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30-yr fixed mortgage (US avg):7.28%

Best Physician Mortgage Loans (2026): 7 Lenders Compared

Seven physician mortgage programs, compared on what each lender puts in writing: down payment by loan size, the top loan, mortgage insurance, rate types, and where each one lends. Tick any two or three to compare them side by side.

Joshua Dunigan, DO
EDITOR-IN-CHIEFJoshua Dunigan, DO
Sources cited
Updated September 2026
MedMoneyGuide is committed to editorial integrity.
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Helpful Resources

Key takeaways

  • •Five lenders publish 0% down to $1 million: Huntington, TD Bank, Truist, BMO, and Flagstar. Bank of America’s minimum is 3% down.
  • •The highest published ceilings are KeyBank’s $3.5 million (tiers not published) and Huntington’s $2.5 million at about 10% down.
  • •Want a fixed rate? TD Bank, BMO, and KeyBank publish fixed-rate options. Huntington and Flagstar are adjustable only.
  • •Six of seven state no mortgage insurance; Bank of America doesn’t say.
  • •No lender publishes its rates. Same-day written quotes are the only way to compare price.

A physician mortgage lets a doctor buy with little or no down payment and no mortgage insurance, and counts a signed contract as income. Every major program advertises roughly that. The differences are in the details each lender chooses to publish: how far 0% down goes, whether a fixed rate is available, which degrees qualify, and which states are covered. We read each lender’s own program page and recorded only what it states. Full reviews of each lender are linked below.

An earlier version of this page gave each lender a star rating and a badge. The ratings were our judgment, not the lenders’ terms, and they made lenders look more alike than they are, so we replaced them with the terms themselves. How these loans work, and when a conventional loan is the better deal, is in our physician mortgage guide.

Seven lenders, side by side

Tick up to 3 lenders to compare them side by side.

Huntington BankLoans up to $2.5M0% down to $1M
TD BankLoans up to $2M0% down to $1M
KeyBankLoans up to $3.5MTiers not published
TruistLoans up to $2M0% down to $1M
BMOLoans up to $2M0% down to $1M
Flagstar BankLoans up to $1.5M0% down to $1M
Bank of AmericaLoans up to $2M3% down minimum
Huntington Bank
Lowest down payment
0% down to $1M
Top loan
$2.5M
Mortgage insurance
None
Rate types
3-, 5-, 7-, 10-, and 15-year ARMs
Where
No state list published
TD Bank
Lowest down payment
0% down to $1M
Top loan
$2M
Mortgage insurance
None
Rate types
Fixed-rate or adjustable-rate
Where
16 states and DC listed
KeyBank
Lowest down payment
Tiers not published
Top loan
$3.5M
Mortgage insurance
None
Rate types
Fixed or variable rate
Where
15 states and DC listed
Truist
Lowest down payment
0% down to $1M
Top loan
$2M
Mortgage insurance
None
Rate types
Not stated
Where
All states except Alaska, Arizona, Hawaii
BMO
Lowest down payment
0% down to $1M
Top loan
$2M
Mortgage insurance
None
Rate types
All standard fixed- and adjustable-rate mortgage products
Where
All states except New York
Flagstar Bank
Lowest down payment
0% down to $1M
Top loan
$1.5M
Mortgage insurance
None
Rate types
Adjustable rate only: 5/6, 7/6 and 10/6 ARMs
Where
All states except Puerto Rico, U.S. Virgin Islands
Bank of America
Lowest down payment
3% down minimum
Top loan
$2M
Mortgage insurance
Not stated
Rate types
Not stated
Where
No state list published

Each lender’s own program page, read September 14–20, 2026; dates per lender are in its section below. “Not stated” means the lender’s page is silent.

Down payment by loan size

Every program steps up the down payment as the loan gets bigger. This is where the lenders really differ, and it decides which ones are worth quoting at your price.

Huntington Bank
Published tiers
0% down to $1M · 5% down to $1.75M · About 10% down to $2.5M
Notes
LTV options vary with FICO score, and minimum reserves vary with loan amount; both are stated in Huntington's terms without figures..
TD Bank
Published tiers
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Notes
Tiers are set by loan amount, not career stage: $1,000,001 to $1,500,000 requires 5% down; $1,500,001 to $2,000,000 requires 10.01%.
KeyBank
Published tiers
Not published
Notes
KeyBank publishes only the program ceiling.
Truist
Published tiers
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Notes
Tiers are published for practicing doctors and dentists.
BMO
Published tiers
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Notes
Capped at 95% in CA, DC, FL, HI, ID, MD, NV, RI
Flagstar Bank
Published tiers
0% down to $1M · 5% down to $1.5M
Notes
Flagstar publishes two tiers.
Bank of America
Published tiers
3% down to $850,000 · 5% down to $1M · 10% down to $1.5M · 15% down to $2M
Notes
Bank of America publishes no 0%-down tier.

Lender by lender

Huntington Bank

PhysicianLoans by Huntington (The Doctor Loan) · (877) 593-9313 · Verified September 14, 2026

Down payment
What Huntington Bank publishes
0% down to $1M · 5% down to $1.75M · About 10% down to $2.5M
Top loan
What Huntington Bank publishes
$2.5M
Mortgage insurance
What Huntington Bank publishes
None
Rate types
What Huntington Bank publishes
3-, 5-, 7-, 10-, and 15-year ARMs
Eligible degrees
What Huntington Bank publishes
MD, DO, DDS, DMD, DVM
Years in practice
What Huntington Bank publishes
No limit published
Student loans
What Huntington Bank publishes
Not published
Close before you start
What Huntington Bank publishes
Up to 90 days before residency or a new position begins, using the employment contract
Property
What Huntington Bank publishes
Primary residence only; purchase or refinance
Where it lends
What Huntington Bank publishes
No state list published

Full terms, what Huntington Bank leaves out, and sources: our Huntington Bank review. Huntington Bank’s program page

TD Bank

TD Bank Medical Professional Mortgage · 1-866-325-4516 · Verified September 14, 2026

Down payment
What TD Bank publishes
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Top loan
What TD Bank publishes
$2M
Mortgage insurance
What TD Bank publishes
None
Rate types
What TD Bank publishes
Fixed-rate or adjustable-rate
Eligible degrees
What TD Bank publishes
MD, DO, DPM, DDS, DMD
Years in practice
What TD Bank publishes
Less than 10 years out of residency
Student loans
What TD Bank publishes
Not published
Close before you start
What TD Bank publishes
An employment contract can be used as proof of income; no window is published
Property
What TD Bank publishes
Primary residence only; purchase or refinance. Single-family, condominium, co-op (specific markets), or planned unit development
Where it lends
What TD Bank publishes
16 states and DC listed

Banking relationship: A TD Bank checking account in good standing

Full terms, what TD Bank leaves out, and sources: our TD Bank review. TD Bank’s program page

KeyBank

KeyBank Medical Professional Mortgage · 1-888-KEY-0018 (1-888-539-0018) · Verified September 14, 2026

Down payment
What KeyBank publishes
KeyBank publishes only the program ceiling. Down-payment tiers below $3.5 million are not on its page; third-party reviews report 0% down to $1 million, 10% to $2 million and 20% to $3.5 million, but KeyBank has not put those figures in writing.
Top loan
What KeyBank publishes
$3.5M
Mortgage insurance
What KeyBank publishes
None
Rate types
What KeyBank publishes
Fixed or variable rate
Eligible degrees
What KeyBank publishes
MD, DO, DPM, DDS, DMD
Years in practice
What KeyBank publishes
No limit published
Student loans
What KeyBank publishes
Not published
Close before you start
What KeyBank publishes
Not published
Property
What KeyBank publishes
One-unit single-family (attached or detached), condominium or planned unit development; purchase, rate/term refinance or cash-out refinance
Where it lends
What KeyBank publishes
15 states and DC listed

Banking relationship: Not required for the mortgage; KeyBank advertises a 0.25% rate discount for KeyBank clients, and Key for Doctors enrollment requires any KeyBank checking account

Full terms, what KeyBank leaves out, and sources: our KeyBank review. KeyBank’s program page

Truist

Truist Doctor Loan · 855-257-4040 · Verified September 19, 2026

Down payment
What Truist publishes
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Top loan
What Truist publishes
$2M
Mortgage insurance
What Truist publishes
None
Rate types
What Truist publishes
Not stated on the program page
Eligible degrees
What Truist publishes
MD, DO, DPM, DDS, DMD
Years in practice
What Truist publishes
Within 15 years of training; 100% and 95% financing only within 10 years
Student loans
What Truist publishes
Excluded from DTI if deferred at least 12 months after closing; a reduced income-driven repayment payment may be accepted with documentation
Close before you start
What Truist publishes
Not published
Property
What Truist publishes
Primary residence only; purchase or refinance
Where it lends
What Truist publishes
All states except Alaska, Arizona, Hawaii

Banking relationship: None to qualify under 15 years post-training. A rate discount of 0.25 to 0.75 points applies with $100,000 or more in Truist deposits and investments.

Full terms, what Truist leaves out, and sources: our Truist review. Truist’s program page

BMO

BMO Physicians’ Mortgage Program · 1-888-482-3781 · Verified September 20, 2026

Down payment
What BMO publishes
0% down to $1M · 5% down to $1.5M · About 10% down to $2M
Top loan
What BMO publishes
$2M
Mortgage insurance
What BMO publishes
None
Rate types
What BMO publishes
All standard fixed- and adjustable-rate mortgage products
Eligible degrees
What BMO publishes
MD, DO, DDS, DMD
Years in practice
What BMO publishes
Not eligible after 10 years in practice post-training; 95% maximum financing from year 5 to year 10
Student loans
What BMO publishes
Not published
Close before you start
What BMO publishes
Employment can start up to 90 days after closing, with evidence of the start date
Property
What BMO publishes
Primary residence only: 1–2 unit, single family, condominium and townhome. Purchase or rate/term refinance. Second homes and investment properties excluded.
Where it lends
What BMO publishes
All states except New York; capped at 95% in CA, DC, FL, HI, ID, MD, NV, RI

Banking relationship: None to qualify. A 0.125% rate discount applies if the payment is auto-debited from a BMO consumer checking account, authorized at origination.

Full terms, what BMO leaves out, and sources: our BMO review. BMO’s program page

Flagstar Bank

Flagstar Professional Mortgage Loan · 855-372-5626 · Verified September 20, 2026

Down payment
What Flagstar Bank publishes
0% down to $1M · 5% down to $1.5M
Top loan
What Flagstar Bank publishes
$1.5M
Mortgage insurance
What Flagstar Bank publishes
None
Rate types
What Flagstar Bank publishes
Adjustable rate only: 5/6, 7/6 and 10/6 ARMs
Eligible degrees
What Flagstar Bank publishes
MD, DO, DDS, DMD, DPM, DVM, OD, PharmD; also Physician Assistant, Registered Nurse, Nurse Anesthetist, Nurse Practitioner, Clinical Nurse Specialist, Attorney, Certified Public Accountant, ATP Pilot
Years in practice
What Flagstar Bank publishes
Within 10 years of the start of the profession
Student loans
What Flagstar Bank publishes
Not published
Close before you start
What Flagstar Bank publishes
Not published
Property
What Flagstar Bank publishes
Primary residence only: 1-unit, warrantable condo and PUD. Co-ops in the five boroughs of New York City that meet Fannie Mae requirements. Purchase or rate/term refinance.
Where it lends
What Flagstar Bank publishes
All states except Puerto Rico, U.S. Virgin Islands

Banking relationship: None published. One Professional or Doctor loan with Flagstar at a time, and occupying borrowers may have no second home or investment property financed with Flagstar.

Full terms, what Flagstar Bank leaves out, and sources: our Flagstar Bank review. Flagstar Bank’s program page

Bank of America

Bank of America Doctor Loan · 866.466.0979 · Verified September 20, 2026

Down payment
What Bank of America publishes
3% down to $850,000 · 5% down to $1M · 10% down to $1.5M · 15% down to $2M
Top loan
What Bank of America publishes
$2M
Mortgage insurance
What Bank of America publishes
The Doctor Loan page does not say whether mortgage insurance is charged or waived.
Rate types
What Bank of America publishes
Not stated on the program page
Eligible degrees
What Bank of America publishes
MD, DO, DDS, DMD, OD, DPM, DVM
Years in practice
What Bank of America publishes
No limit published
Student loans
What Bank of America publishes
Student debt can often be excluded from total debt; additional documentation is required to show payments are deferred
Close before you start
What Bank of America publishes
Up to 90 days before employment, residency or fellowship begins (salaried employees only), with extra reserves to cover all debts until the start date
Property
What Bank of America publishes
Not stated on the program page
Where it lends
What Bank of America publishes
No state list published

Banking relationship: A Bank of America checking or savings account, held or opened before closing. An existing Merrill or Bank of America Private Bank account also qualifies.

Full terms, what Bank of America leaves out, and sources: our Bank of America review. Bank of America’s program page

Which lender, for whom

  • •Resident or new attending buying under $1 million: Huntington is open to graduating medical students with a signed contract and lets you close up to 90 days before you start. Truist publishes the clearest student-loan rule: deferred loans are excluded from your debt ratio if deferred at least 12 months past closing.
  • •You want a 30-year fixed: TD Bank on the East Coast, BMO everywhere but New York, or KeyBank in its footprint. Huntington and Flagstar publish adjustable rates only.
  • •Buying above $2 million: Huntington publishes about 10% down to $2.5 million. KeyBank goes to $3.5 million but doesn’t publish the down payment at that size.
  • •Nurse practitioner, PA, or CRNA: Flagstar is the only one of the seven that names you.
  • •You already bank with one of them: Truist takes 0.25 to 0.75 points off with $100,000 or more in deposits and investments, KeyBank advertises 0.25% off for clients, and BMO takes 0.125% off for autopay from a BMO checking account.
  • •More than five years out of training: check the limits. BMO’s 0% tier ends at year five and the program at ten; Truist caps financing at 89.99% after ten years; TD Bank and Flagstar require fewer than ten years.

Buying in Florida or Texas? Regional banks add more options there; see Florida and Texas physician mortgage lenders.

What about rates?

None of the seven publishes physician loan rates. What is public is the benchmark: the national average 30-year fixed rate was 7.28% as of October 1, 2026 (Freddie Mac, via FRED; see this week’s mortgage rates). Get written quotes from two or three lenders on the same day and compare rate, points, and closing costs together. If you have 20% down, add a conventional quote; our physician mortgage vs. conventional guide shows when that wins.

Frequently asked questions

Which banks offer physician mortgages?

The seven programs we review are Huntington, TD Bank, KeyBank, Truist, BMO, Flagstar, and Bank of America. Each publishes its own terms, and they differ more than most comparison sites suggest: down payment tiers, rate types, eligible degrees, and where they lend all vary. Regional banks such as Regions, Fifth Third, and SouthState run programs too; see our Florida and Texas lender guides.

Can I get a physician mortgage with 0% down?

Yes. Huntington, TD Bank, Truist, BMO, and Flagstar each publish 0% down on loans up to $1 million. BMO limits it to your first five years in practice and caps financing at 95% in seven states and DC. KeyBank doesn’t publish its tiers, and Bank of America’s minimum is 3% down.

Do physician mortgages charge PMI?

Six of the seven programs state that there is no private mortgage insurance: Huntington, TD Bank, KeyBank, Truist, BMO, and Flagstar. Bank of America’s Doctor Loan page doesn’t say either way, so ask.

Can I close on a house before I start my attending job?

Some lenders publish a window. Huntington allows closing up to 90 days before residency or a new position begins, using the employment contract. BMO allows your employment to start up to 90 days after closing. Bank of America allows up to 90 days for salaried employees, with extra reserves. TD Bank accepts an employment contract as proof of income without publishing a window. The others don’t say.

Are physician mortgage rates higher than conventional rates?

None of these lenders publishes its physician loan rates, so no one can tell you the gap in advance. Get written quotes from two or three lenders on the same day, alongside a conventional quote if you have 20% down, and compare the rate, points, and closing costs together. The weekly national average is on our mortgage rates page.

Which physician mortgage offers a 30-year fixed rate?

TD Bank publishes fixed or adjustable rates, BMO publishes all standard fixed and adjustable products, and KeyBank publishes fixed or variable. Huntington and Flagstar publish adjustable-rate loans only. Truist and Bank of America don’t state rate types on their program pages.

Can nurse practitioners or PAs get a physician mortgage?

Flagstar’s Professional Mortgage Loan names physician assistants, nurse practitioners, nurse anesthetists, registered nurses, and clinical nurse specialists, among other professions. The other six programs we review are for physicians and, at most, dentists, podiatrists, optometrists, or veterinarians.

Does SoFi offer a physician mortgage?

No. SoFi states on its own site that it does not offer physician mortgages; its mortgage is a standard conventional loan at 3% down for first-time buyers and 5% for everyone else, with mortgage insurance. The details are in our SoFi physician mortgage answer.

Sources

Each lender’s page read on the date shown in its section. Lender logos are from each lender’s own website.

Related reading:

Physician Mortgage Guide •Physician vs. Conventional •Student Loans and Your Mortgage •Physician Mortgage Calculator •Mortgage Rates This Week

This page is for educational purposes and is not lending advice. Terms are each lender’s published terms on the dates shown and change without notice; the lender’s disclosures and your loan documents govern. Links go directly to each lender’s site. See our advertising disclosure.

Joshua Dunigan, DO

About the Author

Joshua Dunigan, DO | Family Medicine Resident & Founder

I'm a family medicine resident physician at Broadlawns Medical Center in Des Moines, Iowa (class of 2027). I founded MedMoneyGuide to give physicians specialty-specific financial guidance, with sources you can check.