1-unit · Fixed (15, 20, 25, 30-yr) & Hybrid ARM products.
| Transaction Type | Units | FICO | Max LTV | Max Loan Amount |
|---|---|---|---|---|
| Purchase or Rate-and-Term Refinance | 1-unit only | 680 | 95% | $2,000,000 |
| Purchase or Rate-and-Term Refinance | 1-unit only | 680 | 100% | $1,500,000 |
| Purchase or Rate-and-Term Refinance | 1-unit only | 720 | 100% | $2,000,000 |
Program terms, rates, and eligibility are subject to change and to credit approval. Not a commitment to lend.
Do you qualify
Eligible borrowers.
At least one borrower whose income is used to qualify must hold one of the eligible designations below.
Eligible professional designations
At least one qualifying borrower must hold one of these.
- Medical Doctor (MD)
- Doctor of Osteopathy (DO)
- Doctor of Dental Science or Surgery (DDS)
- Doctor of Dental Medicine (DMD)
- Doctor of Ophthalmology (MD or DO)
- Doctor of Psychiatry (MD or DO)
- Doctor of Pharmacy (PharmD)
- Doctor of Veterinary Medicine (VMD)
- Doctor of Podiatric Medicine (DPM)
- Certified Registered Nurse Anesthetist (CRNA)
- Medical residents, fellows, or interns holding one of the above degrees
Additional rules
- At least one borrower whose income is used to qualify must hold one of the eligible designations.
- Borrowers must hold a minimum of an MD, DO, DDS, DNP, DNAP, or DMD degree and have an active employment contract (or verified terms of employment acceptance).
- Non-occupant co-borrowers are eligible; non-occupant contributing income must be ≤ 50% of total qualifying income.
Student loans, set aside
Underwriting that understands student debt.
Student loan payments in deferment, forbearance, or reporting as $0 under an Income-Based Repayment (IBR) plan may be excluded from your debt-to-income (DTI) ratio if both of the following are true:
- The borrower is currently in residency, or in a medical clinical fellowship program, and
- The borrower qualifies based on current income received during that residency/fellowship.
Program terms, rates, and eligibility are subject to change and to credit approval. Not a commitment to lend.
Buy before day one
Qualify on your offer letter.
You don't have to wait for your first paycheck. A fully executed employment contract or offer letter can be enough to qualify — so you can close before your start date.
- A fully executed contract or offer letter signed by all parties.
- Must state position/title, start date (no more than 150 days after the Note date), and salary/compensation.
- Allowed contingencies only: receipt of medical license, or normal administrative items (background check, drug test, fingerprinting).
Program terms, rates, and eligibility are subject to change and to credit approval. Not a commitment to lend.
1099 & self-employed paths
Contract and self-employed physicians, too.
Contractor / 1099
- Requires an executed contract with a guaranteed salary or hourly rate and stated hours.
- A satisfactory letter from the hospital/clinic confirming no out-of-pocket expenses to perform duties.
- Start date within 60 days of closing.
- If prior-year 1099 taxes show expenses, the letter can't be used and standard self-employment guidelines apply.
Self-employed
- Follow FNMA self-employment guidelines.
- Minimum one year of personal + business tax returns with at least 12 months of self-employment.
- Year-to-date P&L required if the Note date is after April 30.
Program terms, rates, and eligibility are subject to change and to credit approval. Not a commitment to lend.
One team, start to keys
Your path from training to keys.
From residency or fellowship through your signed contract, pre-qualification, and closing — one coordinated team, one point of contact.
- 1Step one
We talk
A quick call about where you're headed, your start date, and what home looks like for this chapter.
- 2Step two
Get pre-qualified
Our mortgage partner reviews your offer letter and structures the physician loan around your residency income.
- 3Step three
Find the one
We line up properties that fit your budget, your commute, and your timeline — and we tour the contenders.
- 4Step four
Get the keys
We negotiate, close, and hand you the keys — ideally before day one of your new role.
Questions, answered
Physician loan FAQ.
Yes. You can qualify on a fully executed contract or offer letter signed by all parties, as long as it states your position, salary, and a start date no more than 150 days after the Note date. The only contingencies allowed are receipt of your medical license or routine administrative checks (background, drug, fingerprinting).
Graduating soon?
Let's find your place.
No pressure, no obligation — just a conversation about what's possible now that the title is yours.