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 a physician mortgage loans can be a great option. Physician mortgages allow doctors favorable terms and little to no money down.
For physicians who are looking to buy a home in Maryland, the process can be particularly challenging due to their unique financial circumstances. According to Zillow, the median home value in Maryland is approximately $405,562 as of July 2023.
To facilitate your journey toward purchasing a home, we have a list of the top physician home lenders catering to doctors in Maryland.
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 Maryland, 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 Maryland.
Here are the best physician mortgage loans available to medical professionals in Maryland.
Next Steps:
Option 1: Have questions or a unique scenario? Schedule phone meeting here.
Option 2: Ready to apply or under contract? Apply here: BCU | Jonathan Brozek – Retail Mortgage Loan Officer for BCU – by clicking on the green “Get Started” tab below my photo. Important: To connect or apply, please use this link only — applying through the main website will route you to the call center, not to me, a physician loan specialist.
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, OD, Pharmacist
Disclaimer:
Federally insured by NCUA. We Do Business in Accordance with the Federal Fair
Housing Law and the Equal Credit Opportunity Act
At Atlantic Union Bank, we recognize the hard work you put into getting where you are today as a medical professional. Whether you have years of experience as a doctor or are a recent grad with a contract for employment, we have a home loan program designed to fit your needs.
Primary Residence – Purchase and Refinance
Second Homes – Purchase and Refinance
Attorney Loan
30 Year Fixed Rate, 15 Year Fixed Rate, 10/1 ARM and 7/1 ARM
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, DC, OD, DPM, Pharmacist
Close up to 120 days before employment start date – additional months in reserves would be required.
No Private Mortgage Insurance
No restrictions on length of time post residency to qualify
H1B visa’s accepted with no extra down payment requirement
Combine our Medical Professionals Home Loan with our Certified Buyer Pre-Approval Program, which isn’t your standard pre-qualification. We’ll fully underwrite your loan to determine how much you could be approved for by verifying your information and documentation. This can make you as attractive as a cash buyer when negotiating for your home and may even make the difference between your offer being accepted over another!
Close your loan in as little as 10 business days after pre-approval. Compete directly with cash buyers and remove the need for a financing contingency.
*Atlantic Union Bank NMLS #551889. This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Specific program restrictions may apply so please consult your dedicated Mortgage Loan Officer for complete details. Owner-occupied residences and second homes only (single family homes, Fannie/Freddie warrantable condos and townhomes). Borrower(s) may only have two (2) Medical Professionals Program serviced by Atlantic Union Bank at any time. Not all loans or products are available in all states. 
United Bank understands that as a medical professional, you may be in a unique financial situation that may make this program a good option for you. We combine personal care with a seamless digital homebuying experience designed to provide you with a customized, secure, and transparent mortgage solution. You will know where you are in the process and you can easily upload, sign, and submit required documents all in one place using our secure interface. We are with you every step of the way. Our intuitive technology allows you to connect with our trusted mortgage professionals from any location, on any device, anytime.
Professional Program1
1Loan program is available in the following lending territory: WV, VA, MD, DC, GA, NC, SC, DE, OH*, KY*, PA*, AL*
*Property must be located within 90 miles of a United Bank branch
Qualified doctors include PharmD, MD, DD, DMD/DDS, psychiatrists licensed as MDs and veterinarians (DVM or VMD). This program is also available to applicants still in residency, internship or fellowship (with certain restrictions).
MD, DO, DDS, DMD, Resident, Fellows, DVM, Pharmacist
Low Down Payment Options
No Private Mortgage Insurance Required
Purchases or No Cash-Out Refinances
Adjustable Rate or Fixed options available
United Bank | NMLS# 522399 (www.nmlsconsumeraccess.org) | Equal Housing Lender | Member FDIC. ADVERTISING NOTICE – NOT A COMMITMENT TO LEND – SUBJECT TO PROGRAM AVAILABILITY. This is not a commitment to lend. All loan applications are subject to credit and property approval. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required. To be eligible, buyer must meet minimum down payment, underwriting, and program guidelines.
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.
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
MD, DO, DDS, DMD, DVM, CRNA, DNAP, DPM, Pharmacist, DNP
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.
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.
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:
For:
Other products offered:
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.
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
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
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
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
Genisys Credit Union Offers a Custom Tailored Physician Mortgages with loan amounts up to $5,000,000. Common sense approach based on demonstrating (ATR) ability to repay. We offer the lowest rates with highest LTV in the industry to qualified Physicians. We are full service financial institution offering all services from deposit to car loan. Our Specialty is high end Mortgages.
0% down to $1,500,000, 10% down to $2,000,000, 15% Down to $2,500,000, 20% to $4,000,000+ No Adjustments for Condos or New Construction Loans
5/6 ARM
7/6 ARM
10/6 ARM
10 Year Fixed
15 Year Fixed
20 Year Fixed
30 Year Fixed
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DNAP, DPM, Pharmacist, PhD
Common sense approach to underwriting.
Ability to offer bridge financing when trying to sell a current home and buying a new one.
Genisys Credit Union offers Physician Construction Loans under the same terms as purchase.
No reserves required on most products.
GREAT RATES
We Do Business in Accordance With the Federal Fair Housing Law and the Equal Credit Opportunity Act
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.
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
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, RN, CRNA, CPA, DNAP, DC, OD, DPM, APRN, CNM, Pharmacist, Attorney, Pilot, PhD
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.
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.
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
Flexible underwriting supports:
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.
We are one of the 10 largest banks in the U.S., providing more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 convenient locations. TD America’s Most Convenient Bank (AMCB) operates along the East coast of the U.S. and has locations throughout the Northeast, mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition to retail and commercial banking, TD Bank offers commercial services through TD Auto Finance. TD Bank AMCB is headquartered in Cherry Hill, N.J.
TD Bank offers 100% Dr loan financing to $1MM – no PMI – future income is allowed. Higher loan amounts available with 5% or 10% down. Purchase & refinance, primary residence. Single family, Condos, Co-ops, PUD’s.
Practicing doctors must be out of residency/internship/fellowship less than 10 years prior to the loan application date.
MD, DO, DDS, DMD, Resident, Fellows, DPM
Rates and programs can change anytime without notice.
Thank you for your interest in First Citizens Bank! We offer physician loans at 100% financing to $1,000,000, 95% to $1,250,000, as well as higher loan sizes with tiered down payments. Options include purchase and refinance of primary and secondary residence as well as construction to permanent financing. There is no PMI on our Medical Mortgage products and no limit on years in practice for established physicians. The minimum credit score for this program is 680. Treatment of student loan payments in calculating debt to income ratios can often be of concern to physicians; but we are very flexible on how we underwrite deferment and income based repayment. Loans may close up to 60 days prior to employment start date. This program is open to US citizens, permanent, and non-permanent residents.
Fixed rate and ARM options depending on loan amount and occupancy type. Primary residence – 100% financing up to $1,000,000; 95% up to $1,250,000; 90% up to $1,500,000; 80% up to $2,000,000; 75% to $3,000,000. Second home – 89.99% financing up to $1,250,000; 85% up to $1,500,000; 80% up to $2,000,000. Construction and Renovation – 89.99% financing up to $1,500,000; 85% up to $1,750,000. Minimum credit score – 680. Eligible borrowers include US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens
MD, DO, DDS, DMD, Resident, Fellows, PA, NP, CRNA, OD, DPM
Program is open to all qualifying doctors regardless of years in practice, flexible underwriting on student loans, down payment and reserves may be gifted, excellent client service, and retained loan servicing. I specialize in physician lending and have over 20 years of experience in mortgage loan originations. I also have prior experience in loan processing and underwriting. Our origination and fulfillment teams have a great partnership environment and I’m confident in our ability to deliver a smooth and stress free experience. Apply online here.
At First National Bank, we offer a physician loan program designed specifically for medical professionals. We understand the nuances of physician income, contracts, and career transitions—allowing us to structure financing solutions that align with your goals.
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM
Program Highlights:
Our approach is both professional and personal. We make sure you feel prepared and comfortable, guiding you through each option with clarity so you can move forward with confidence.
Speak with a First National Bank Mortgage Loan Officer for further details. This is not an offer of credit or a commitment to lend. All loans are subject to credit and property approval. Rates, closing costs and fees are subject to change without notice.
With over 22 years of mortgage banking experience and having helped well over 1000 family’s originating nearly one billion dollars in residential loans. This experience will provide important assistance for someone who needs help during the home buying process.
Fulton Mortgage Company offers zero down up to $1,500,000, 5% down for loans from $1,500,001 to $2,000,000, 10% down Loans from $2,000,001 to $3,000,000.
No mortgage insurance with the loan and no restrictions for prepayments. Can close 90 days before the start of a new salary guaranteed job using that income to qualify. Gift funds from family member allowed for closing cost / prepaid expenses or down payment.
Must be US Citizen or have Valid Green Card. Student loans not counted in Debt-to-income ratio for Residents as long as 6 months or more remaining in residency. IBR payments used for doctors after residency training. Allow Doctors to be out of training up to 15 years. If relocating and taking new job time out of residency not applied. Must purchase with in one year of relocation if out of residency more than 15 years.
Terms: 15 year and 30 year fixed. 5/6 ARM , &/6 ARM, 10/6 ARM, 15/6 ARM
MD, DO, DDS, Resident, Fellows, DVM, DPM, Pharmacist
Low down payment for high loan amounts, No Reserves for 60 Day close, future employment contract 90 days from start date, family co-signer for Residents / Fellows.
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. 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.
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, DPM, Pharmacist
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!
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 Maryland and can help make their dream of homeownership a reality.
If you’ve decided to buy a home, and you are committed to living in Maryland 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 Maryland 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.