Physician Loan Massachusetts

Preferred Physician Loan Officer

Claudia Carr
NMLS# 680429
Mobile: (603) 391-2409

  • Available for licensed Doctors of Medicine (MD), Doctors of Osteopathic Medicine (DO),

    Doctors of Dental Surgery (DDS) and Doctors of Dental Medicine (DMD)

  • Up to 95% financing for loans for purchases and rate/term refinance
  • Up to 90% on Construction to Permanent loans with a 12 month lock & a onetime closing (15/30-Yr fixed OR 5, 7 or 10 yr. ARMS)
  • Borrowers must have completed residency within the last ten years, be a newly licensed medical resident currently in residency, or about to begin new employment or residency within 60 days of closing.
  • Can use employment contract income and close on your home 60 days prior to employment start date
  • Borrowers may also be self-employed physicians or physicians employed as a medical researcher by a major hospital
  • NO Private Mortgage Insurance Required
  • Student Loan Debt omitted in qualifying debt ratios if deferred at least 12 months following closing
  • SPECIAL Banking Relationship Discount/ACH required thru a Citizens Bank Account
  • Seller Contributions Allowed

Available Products Include

30yr , 20yr, 15yr and 10yr fixed rate loans, 3/1, 5/1, 7/1, and 10/1 ARMS (Adjustable Rate Mortgage Loans) 30yr amortization available on all ARMS. Interest only available up to 89% in conjunction with the 5 or 7 year ARMs

Eligible States Include


Qualification Requirements

Maximum debt to Income ratio 40% to 95% LTV, and 43% to 89% LTV

Get Your Physician Loan Rates Now by Completing the Form Below.

Whether our clients are a first time home buyer or buying a new home in Massachusetts, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to secure your physician home loan with competency and know-how.

Our loan officers in Massachusetts provide special financing for doctors, exactly like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by lending them more money with fewer requirements than their competitors.

Physician Home Mortgage Experts In Massachusetts

If you are searching for a physician mortgage in Massachusetts then you came to the right place.

You’ve trained very hard to become a doctor and purchasing home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own home loan!

A physician loan is a specialized loan program put together just for physicians in the home buying process.

We are aware of the financial demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with launching your career. No matter if you are a couple years into practice, or a well established physician, you can rely on us to find a home loan that is specially tailored for your needs.

Quite a few physicians in Massachusetts may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

Despite these factors smart loan providers know that doctors are a good choice considering that they typically have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banks that do simply speaking with the best mortgage loan officer makes an enormous difference.

Advantages of Physician Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Usually requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Usually will approve an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Buying a home doesn’t have to empty your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose you have some money to put down or are looking at delaying until you have the cash?

Our loan providers can do the math for you and show you what each situation looks like and the benefits of each too.

In most circumstances, you’ll get your mortgage paid off earlier and save thousands of dollars on interest too.

Furthermore, don’t forget that having equity in your home will provide greater security and overall flexibility, especially if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to expect to start out under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the home.

Regardless of whether you are relocating down the road, across town or across the country, we are right here to assist you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Massachusetts physician home loan program!

Top cities in Massachusetts for a physician loan.

Fall River
New Bedford
Weymouth Town