Physician Mortgage Calculator
Estimate what you can borrow with a physician mortgage — the specialty loan product built for doctors, with 0% down options, no PMI even with little or no down payment, and student loans that can be excluded or discounted in the DTI calculation rather than fully counted.
See our standard Mortgage Affordability Calculator to compare against conventional assumptions, or all our calculators.
Glossary
Physician loan programs are portfolio products offered by individual banks (not a government program), typically allowing 0-10% down with no PMI, more flexible treatment of student loan debt in DTI, and underwriting that accounts for a signed offer letter even before residency ends.
If your student loans are in deferment, forbearance, or reporting a $0 payment under an income-driven repayment plan, many physician loan programs exclude them from DTI entirely rather than counting a hypothetical full amortizing payment the way conventional loans often do.
Yes, on true physician loan products — even at 0% down, unlike a conventional loan where anything under 20% down normally requires PMI. This is one of the product’s core advantages, though the tradeoff is often a slightly higher rate or fee structure than a conventional loan would carry at 20% down.
Physician loan programs vary widely by bank — not every lender offers one, and terms (down payment minimum, loan caps, eligible specialties, DTI ceiling) differ significantly. Shop multiple physician-loan lenders rather than assuming they’re standardized like a conventional or FHA loan.