A Mortgage That Understands Your Career.
Purchase financing for medical professionals, including residents and fellows still early in their earning years.
Written around medical credentials, not just pay stubs
Eligibility is tied to your degree and active professional standing.
- At least one qualifying borrower must hold an eligible medical degree and be in active practice.
- Eligible degrees include MD, DO, DDS, DMD, PharmD, VMD and DPM.
- Doctors of Ophthalmology and Psychiatry holding an MD or DO also qualify.
- Certified Registered Nurse Anesthetists with a DNAP or DNP are eligible.
- Medical residents, fellows and interns holding one of these degrees are eligible.
- A copy of the borrower’s degree is required to verify eligibility.
Physicians, dentists and veterinarians
Pharmacists and podiatrists
CRNAs with a DNAP or DNP
Residents, fellows and interns
Purchase transactions
Mortgage insurance not required*
What is the Saxton Medical Professional Loan?
A non-conforming purchase program built for people whose credentials outrun their income history.
Medicine has an unusual financial shape. Years of training, significant student debt, and then a steep rise in earnings. A standard underwriting file does not read that curve well, particularly for a resident or fellow whose current pay stub says very little about what the next decade looks like.
This program takes the credential seriously. At least one borrower whose income is being used to qualify must hold one of the eligible degrees and be in active practice. That list covers Medical Doctors, Doctors of Osteopathy, dental degrees including DDS and DMD, Doctors of Ophthalmology and Psychiatry holding an MD or DO, Doctors of Pharmacy, Doctors of Veterinary Medicine, Doctors of Podiatric Medicine, and Certified Registered Nurse Anesthetists holding a DNAP or DNP. Residents, fellows and interns with one of those degrees are eligible as well.
It is a purchase program for a primary residence, and a copy of your degree is required to confirm eligibility. Permanent resident aliens with evidence of lawful residency are allowed, and non-permanent resident aliens can be eligible with a twenty-four month employment history in the United States. Chiropractors are not eligible under this program.
Why choose the Saxton Medical Professional Loan?
For clinicians buying a home while the training years are still in the rear-view mirror.
Residents And Fellows Count
You do not have to wait until you are an attending. Residents, fellows and interns holding an eligible degree qualify.
A Broad Definition Of Medicine
Dentistry, veterinary medicine, pharmacy, podiatry and nurse anesthesia are all in scope, not just physicians.
Financial Assets Handled Sensibly
A loan secured by your own financial assets, such as a retirement account or a certificate of deposit, can be treated appropriately with the right documentation.
Built For The Career Curve
The program is designed around the reality that a medical career front-loads debt and back-loads income.
We Will Confirm The Degree List
The eligible designations are specific. Tell us your credential and we will tell you straight away whether it is on the list.
Built Around The Purchase
This is written for buying a primary residence, which is the transaction most clinicians are trying to complete early in a career.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about home financing for medical professionals.
MD, DO, DDS, DMD, PharmD, VMD and DPM, along with Doctors of Ophthalmology and Psychiatry holding an MD or DO, and Certified Registered Nurse Anesthetists holding a DNAP or DNP.
Yes, medical residents, fellows and interns can use the medical professional program if they hold an eligible degree such as an MD, DO, DDS or PharmD. During residency or a clinical fellowship, deferred student loans or $0 income-based payments may be dropped from your DTI if you qualify on your current residency pay.
No. Chiropractors are specifically excluded from this program. If that is your situation, we have other options worth discussing.
Yes, the medical professional program requires a copy of your degree when it cannot be confirmed online through the verification link. At least one borrower whose income is used must hold an eligible designation and be in active practice. Chiropractors are not eligible.
No, the medical professional program finances a primary residence only. Second homes, investment properties and owner-occupied homes with 2 to 4 units are ineligible. Eligible homes are one-unit houses, PUDs, warrantable condos and townhouses.
Yes, permanent residents and non-permanent residents with lawful residency can use the medical professional program, but each non-citizen borrower needs an SSN and 24 months of U.S. work history. Non-permanent residents also provide a passport and unexpired visa and must meet tradeline rules. ITIN, asylum, DACA and foreign national borrowers are ineligible.
No, construction-to-permanent financing is not allowed on the medical professional program. That program only does purchases or rate-and-term refinancing. Building a home would mean using one of our separate construction loan programs, which follow their own rules.
Saxton Mortgage does. At least one purchase program we offer is built for medical professionals, including residents, fellows and interns with an eligible degree such as an MD, DO, DDS or PharmD. It finances a primary residence only, and chiropractors are not eligible.
Find out what you qualify for
If you hold one of the eligible medical degrees, whether you are an attending or still in your residency, this is worth a conversation.
Get Pre-Qualified*Loan amounts, rates, terms, and eligibility are subject to credit approval, income and asset verification, and program guidelines. The medical professional program requires at least one qualifying borrower to hold an eligible degree in active practice, verified by a copy of the degree, and is limited to purchase transactions on a primary residence. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.