Does SoFi Offer a Physician Mortgage? No, and Here Is What SoFi Sells Instead, and Who Does

The answer

SoFi publishes an article explaining physician mortgage loans, and it opens with a disclosure: “SoFi does not offer physician mortgages, but it does offer home mortgage loans with a low down payment for first-time homebuyers.” That is the whole answer. The search results that pair “SoFi” with “physician mortgage” are pointing at that explainer, not at a product.

It is an easy thing to get wrong. SoFi is one of the best-known lenders among residents because of its student loan refinancing, it advertises to physicians, and it has a mortgage business. The three facts don’t add up to a doctor loan.

What SoFi’s mortgage is

From SoFi’s home loans page, read September 21, 2026:

• •Down payment: “As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers.”
• •Products: purchase, rate-and-term and cash-out refinance, jumbo, FHA, and VA loans.
• •Where: “all states except purchase only for New York.”
• •Fees: a standard $1,495 origination fee, with $500 off for SoFi members and another $500 off for SoFi Plus subscribers or members with eligible direct deposit or $5,000 or more on deposit.
• •Not on the page: any physician or professional program, any waiver of mortgage insurance, and any treatment of student loans or a future employment contract.

SoFi vs. a physician loan

A physician mortgage does three things a conventional loan doesn’t: it lends 100% up to a limit, it waives private mortgage insurance below 20% down, and it underwrites on a signed contract with student loans set aside. SoFi’s mortgage does none of those. What that means for a resident or new attending:

Where SoFi can win is the case a physician loan isn’t built for: a physician with 20% to put down, no student loans in the ratio, and a settled employment history. At that point you are shopping conventional rates, and SoFi is one of many lenders to quote. The full comparison is in physician mortgage vs. conventional.

What SoFi does offer doctors

Student loan refinancing, in two forms. The medical resident refinance is for MD, DO, DDS, and DMD residents and fellows who are in an accredited program or starting within 12 months, within seven years of completing training, with at least $5,000 in loans. SoFi’s page says you “pay just $100/month during residency, for up to seven years.” The medical professional refinance is the standard product for attendings.

Two cautions before a resident signs. First, $100 a month doesn’t cover the interest on a typical balance: at 6% on $250,000 the interest alone is about $1,250 a month, so the balance grows through residency. Second, and larger, refinancing federal loans ends eligibility for Public Service Loan Forgiveness and income-driven repayment on those loans, a point SoFi states in its own disclosures. For a resident at a nonprofit or academic hospital, that can be a six-figure mistake. Run it through PSLF vs. refinancing first, and see our refinancing lender review for how SoFi compares to the others.

Who does offer a physician mortgage

These lenders publish a physician program on their own sites. The figures are each lender’s published first tier, verified on the dates in the reviews.

All of them are compared side by side, with what each one leaves unpublished, in the physician mortgage lender comparison. If you are deciding whether a physician loan is the right tool at all, start with the physician mortgage guide.