A Home Loan Built for Doctors, Dentists, and Other Medical Professionals
If you're a physician, dentist, pharmacist, or other medical professional, you already know your career path doesn't always look like a "typical" borrower's on paper. With years of school, a big student loan balance, and a income that only recently started reflecting all that training, traditional mortgage guidelines don't always account for your financial picture.
That's the exact gap the Medical Professional Home Loan, available through Pilgrim Mortgage, is designed to fill.
What Makes This Loan Different?
This program is built specifically for licensed medical professionals buying or refinancing a primary residence. Instead of forcing you to fit into a standard mortgage box, it recognizes that a doctor a few years into practice — or even still in residency — is often a very safe bet, even if your credit file doesn't look "traditional" yet.
Who Qualifies?
The program is open to a specific list of medical professionals, as long as at least one borrower on the loan is actively practicing (or in training) in one of these fields:
Medical Doctor (MD)
Doctor of Osteopathy (DO)
Doctor of Dental Science or Surgery (DDS)
Doctor of Dental Medicine (DMD)
Doctor of Ophthalmology (MD or DO)
Doctor of Psychiatry (MD or DO)
Doctor of Pharmacy (PharmD)
Doctor of Veterinary Medicine (VMD)
Doctor of Podiatric Medicine (DPM)
Certified Registered Nurse Anesthetist (CRNA with DNAP or DNP)
Medical residents, fellows, or interns pursuing one of the degrees above
So whether you're a few years into an established practice or still working through residency, you may qualify.
The Highlights
Low down payment options: Depending on your credit score, you could finance up to 100% of your home's purchase price, meaning little to no down payment required.
Loan amounts up to $2 million: There's room to buy in a range of markets, from a starter home to a higher-priced property.
No mortgage insurance requirement on eligible high-LTV loans, which can mean real monthly savings compared to a conventional loan with a small down payment.
Flexible terms: Choose from 15, 20, 25, or 30-year fixed rates, or an adjustable-rate option (5/6, 7/6, or 10/6 ARM).
Built for a primary residence: This program is designed for the home you'll actually live in — either a purchase or a rate-and-term refinance.
What You'll Need
A qualifying medical designation and active practice (or training) status
U.S. citizenship, permanent residency, or, in some cases, non-permanent residency with the right documentation
A credit score in the high 600s or above, depending on how much you're putting down
Because this program uses manual underwriting rather than automated approval systems, your file gets a closer, more personalized look — which can work in your favor when your income or credit history doesn't fit a standard mold
Is This the Right Fit for You?
If you're a medical professional who's ready to buy a home — or refinance the one you're in — but you're worried that student loan debt or a shorter credit history might hold you back, this program was built with exactly that situation in mind.
The best next step is a conversation with a loan officer at Pilgrim Mortgage, who can look at your specific situation — your specialty, your stage of career, and your finances — and let you know what you'd qualify for.
