The process can be challenging for physicians looking to buy a home in Mississippi 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 conventional mortgage. This is where physician mortgage loans come in.
According to Zillow, the median home value in Mississippi is approximately $172,654 as of July 2023. However, this varies widely depending on the specific city or region within the state.
We've rounded up the best physician home lenders for doctors in Mississippi to help you take the next step to purchase a home.
Buying a home in Mississippi with its high cost of living can be especially challenging, even with a physician income.
Fortunately, physician mortgage loans have emerged as a popular option for medical professionals who are looking to purchase a home. These loans 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 Mississippi .
If you are a physician in Mississippi who is looking to purchase a home, here's a list of the best physician mortgage loans available to medical professionals in Mississippi.
MD, DO, DDS, Resident, Fellows
No PMI, Designed for professional income structures.
NMLS#401089. All loans subject to qualification, required documentation and credit approval. Certain exclusions may apply. Loan terms and availability subject to change. We Do Business in Accordance With the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Key Benefits for Physicians & Emerging Professionals
Who's Eligible?
Our custom loan programs are tailored to meet the needs of a variety of professions:
MD, DO, DDS, DMD, PA, NP, DVM, CRNA, DC, OD, DPM, Pharmacist, Attorney
Member FDIC © 2026 Regions Bank. NMLS# 174490. All loans subject to qualification, required documentation and credit approval. Certain exclusions may apply. Loan terms and availability subject to change. | Regions and the Regions logo are registered trademarks of Regions Bank. The LifeGreen color is
a trademark of Regions Bank.
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.
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 Hancock Whitney, we are a very highly trusted financial institution serving the Gulf Coast for over a century, and we are committed to helping medical professionals achieve homeownership with exclusive mortgage solutions designed to meet your unique needs. Exclusive discounted rates with a banking relationship can be offered as part of our physician loan. We do also offer other creative financial solutions, and we do have other very attractive loan programs with some of the most aggressive pricing in the south. Whether you are beginning your medical career or are an established professional, our specialized mortgage solutions provide a seamless, stress-free path to homeownership. Experience the difference of working with a bank that understands and supports physicians.
MD, DO, DDS, DMD, Resident, Fellows, DPM, OMS
1Adjustable-Rate Mortgage (ARM) products generally feature lower rates and payments early in the loan term, with rising rates and payments over the life of the loan. Hancock Whitney Bank, Member FDIC and Equal Housing Lender. All loans and accounts subject to credit approval. Terms and conditions apply. Bank NMLS# 45478
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.
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.
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.
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:
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.
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.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of December 31, 2022. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,400 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.
Borrowers may be self-employed physicians (2 year history needed) or medical researcher
Up to 95% financing up to $850,000/89% to $1M/85% to $1.5M on purchase & refinance
Up to 85% on Construction to Permanent loans with 12, 15 or 18 month build & one-time close
NO Private Mortgage Insurance Required
Non US Citizens are eligible
Can use employment contract income & close on your home 90 days prior to start date
SPECIAL banking relationship discount through a Citizens Bank Account
Seller Contributions Allowed
RECAST option available
30yr, 20yr, 15yr and 10yr fixed rate loans, 5,7 or 10 yearARMs.
Minimum credit score of 700
Student Loan Debt omitted in qualifying debt ratios if deferred at least 12 months following closing.
Ability to use IBR payment if not deferred for 12 months
Borrowers must have completed residency or fellowship within the last ten years, be a newly licensed
medical resident or about to begin new employment or residency within 90 days of closing.
MD, DO, DDS, DMD, Resident, Fellows
Superior service, loan exceptions available and flexibility in underwriting.
Working exclusively with medical professionals.
Offer both fixed and adjustable rates with low down payment and no PMI
Also offer construction to permanent loan
Flexibility with student loan payments
Currently we offer several physician programs. Our most popular product will allow the following:
MD, DO, DPM, OMS
Clearly a strength is our product is more flexible than most of our peers. We have been able to help several physicians who were turned down elsewhere for the product recently. Allowing physicians to be greater than 10 yrs out of residency and still qualify has been helpful to many. The opportunity to provide 100% financing up to $1.5 million, and 95% financing up to $2 million, and 90% financing up to $2.5 million has been strong compared to competitors. Condos are allowable under the product.
First Community Mortgage offers a product menu second to none with a 100% customer service centric approach to anything and everything that we do. We tailor our loan offerings for each individual client based on what fits their needs the best. This will include very competitively priced jumbo loan offerings that can accommodate larger loan amounts, creative financing approaches available as well for those with credit challenges, income challenges, etc. First Community Mortgage offers medical professional mortgage options designed for a broad range of healthcare careers. While many physician loan programs cap maximum loan amounts closer to $1 million, our programs support up to 100% financing on loan amounts up to $2 million for qualified medical professionals. We also offer options for 1-unit primary residences, residents and fellows, and a broader range of medical professions than many physician-only lenders. Programs are available for non-permanent residents and other eligible borrowers with lawful work authorization, subject to standard guidelines.
MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, OD, DPM, Pharmacist
Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and underwriting criteria. This loan product is offered by First Community Mortgage and administered through a broker relationship. For licensing information, go to: www.nmlsconsumeraccess.org.
*This product feature is available in limited states. Ask your Loan Originator for
details. **Additional restrictions apply.
262 Robert Rose Drive, Murfreesboro, TN 37129
Physician loans, also known as doctor mortgages, can be a great option for medical professionals who are looking to purchase a home in Mississippi. These loans are designed specifically for doctors, dentists, and other medical professionals who may have unique financial situations. Physician loans offer favorable terms, such as low or no down payments, no private mortgage insurance, and flexible debt-to-income ratios. 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.
For doctors who intend to establish long-term roots in Mississippi and are committed to owning a home, physician loans can be a viable option. Nonetheless, it's crucial to weigh all available choices before making a decision. If you have the financial capacity to put down 20% and qualify for a conventional mortgage, this route may prove more advantageous in the long term. Conventional mortgages often come with lower interest rates and fees, leading to reduced monthly payments and a lower overall loan cost. However, if putting down 20% is not feasible or preferable for you, a physician mortgage loan can serve as a reasonable alternative. It provides an avenue to homeownership with more flexible down payment requirements tailored to the specific financial circumstances of medical professionals.
When comparing conventional mortgages and physician mortgages, physician loans have advantages primarily in terms of easier underwriting requirements. Physician loans can help you qualify for a loan that you otherwise wouldn't be able to get. Conventional mortgages are more difficult to qualify for, but they can offer significant financial benefits if you can meet the requirements. Ultimately, the decision between a conventional mortgage and a physician mortgage will depend on your financial situation and long-term goals.