I have had a lot of inquiries, particularly from dentists, about whether they were eligible for these fancy-schmancy “physician loan” style mortgages. I define a “physician mortgage” as:

  • one that allows less than 20% down but doesn't require PMI,
  • issued with a contract rather than proven income
  • ignores the student loan burden or just takes into account the reduced payments available through ICR/IBR/PAYE programs for federal loans

So I decided to poll the various advertisers on the site about whether they offer their physician loans to other professionals, and if so, to which ones. If they do not offer their loans to other professionals, I asked if they had any “special” programs for them. This post contains the responses I received. I don't claim to be comprehensive, as some of them simply may have chosen not to respond. But if you are a dentist, attorney, or other professional, this list may give you a good idea of where to start looking.

Dentists

Dentists have the most options of the non-physician professionals. DDS and DMD degrees are often thrown in with the MD/DO crowd.  Liberty Federal Credit Union, First Merchants Bank, PhysicianLoans, The Federal Savings Bank, Amerant Mortgage, American National Bank and Trust, Arvest Bank, Bank First, BankMD, Berkshire Bank, BMO Bank, Citizens Bank, City National Bank, Consumers Credit Union, Evolve Bank and Trust, First Citizens Bank, First Community Mortgage, First Federal Lakewood, First Horizon, First Merchants Bank, First National Bank of Omaha, First National Bank of Pennsylvania, Frandsen Bank & Trust, Fulton Mortgage, Green State Mortgage, Happy Mortgage a Division of Centennial Bank, Huntington Bank, Lake Michigan Credit Union, Liberty Federal Credit Union, Michigan State University Federal Credit Union, Northwest Bank, Neo Home Loans, PhysicianLoans. Premier Realty and Lending, Prosperity Bank, South State Bank, Synovus Bank, TD Bank, The Federal Savings Bank, University Federal Credit Union, and Washington Trust Mortgage Company all offer their doctor loan to dentists.

Podiatrists

A DPM degree can also get you a “doctor loan” from a number of the banks including Liberty Federal Credit Union, The Federal Savings Bank, Amerant Mortgage, American National Bank and Trust, Berkshire Bank, City National Bank, Evolve Bank and Trust, First Citizens Bank, First Federal Lakewood, First Horizon, Frandsen Bank & Trust, Fulton Mortgage, Green State Mortgage, Happy Mortgage a Division of Centennial Bank, Huntington Bank, Lake Michigan Credit Union, Laurel Road, Liberty Federal Credit Union, Michigan State University Federal Credit Union, Northwest Bank, Neo Home Loans, Premier Realty and Lending, Prosperity Bank, Synovus Bank, TD Bank, The Federal Savings Bank, and Washington Trust Mortgage Company.

Veterinarians

A DVM degree gets you a “doctor loan” from First Merchants Bank, PhysicianLoans, The Federal Savings Bank, Amerant Mortgage,American National Bank and Trust, Bank First, Berkshire Bank, City National Bank, Evolve Bank and Trust, First Federal Lakewood, First Merchants Bank, First National Bank of Pennsylvania, Frandsen Bank & Trust, Fulton Mortgage, Green State Mortgage, Huntington Bank, Michigan State University Federal Credit Union, Neo Home Loans, PhysicianLoans, Premier Realty and Lending, Prosperity Bank, South State Bank, The Federal Savings Bank, University Federal Credit Union, and Washington Trust Mortgage Company.

Optometrists

An OD degree gets you a “doctor loan” from Liberty Federal Credit Union, The Federal Savings Bank, Amerant Mortgage, American National Bank and Trust, Arvest Bank, City National Bank, Evolve Bank and Trust, First Citizens Bank, First Federal Lakewood, Frandsen Bank & Trust, Happy Mortgage a Division of Centennial Bank, Liberty Federal Credit Union, Michigan State University Federal Credit Union, Northwest Bank, Neo Home Loans, Premier Realty and Lending, and The Federal Savings Bank.

Certified Registered Nurse Anesthetists

A CRNA will get you a “doctor loan” from Amerant Mortgage, The Federal Savings Bank, American National Bank and Trust, Consumers Credit Union, Evolve Bank and Trust, First Horizon, Frandsen Bank & Trust, Lake Michigan Credit Union, Michigan State University Federal Credit Union, Neo Home Loans, The Federal Savings Bank, and University Federal Credit Union.

Pharmacist

Pharmacists can get a “doctor loan” from Amerant Mortgage, American National Bank and Trust, Bank First, Evolve Bank and Trust, First Horizon, First Merchants Bank, Frandsen Bank & Trust, Fulton Mortgage, Liberty Federal Credit Union, Michigan State University Federal Credit Union, Neo Home Loans, Premier Realty and Lending, The Federal Savings Bank, and University Federal Credit Union.

Accountant

A CPA designation will get you a “doctor loan” from Amerant Mortgage, American National Bank and Trust, First Horizon, Michigan State University Federal Credit Union, and  Neo Home Loans.

Attorney

A JD degree will get you a “doctor loan” from Amerant Mortgage, American National Bank and Trust, Bank First, First Horizon, Happy Mortgage a Division of Centennial Bank, and Michigan State University Federal Credit Union.

There may be a lot of other options out there. As Josh Mettle of Physician Group @ Neo Home Loans recently pointed out to me, of the 7 programs they use for “doctor loans,” only one of them actually requires you to be a doctor. But this should give various non-physician professionals an idea about where to start their search for specialized mortgage products. You can find current contact information for agents at each of these various banks on my Doctor Loan Page. Thank you for supporting those who support The White Coat Investor. Although my primary goal is to educate high income professionals so they can resist the wiles of unscrupulous financial professionals, I also enjoy connecting doctors and others with some of the good guys in the financial industries.

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Did you get a doctor loan? Who did you use? Did you have a good experience? If you are a non-physician, did you get a special loan of any type? If so, from whom and what was special about it? Comment below!