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How Much Can I Buy?

Reverse-engineer your maximum home purchase price from a target monthly payment.

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The most you want to pay each month, including taxes, insurance and PMI when the toggle below is on.

Suggested Home Purchase Price
$942,000
Est. Loan Size: $892,000Down Payment: $50,000
Total Calculated Payment$6,500 /mo

Mortgage Assumptions

Core parameters governing your purchasing capacity.

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Loan Term

Escrow & Insurance Estimates

Configurable estimates for PMI, homeowners insurance, and property taxes.

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Understanding Medical Professional Mortgages

Loan terms, down payment requirements, and rate structures vary by lender, use this as a guide to ask the right questions, not as a quote.

What Is a Medical Professional Mortgage?

A specialized mortgage product, not a government program, built around how doctors actually get paid.

A medical professional mortgage (sometimes called a “doctor loan”) is a mortgage program that many banks and credit unions offer specifically to MDs, DOs, and often DDS/DMD, DVM, and DPM professionals, frequently including residents and fellows, not just attendings. It exists because a typical early-career physician doesn’t look like a typical borrower: high income is coming, but right now there’s a six-figure student loan balance, a short employment history, and sometimes only a signed offer letter for a job that hasn’t started yet. Conventional underwriting penalizes all three of those things. Medical professional mortgage programs are built to look past them.

Common features:
  • Low or 0% down payment, often up to $1–1.5M+ in loan amount depending on the lender
  • No private mortgage insurance (PMI) even with less than 20% down
  • Future income accepted: an employment contract or offer letter can qualify you before your start date, which is standard for residents moving for a new position
  • Student loan payments sometimes calculated using your income-driven repayment amount rather than the full standard payment, which can significantly change your qualifying debt-to-income ratio
What to watch for (trade-offs):
  • Rates on medical professional mortgages often run somewhat higher than a conventional loan with 20% down, since the lender is taking on more risk
  • These are proprietary bank programs, not a standardized product, eligibility, loan limits, and terms differ meaningfully from one lender to the next
  • Not every lender extends these to every specialty, or to residents/fellows, some require you to be an attending, or within a certain number of years of starting practice
Worth noting: 'Medical Professional Mortgage' isn't a regulated category like an FHA or VA loan, it's a marketing name each bank applies to its own underwriting exception. Always ask a lender for their specific program guidelines in writing rather than assuming terms are standardized.

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Disclaimer: The calculations and educational content provided above are for general informational and planning purposes only and do not constitute an offer, quote, pre-qualification, or commitment to lend. Mortgage underwriting guidelines, medical professional mortgage program terms, interest rates, down payment tiers (e.g. 100% financing up to $1.5M, stepping down at higher thresholds), property taxes, and insurance premiums vary significantly by lender, state, and borrowing tier and change over time. Always confirm current qualifying guidelines and loan terms directly with prospective lenders.