A doctor mortgage or physician home loan is a specialized home loan for medical physicians and dentists, including residents, fellows (in some cases physician assistants and nurse practitioners), looking to purchase or refinance their primary or second residence.

In most cases, the doctor mortgage or physician home loan will offer you a higher chance of approval, low if any down payment, no monthly mortgage insurance, student loans not in repayment are not counted in debt to income ratios, higher loan limits with less down payment, allow you to close before starting your new position and much more flexibility on proving income for self-employed or 1099 physicians as compared to a conventional loan.