For physicians who are looking to buy a home in Arizona, the process can be particularly challenging due to their unique financial circumstances.
With extensive education and student loan debt, many doctors face financial hurdles that can make it difficult to secure a traditional mortgage. This is where physician mortgage loans come in. Physician mortgages allow doctors favorable terms and little to no money down.
According to Zillow, the median home value in Arizona is approximately $420,494 as of July 2023.
We’ve rounded up the best physician home lenders for doctors in Arizona to help you take the next step to purchase a home.
Best Doctor Mortgage Loans in Arizona
Buying a home can be a daunting task, especially for physicians who have just completed their residency and are burdened with student loan debt. In Arizona, where the housing market can be competitive, it can be even more challenging for doctors to secure a mortgage that meets their unique financial needs.
Physician mortgage loans have emerged as a popular option for medical professionals who are looking to purchase a home.
Doctor mortgages offer favorable terms, such as low or no down payments, no private mortgage insurance, and flexible debt-to-income ratios, making homeownership more accessible to physicians in Arizona.
Here are the best physician mortgage loans available to medical professionals in Arizona.
First Western Trust
First Western Trust – Professional Loan Program
First Western Trust offers a sophisticated mortgage solution tailored to doctors, dentists, attorneys, and CRNAs, recognizing the unique financial trajectories of high‑earning professionals. With loan amounts ranging from $600,000 to $1,500,000, the program allows for minimal or no down payment depending on the amount.
Borrowers benefit from flexible, premium features carefully designed for busy professionals:
No Private Mortgage Insurance (PMI)
No escrow reserves required
Student loan deferrals of 12+ months are excluded from debt-to-income calculations
ARM options available in 5‑, 7‑, or 10‑year terms
Qualify as early as 60 days before official employment begins
Minimum FICO score: 720
Why choose First Western Trust? Their boutique, relationship-driven model means all underwriting is handled in-house—no call centers, no off-site delays—ensuring a seamless, personal experience backed by exceptional service.
Loan amounts from $600,000 to $1,500,000.
$0 down up to $1,000,000
5% down up to $1,500,000
10% down up to $2,500,000
15% down up to $3,500,000
Available to doctors, dentists, DVMs, and CRNAs.
No PMI. No escrow reserves.
ARM options: 5‑, 7‑, 10‑year.
Student loans deferred 12+ months excluded from DTI.
Min FICO: 720.
Qualify up to 60 days pre‑employment.
Must have a fully executed employment offer and contract specifying all terms of the employment
MD, DDS, DMD, DVM, CRNA, CPA, Pharmacist, Attorney
1. Competitive Interest Rates & Low Closing Costs
First Western Trust Bank generally offers interest rates below the market average—for instance, about 0.11% lower than other lenders overall. Closing costs are also lower, by approximately $561, earning the bank a solid 4‑star rating out of 5 for rates and costs combined MortgageWaldo.com.
A 2025 analysis from True Rate highlights that for a $400,000 loan, you could save approximately $825 in the first year and nearly $4,900 over 10 years, thanks to rates about 0.14% below the median tomo.com.
2. Extensive Loan Product Variety
First Western Trust offers a broad array of mortgage products to suit different borrower needs:
Conventional loans (including programs for first-time buyers with down payments as low as 3%)
Jumbo loans, including those up to $5 million
FHA, VA, USDA loans, with flexible guidelines and sometimes no down payment required First Western Trust Mortgage+1
Professional loans tailored for doctors, dentists, attorneys, CRNAs—often with options like no down payment up to $1M First Western Trust Mortgage
Down payment assistance, CRA loans, HELOCs, construction-to-permanent loans, portfolio loans, and ADU financing First Western Trust Mortgage+1
Coverage across all 50 states, making them accessible even beyond their base in Colorado First Western Trust Mortgage
3. Relationship-Based, Personalized Service
The bank emphasizes a local, team-based approach—you’ll deal with a dedicated mortgage team available seven days a week, ensuring streamlined communication and personalized attention First Western Trust Mortgage.
Borrowers benefit from individualized planning from pre-purchase through closing, with closing figures provided at least 72 hours in advance to help clients stay informed and prepared First Western Trust Mortgage+1.
4. Strong Appeal for High-Net-Worth & Complex Borrowers
With deep expertise in serving high-net-worth individuals, First Western Trust tailors mortgage solutions that integrate seamlessly with broader financial, estate, and tax planning First Western Trust Mortgage.
Their professional loan offerings cater to borrowers like physicians and attorneys, often with minimal or no down payments on higher loan amounts First Western Trust Mortgage.
5. Proven Financial Stability & Conservative Underwriting
The bank has a long history of minimal credit losses, thanks to a relationship-driven, conservative underwriting strategy—including requirements like low loan-to-value ratios and multiple repayment sources SEC.
Their financials reflect consistent growth and strong capital positions, with rising loan and deposit portfolios and classification as well-capitalized in regulatory reports GlobeNewswire.
6. Cost‑Effective Lending in Practice
Origination data from 2023 shows their average closing cost of around $5,339, notably lower than the industry average of approximately $9,089 Origination Data.
Their approval rate is high—at 98.8%, indicating efficiency in their underwriting process Origination Data.
7. Recognition for Lending Leadership & Tech Savviness
Phone: 615-569-5713
BCU *
- Variety of portfolio products available.
- Student loans may be excluded from your debt ratio.
- Up to 100% financing – no mortgage insurance required.
- Home equity, bridge loans, and construction loans also available.
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, OD, Pharmacist
Phone: OFFICE - 224-207-2603/ CELL– 916-601-8782
Disclaimer:
Federally insured by NCUA. We Do Business in Accordance with the Federal Fair
Housing Law and the Equal Credit Opportunity Act
Oak Leaf Community Mortgage ∑
Powered by North Shore Trust and Savings 100+ years in banking, we are excited to guide you along your home financing journey. We are committed to understanding your unique scenario to uncover the optimal solution for you and your family. Expanded access to a plethora of mortgage options ensures if there is a solution, we will find it to get you home. Client satisfaction is paramount, and my team will strive to exceed your expectations with our knowledge, communication, and on-time execution.
100% Financing up to $1 Million
95% Financing to $1.75 Million
89.99% to $2.5 Million
30 Fixed, 15 Fixed, 15/6 ARM, 10/6 ARM, 7/6 ARM, 5/6 ARM, 3/6 ARM and 1/6 ARM
MD, DO, DDS, DMD, Resident, Fellows, DVM, DPM
Available in 46 of 50 States (Excludes AK,CA,HI,NV, DC)
No Points (unless quoted), No PMI, No Prepayment Penalty
680+ credit score solutions available
No Limitations on Time in Practice
W2 employees close up to 90 days in advance of start date * Conditions Apply
1099 employees close up to 60 days in advance of start date * Conditions Apply
Gift Funds OK for down payment, reserves or closing costs
Up to 50% DTI
Cash Out Refinance Financing Available
1-2 Unit Primary Residence including Townhomes, Warrantable Condos and Non-Warrantable Condos *
Conditions Apply
Phone: 708-250-9627
Oak Leaf Community Mortgage – Powered by North Shore Trust and Savings
Company NMLS# 438265, Equal Housing Lender, Member FDIC
Additional Information available at www.myoakleaf.com
All Loans Subject to Credit Approval. Terms and Conditions Apply, Program Terms and Availability Subject to Change
BOK Financial Mortgage ↑
Whether you are just starting out or are established in your professional career, BOK Financial Advanced Medical Professional (AMP) loan program provides innovative, in-house home financial solutions for select medical professionals. We offer fixed and variable rate options on primary home purchases and refinances. We can offer an additional 0.125% discount on interest rate when you open a BOK Financial checking/savings account and make your mortgage payment from that account.
With our program, you can be eligible for:
0% Down Payment for loans up to $1,500,000
5% Down Payment for loans up to $1,750,000
10% Down Payment for loans up to $2,000,000
15% Down Payment for loans up to $2,250,000
- No Mortgage Insurance
- Discounted Rates
- Float-Down rate options
- If the subject property is new construction, you may be eligible to receive a lender concession towards your closing costs or buy down the rate
- Receive a .125% reduction on your rate by opening a BOKF checking/savings account & if an ACH payment draft is set up on the BOKF account for the mortgage payment
- When you become a BOK Financial client after closing, you will not pay lender fees (processing and underwriting) for future refinances or purchases
- There is no pre-payment penalty
- Recast options are available
- We will not sell your loan
- After closing, refinance once rates improve without a time limit or monetary penalty
- We will always service your loan
- A minimum FICO score of 700 is required
- Purchases or refinances (no cash out)
Please note: Our program is only applicable to primary residences, one-unit Single-Family Homes (detached and attached), Agency-eligible condos, and PUDs.
MD, DO, DDS, DMD, Resident, Fellows, CRNA, DNAP, DPM
Phone: 469-578-4550
BOK Financial® are trademarks of BOKF, NA. Member FDIC. Equal Housing Lender. ©2024 BOKF, NA. Programs, rates, terms and conditions are subject to change without notice. Other terms and conditions apply. All loans are subject to credit approval.
Academy Bank ∑
Academy Bank has established a top-tier Professional Loan Program. With extensive experience in the mortgage field and a specialized focus on serving Physicians, Dentists, and various other Professionals, Cole Griggs leads the way. Our commitment is to provide a seamless and expert experience for all buyers, guiding them from start to finish.
- 100% Financing up to $1 million, 97% Financing up to $1.25 million, 95% financing up to $1.5 million, 90% financing up to $2 million.
- No Private Mortgage Insurance.
- Financing available for Single Family Residences.
- Available to US Citizens, Permanent Residents, and Non-Permanent Residents.
- 720 Minimum Credit Score Required.
- Available to many other professions as listed below.
MD, DO, DDS, DMD, Resident, Fellows, NP, DVM, CPA, OD, Pharmacist, Attorney
- Student Loan Debt omitted in debt ratios if deferred at least 12 months.
- Ability to use income based repayment schedule if not deferred for 12 months.
- No restriction on time in the field.
- Gift Funds allowed for closing costs, down payment, and reserves.
- Retirement Accounts acceptable for reserves.
- 1099 Income without a 2 year history allowed with a guaranteed minimum.
Phone: 317-446-0904
Alliant Credit Union ∅
Alliant Credit Union has created an industry leading Medical Professional Loan Program available in all states except Maryland.
No PMI. Closing available 90 days before employment starts. Minimum FICO score of 700 to qualify. Maximum debt to income ratio 45%. Medical Professionals may borrow 100% up to $1,250,000, 95% financing up to $1,500,000, and 90% financing up to $2,000,000. Most lenders require that you have completed training within the last 10 years, Alliant Credit Union has no such limit.
Conforming & Non-Conforming
Fixed & Adjustable Rate
30- & 15- Year Fixed, 5/6, 7/6, 10/6 ARMs
MD, DO, DDS, DMD, Resident, Fellows, DVM, DPM
Student Loan Debt omitted in qualifying ratios if deferred at least 12 months
Ability to use income based repayment schedule if not deferred for 12 months
No limit on time elapsed since the completion of training
Financing available for single family, condos, and two family owner occupied residences
Warrantable and non-warrantable condos allowed
Available to US Citizens, Permanent Resident Aliens, Non Permanent Resident Aliens, and Foreign Nationals
For other professionals we have Our First Time Homebuyers program with up to 100% financing available with no PMI.
Second Home Financing available up to 90% financing.
Construction Financing available up to 90% financing (AZ, CO, IL, IN, MI, NC, SC, and WI)
Please contact the Mortgage Loan Officer listed above covering the state in which you are purchasing.
Phone: 630-240-2203
Alliant Credit Union NMLS#: 197185.
Rates, terms, and conditions are subject to change. The 5/6, 7/6 and 10/6 ARMs offer a fixed rate for the initial period of the loan and adjust to a 6 month ARM after that period. The interest rate and monthly payment may adjust bi-annually based on the 30 day average Secured Overnight Funding Rate (SOFR), plus a margin of 2.75 percentage points with a 5% life time cap.
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
Mortgages available in all states except Maryland. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Rates, terms, and conditions are subject to change and are subject to credit and collateral approval.
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
Wintrust Mortgage ∑
0% down to $850k loan amount, 3% down to $1.2mm loan amount, 5% down to $1.5mm loan amount, 10% down to $2mm loan amount
MD, DO, DDS, DMD, DVM, DC, DPM, Pharmacist
low down payment option, contract income used to qualify, student loans not used if no payment for 12 months
Phone: 916-302-6408
Equal Housing Lender. Member FDIC
Bell Bank Mortgage
We are one of the largest privately held banks in the country. We pride ourselves by going above and beyond. From your first interaction with us we simplify a process that’s often complex. We understand that your time is precious and our technology allows us to work together as efficiently as possible. We are also very competitive in finding you the lowest rate possible with the lowest possible costs and fees. We understand there may be real estate agents that don’t understand the physician loan program and we like to educate them on the benefits of using this program.
Bell Bank offers home financing options geared specifically for physicians and dentists with term options of a 30 year fixed. In addition we also offer ARM options with a 5, 7 and 10 year ARM. Depending on your loan amount you would have 3 options.
Option #1
Loan amounts up to $1,000,000
Requires a 5% down payment
Requires 3 months of reserves
No mortgage insurance
Option #2
Loan amounts from $1,000,000 to $1,500,000
Requires a 10% down payment
Requires 6 months of reserves
No mortgage insurance
Option #3
Loan amounts from $1,500,000 to $2,000,000
Requires a 15% down payment
Requires 6 months of reserves
No mortgage insurance
Above options require:
Minimum credit score of 720
US Citizen
Must be an active medical doctor or resident or dentist
Fully executed employment contract with no contingencies is allowed for income verification. Application must start work within 90 days of loan closing.
MD, DO, DDS, Resident, Fellows
Low fixed and variable APRS. Streamlined approval and application process. Here at Bell Bank we also service all of our loans and do not sell or transfer the loans to another servicer. Student loan payments can be omitted from the debt structure if we can show the payments will be deferred for at least 12 months.
Phone: 651-248-1936
Liberty Federal Credit Union ∀
Liberty Federal Credit Union is a member-owned financial institution focused on returning value through innovative products and services. Liberty has been recognized on a state level by Forbes as one of Indiana’s best financial institutions. In recent years, the credit union has also received acclaim on a national level, including being named the nation’s Best Credit Union for Checking by Investopedia in 2021 and appearing on Newsweek’s list of America’s Best Banks in 2022.
Liberty Federal Credit Union excels in providing value through better loan options for borrowers. For instance, the credit union offers an uncommonly wide variety of mortgage options to ensure the best fit for its members. According to the American Credit Union Mortgage Association, Liberty FCU was the Midwest’s top credit union in 2021 total first mortgage originations.
Program features:
- No Private Mortgage Insurance (PMI)
- 100% financing up to $970,800 loan amounts
- 95% financing for $970,801 to $1,500,000 loan amounts
- 90% financing for $1,500,001 to $2,000,000 loan amounts
- Purchases and rate/term refinances are eligible
- Low credit score requirement of 680, plus free in-house credit repair
- We are committed to offering your lowest rate. If you find a lower rate, we’ll match it.1
Receive a gift card worth up to $500 on closing! 2 Plus, pair your mortgage with your Liberty FCU checking account and debit card to receive a 1/8% APR interest rate discount. 3
MD, DO, DDS, DMD, Resident, Fellows, OD, DPM, Pharmacist
Whether you just began your residency or you are an established physician, Liberty FCU is dedicated to helping you secure the home of your dreams.
This program is available to residents, fellows, new, and established physicians alike. 4 We will gladly work with you and your busy schedule. Pre-qualification can be done easily online or through email.
Phone: 502-767-7867
Loans are subject to credit review and approval. Closing costs may apply. Liberty FCU mortgage lending product availability may vary based on property location. A sample principal and interest payment on a (7)-year $500,000 adjustable-rate loan amount with a 3.500% interest rate (3.575% APR) is $6,719.93. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Actual interest rate may vary based on credit history. Additional rates and programs available. Visit us online for current rate information. Contact a Liberty FCU mortgage loan officer for more details.
1 Rate Match Guarantee available for new purchases and refinanced first mortgage loans of primary residences with conventional conforming financing. Certain product exclusions may apply. Loan Estimate from competing lender must be dated and received within three calendar days prior to locking your interest rate at Liberty FCU. The terms of the competing loan must be identical to Liberty FCU’s loan. If the loan does not close within the commitment period, the rate match may be voided. This offer is subject to credit approval and may change or terminate without notice. Offer is not applicable to government loans, including FHA, USDA, and VA financing. Not valid in combination with 1/8% rate discount. Product offerings may vary by state or region.
2 Gift card offer is available on financing of purchase or construction loans for primary residences only. Purchase or construction loan amounts up to $149,999 will receive a $250 gift card. Purchase or construction loan amounts of $150,000 or greater will receive a $500 gift card. Not valid in combination with any other offer.
3 Discount available on conventional conforming financing of purchases for primary residences only. Offer available for new primary mortgage loans and mortgage loans already established at Liberty FCU when refinanced with at least $10,000 new money. Closing costs may apply. Liberty FCU verifies the past checking history of applicants with ChexSystems, a national consumer reporting network. Information obtained from the report could result in checking account denial. Certain product exclusions may apply.
4 Available to residents, fellowship, newly established, or established physicians with MD, DO, DDS, DMD, OD, or DP credentials. Rates listed are specific to the Physician Loan mortgage program. Standard mortgage rates may vary.
U.S. Bank ††
Phone: Office- 916-498-3402 / Cell- 916-837-4531
Equal Housing Lender. Member FDIC.
UMB Bank
Phone: 636-207-2015
Physician Group at Neo Home Loans
“Impossible” Physician & Medical-Professional Home Loans
When banks say NO… NEO says yes!
Get Pre-Approved in Minutes: https://www.medicalprofessionalhomeloans.com/wcihomeloans/
Who We Specialize In
- Newly 1099 doctors, dentists, PAs, NPs, CRNAs, therapists, vets
- Clinicians who just bought into or started a private practice (no K-1 history)
- Self-employed professionals with multiple / irregular income streams (locums, tele-med, consulting)
- High student-loan balances, credit blemishes, or limited reserves
- Unique property purchases—non-warrantable condo, acreage, mixed-use, etc.
(If another lender has already said “no,” you’re in exactly the right place.)
Who Should Use a Conventional Lender Instead
- W-2 physicians with stable paystubs, ≥20 % down, 780+ FICO
- Buyers of plain-vanilla tract homes needing zero creative structuring
- Shoppers already fully approved elsewhere who only want to shave ⅛ percent off the rate
- Up to 100 % financing on physician loans to $1 M
- 0–5 % down jumbos, no PMI
- Credit scores down to 580 on select programs
- Gift funds and business assets allowed for down payment
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, RN, CRNA, DPM
Why NEO Says “YES”
| Your Hurdle | Our Solution |
| Less than 12 months of 1099 income | Future-contract & projected-income underwriting |
| Complex K-1s & write-offs | Cash-flow analysis that looks forward |
| High student-loan debt | Special DTI treatment & PSLF alignment |
| Time-sensitive purchase | Closings in as little as 14 days |
| Credit blemishes | Fico scores down to 580 |
“After two big banks declined us for lack of 1099 history, NEO approved our $1.4 M jumbo and closed in 16 days.”
— Dr. Lance ⭐⭐⭐⭐⭐
Your 3-Step Plan
- Schedule a 15-Minute Strategy Call
- Upload Your Story (contract, practice paperwork, locums schedule)
- Close With Confidence—and move in on your timeline
Start Now: https://www.medicalprofessionalhomeloans.com/wcihomeloans/
Stop Letting “No” Define Your Home-Buying Journey
Join thousands of White Coat Investor readers who turned complex finances into confident home ownership with NEO.
Phone: 855-260-9932
BMO Bank
BMO Bank has developed a class leading Physician & Dentist Mortgage Loan Program. The below Loan Officers have decades of experience not only in the mortgage industry but also working specifically with Physicians and Dentists. We are dedicated to ensuring a qualify experience to all buyers, from start to finish.
Loan Officer Info:
Please contact the listed Loan Officer based on the state in which you are purchasing.
100% financing to $1MM, 95% to $1.5MM, 89.99% to $2MM, less than 5 years practicing for less than 5% down payment, less than 10 year practicing for less than 10.01% down payment(not including residency or fellowship). Primary Residence SFR, Condo, 2 Unit properties eligible. Can close up to 89 days prior to employment start date with signed contract or signed offer letter. 30 yr fixed rate options along with shorter term fixed and ARM’s. No PMI/MI. Rate/Term Refi or Purchase only. Gift funds allowed for down payment, closing costs, & reserves. We are now able to use 1099 contract income for doctors who have a guaranteed minimum salary in their contract, even without a 2 year history of income established as a 1099 employee. Must be actively seeing patients. For properties located in the following states, AL, AK, AR, CT, DE, GA, HI, KY, LA, ME, MD, MA, MI, MS, MT, NC, NH, NJ, OH, PA, RI, SC, TN, VA, VT, WV, & DC borrower must have a minimum of a 6 month established relationship with BMO prior to the application date.
MD, DO, DDS, DMD, Resident, Fellows
BMO Bank developed and began offering a physician loan program in 2015. The program has been expanding and growing for the past 8 years. All of the Loan Officers listed specialize in the physician loan product. These 3 loan officers have a wealth of knowledge and experience to handle any scenario imaginable. We can quickly determine what options are available within BMO’s loan options to structure a loan to fit your needs. We have dedicated processors and underwriters to ensure a smooth lending process and quick closing. We look forward to earning your business!
Phone: 920-831-7721
Choosing a Conventional vs Doctor Mortgage When Buying a Home in Arizona
If you've decided to buy a home, and you are committed to living in Arizona for more than five years, you should give serious consideration to putting 20% down and getting a conventional mortgage. The improved monthly cash flow will allow you a great deal of financial freedom and the ability to invest (and even spend). You'll save hundreds of thousands on interest over the life of the loan, all guaranteed, unlike investing a potential down payment elsewhere.
If you're going to buy a home in Arizona AND you can't or don't want to put 20% down, then a doctor mortgage loan is a reasonable option and at least as good as the other non-20%-down options.
When comparing conventional vs. doctor mortgages, physician loans do have lots of advantages, but those primarily revolve around easier underwriting requirements. A doctor mortgage can help you qualify for a loan you otherwise couldn't get.
Conventional mortgages are more difficult to qualify for, but there’s a reason for that. If you can qualify for a conventional mortgage, especially if you can make a sufficient down payment to avoid paying PMI, you’ll usually get a lower interest rate and fees. That means a lower monthly payment and a lower overall cost for your loan.
How Do Arizona Physician Mortgages Work?
Physician loans, also known as doctor mortgages, are designed specifically for medical professionals who may have unique financial situations. These loans offer favorable terms such as low or no down payments, no private mortgage insurance, and flexible debt-to-income ratios. Typically, lenders who offer physician loans will take into account a doctor's potential future income when considering their eligibility, rather than just their current income and debt. This is because medical professionals often have high earning potential, but may also have significant student loan debt that can impact their current financial standing. By taking this into account, physician loans can help make homeownership more accessible for doctors who may not be able to qualify for traditional mortgages. Physician loans are an option for doctors who are looking to purchase a home in Arizona and can help make their dream of homeownership a reality.