Physicians aiming to purchase a home in North Dakota encounter challenges due to their distinct financial situations. The burden of substantial education and student loan debt often creates obstacles in securing a conventional mortgage.
Buying a home in North Dakota with its high cost of living can be especially challenging, even with a physician income.
If you are a physician in North Dakota who is looking to purchase a home, here’s a list of the best physician mortgage loans available to medical professionals in North Dakota.
Guaranteed Rate Affinity *
What Makes The Goldman Group Different
Experience, Execution & Personal Service
A great mortgage program is only as valuable as the team executing it. The Goldman Group combines the resources and lending platform of Rate with an experienced mortgage team focused on making complex transactions feel simple.
See our video here.
Experience You Can Rely On
Led by Jon Goldman and Matt Kennedy, The Goldman Group brings decades of mortgage experience to every transaction. Jon has helped thousands of families throughout his career and has been repeatedly recognized among the nation’s top mortgage professionals, including Top 1% industry honors and Chicago Agent Magazine Loan Officer of the Year recognition.
Speed + Certainty
Our team is built around proactive underwriting and execution. PowerBid allows qualified buyers to complete underwriting upfront, creating greater certainty before they make an offer and helping position them more competitively when the right property becomes available.
Personal Service—Not a Call Center
You aren’t handed off to an anonymous call center. You’ll work with an experienced mortgage team that remains accessible throughout the process, from initial strategy and pre-approval through underwriting, closing, and beyond.
More Than One Mortgage Solution
Our extensive lending platform allows us to look beyond a single product. For physicians with complex income, significant assets, investment properties, upcoming employment, or other unique circumstances, we can evaluate multiple financing strategies rather than trying to fit every borrower into the same box.
Complex Doesn’t Have to Mean Complicated
From future employment and 1099 income to jumbo financing, investment properties, non-warrantable condos, and Non-QM scenarios, our team specializes in navigating transactions that may require a more sophisticated lending strategy.
A Long-Term Mortgage Resource
Our relationship doesn’t end at closing. As your career, family, real estate portfolio, and financial goals evolve, our team remains available to help evaluate future purchases, refinancing opportunities, investment properties, home equity strategies, and other financing needs.
Our Approach
Understand the full financial picture. Compare the available options. Build the right strategy. Execute with speed and certainty.
For medical professionals, that means finding the mortgage that makes the most sense for you—not simply the mortgage with “Doctor” in its name.
Terms:FICO 720+
Up to 100% financing to $2,000,000 with no PMI
Up to 89.99% financing to $2,500,000 with no PMI
FICO 680–719
Up to 100% financing to $1,500,000 with no PMI
Up to 95% financing to $2,000,000 with no PMI
Up to 75% financing to $2,500,000 with no PMI
Available Loan Terms
Fixed Rate: 10-, 15-, 20-, and 30-year terms
Adjustable Rate: 5-, 7-, 10-, and 15-year ARMs
Flexible Qualification
Debt-to-income ratios up to 50%
Reserve requirements as low as 0–6 months
Gift funds permitted
Non-occupant co-borrowers allowed on eligible transactions
Asset depletion available for qualifying
Flexible options for eligible 1099 income
Options for credit toward departure residences
Gift Funds Can Go Further
Eligible gift funds may be used toward down payment, closing costs, and reserves. Combined with eligible seller concessions, certain transactions may potentially be structured with little to no out-of-pocket funds at closing.
More Property Options
Single-family homes
1–2 unit properties
Townhomes and PUDs
Warrantable condominiums
Select non-warrantable condominiums
Modular homes
Broad Borrower Eligibility
Options are available for eligible U.S. Citizens, Permanent Residents, Non-Permanent Residents, and Foreign Nationals.
Long-Term Flexibility
No prepayment penalties
Mortgage recasting available
Eligible Professions:MD, DO, DDS, DMD, DVM, CRNA, DNAP, DPM, Pharmacist, DNP
Strengths:More Flexibility for the Way Medical Professionals Build Their Careers
Up to 100% Financing with No PMI
Qualified borrowers can finance up to $2 million with no down payment and no private mortgage insurance, helping preserve cash for investments, relocation, student debt, emergency reserves, or other priorities.
Buy Before Your New Job Begins
Eligible borrowers can qualify using a future employment contract and close up to 150 days before their employment start date—allowing you to get settled before your first day.
PowerBid Fully Underwritten Pre-Approval
Start with a no-cost pre-approval using a soft credit pull. For additional buying power, our PowerBid provides a fully underwritten pre-approval designed to strengthen your offer in competitive markets.
Contact:
Additional Information
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Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.
Guaranteed Rate Affinity, LLC is a subsidiary of Guaranteed Rate, Inc.; NMLS #1598647. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions may apply.
Novus Home Mortgage *
Our home loan for Medical Professionals or Physicians was designed to help those in the medical profession achieve their dreams of homeownership. At Novus Home Mortgage, we are committed to finding the right mortgage for our customers, including those who are committed to save lives. We understand your unique needs. You might have accumulated debt to become a healthcare professional, but we are here to help you! Our offering will help you buy a home early in your career, and sometimes even before you start your new job!
We are a nationwide portfolio and correspondent lender with in-house underwriting providing quicker closings.
We offer services for:
- Purchase
- Refinance
- Construction
For:
- Primary residence
- Second Home/Vacation Home
- Investment (LTR)
- Short Term Rental (STR)
- Multi-family and Mixed-use properties up to 8 units
Other products offered:
- Fannie Mae & Freddie Mac – Conventional, and High Balance
- Community Reinvestment Act (CRA)
- VA – No Loan Limit, No DTI Limit
- Jumbo – as low as 10% down
- FHA
- USDA
- ITIN – as low as 10.01% down
- Construction loans – Conventional & FHA (min 5% down), VA (min 0% down), Jumbo (min 20% down)
- DPA for qualified borrowers
- Non-QM – DSCR (LTR & STR), Business and Personal Bank Statement, 1099, Asset Depletion, etc
It’s attention to the “details” that sets apart the finest Loan Officers. Please reach out 24×7. My team and I are here to understand your mortgage and financial needs and find the best financing solution for you.
Apply Now!
Schedule a Call!
Terms:0% down up to $2 MM loan amount
10.01% down up to $2.5 MM loan amount
Min 680 FICO
30 yr fixed, 15 yr fixed and ARM’s
Owner occupied Primary Residence
1 unit residential property – Single Family, Townhome, PUD, Condo
Non-Warrantable Condos are covered – min 10.01% down
Modular Homes
Rental income can be used to meet DTI requirement
50% Max DTI
No MI
No Prepayment Penalty
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
Strengths:We say YES!
Yes to 1099 income without 2 yr history (conditions apply)
Yes to using future income to qualify – up to 180 days prior to start date (additional reserve requirements will apply)
Yes to all covered professionals – No limit on the number of years out of residency/fellowship
Yes to US residents including work Visa holders – Permanent Residents Aliens, H-1B, J-1, TN NAFTA and others
Yes up to 40 acres (normal for the area)
Yes to you owning multiple properties (additional reserve requirements will apply)
Yes to significant other and/or family to be co-borrower/co-signer to help you qualify, even if they will not occupy the property
Yes to gift funds from family members
Yes to Bridge loan if you have equity in the current house and need to access it to purchase new home
Contact:
Additional Information
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Subject to credit approval. Terms and conditions may apply. VA is subject to VA eligibility requirement. Property insurance is required for all loans secured by property.
Novus Home Mortgage is a division of Ixonia Bank, NMLS #423065 | All Rights Reserved | novushomemortgage.com
Flagstar Bank
Flagstar Bank is historically one of the largest lenders in the US, ranking in the top 10 nationally for residential mortgage origination. We are licensed to lend in every state. Relationship pricing is available for Private Clients and loan amounts up to 10 MM.
Low down payments for Doctors, Attorneys, CPAs and certain other professionals. Are you looking for a low down payment and a competitive rate? We offer a uniquely flexible loan program for Conventional and Jumbo buyers in certain occupations.
Terms:5/6 ARM, 7/6 ARM , 10/6 ARM
PURCHASE OR REFINANCE
Single Family, Condo’s, Co-ops, PUD’s
No PMI (Private Mortgage Insurance)
Employment contract/future income allowed – close 90 days prior to start date
Self-employed allowed
IBR payments allowed for student loans
Seller contributions allowed
Loan recast available
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, RN, CRNA, CPA, DNAP, DC, OD, DPM, APRN, CNM, Pharmacist, Attorney, Pilot, PhD
Strengths:Finance up to 100% of the value and/or price of the property without mortgage insurance.
Can be paired with seller concessions to buy a property with nothing out of pocket.
High income, high net worth individuals are invited to become Private Client banking
members and enjoy enhanced product offerings.
Contact:
Additional Information
Alliant Credit Union *
Alliant Credit Union has created an industry leading Medical Professional Loan Program available in all states except Maryland.
Terms: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
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, DVM, DPM
Strengths: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.
Contact:
Additional Information
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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.
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.
Terms: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.
Eligible Professions:MD, DO, DDS, Resident, Fellows
Strengths: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.
Contact:
Additional Information
CrossCountry Mortgage *
Physician Mortgage Built for Medical Professionals with Complex Finances
CrossCountry Mortgage offers a true physician loan program designed for doctors, dentists, veterinarians, and trainees who want to buy or refinance without delaying life or over-liquidating assets.
Unlike traditional lenders, our physician program is built around the realities of medical careers—high student loan balances, variable income structures, and early-career transitions—while still offering competitive pricing and flexibility.
Terms:
- Up to 100% financing to $2,000,000 and 89.99% financing to $5,000,000
- No mortgage insurance
- No restrictions on years in practice
- Primary residence purchases and rate/term refinances
- 7-, 10-, and 15-year ARMs plus 15- and 30-year fixed options
- No prepayment penalties
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
Strengths:Flexible underwriting supports:
- Future employment contracts (including residents and fellows)
- 1099 and contract income
- Gift funds
- Non-occupying co-borrowers
- More accommodating student loan treatment than conventional financing
As a member of the White Coat Investor community, you also receive Preferred Mortgage Savings, including waived lender and appraisal fees—up to $2,198 in savings.
Ready to run the numbers?
Medical professionals tend to be “on call”, and your mortgage lender should be too. CrossCountry Mortgage is licensed in all 50 states. With dedicated loan officers who specialize in physician lending, contact the loan officer for your state to review your options and apply online.
Contact:
Additional Information
Green State Mortgage *
Green State Mortgage is a boutique lender with access to the most competitive rates and programs. Allow us to tailor a lending program that meets your needs!
Terms:0% down up to $1,000,000, 5% down from $1,000,000 to $1,750,000, 10% down from $1.750,000 to $2,500,000. 1-2 Unit Properties, Condos, Townhouses, PUDs, Modular Homes. No PMI. No Prepayment Penalty. Non-Warrantable Condos to 90%. Fixed and adjustable rates (7, 10, and 15-Year ARM) available. No time restrictions on when a client starts their new employment vs. the closing date if they have enough reserves for W2 positions. 60 days prior to start date for 1099 positions.
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, OD, DPM, Pharmacist
Strengths:No time restrictions on when a client starts their new employment vs. the closing date if they have enough reserves. Most other lenders limit the purchase date to 60-90 days before starting a new position. We also allow business assets and gift funds for the down payment, closing costs and reserves. Debt-to-income ratios up to 50%. No 2-year history is required for physicians hired as a contractor or 1099 employee. Available nationwide (except CA), 2-unit properties eligible, flexibility for newly self employed.
Contact:
Additional Information
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Green State Mortgage – A division of Green State Credit Union
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.
Terms:100% financing to $1MM, 95% to $1.5MM, 89.99% to $2MM. 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.
Eligible Professions:MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
Strengths:BMO Bank developed and began offering a physician loan program in 2015. The program has been expanding and growing for the past 10 years. All of the Loan Officers listed specialize in the physician loan product. These 2 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!
Contact:
Additional Information
Physician loans present a viable choice for doctors committed to long-term homeownership in North Dakota. However, it is crucial to carefully evaluate all available options before reaching a decision. If you can put down 20% and qualify for a conventional mortgage, taht may be the right route in the long run. Conventional mortgages typically offer lower interest rates and fees, leading to reduced monthly payments and overall lower loan costs.
If you don’t plan on putting down 20%, a physician mortgage loan can serve as a reasonable and attractive alternative. These specialized loans cater to medical professionals’ unique financial circumstances, providing more flexible down payment options to facilitate homeownership. Ultimately, considering your specific financial situation and long-term goals will help you make an informed choice between the two options.
