Savings for doctors and dentists
When it comes to buying a home, we take care of those who take care of our communities.
Doctor Mortgage: Features & Benefits
How can a Doctor Mortgage save you money on your home? Let’s review the charts.
Low down payment
Qualifying medical and dental professionals can buy with as little as 0% down.1
Don’t sweat debt
Deferred student loan debt isn’t included when we calculate your debt-to-income ratio.
No mortgage insurance
You think about insurance enough. We’ll save you the trouble by making it optional.
No cash on hand?
No problem. We won’t require any minimum cash on hand after closing.
More loans & terms
Fixed or adjustable, big or small, long term or short: whatever the doctor orders.
Financing
Our Doctor Mortgages offer up to $2.5 million in financing, way beyond conforming loan limits.
Doctor Mortgage FAQs
A Doctor Mortgage is a specialty home loan program designed to help medical and dental professionals — whether they’re fresh out of med school or years into their careers — buy a home with lower down payment options, higher financing limits, flexible qualifications, and other exclusive benefits.
It’s also our way of thanking the experts who keep our communities healthy.
LMCU's Doctor Mortgage program is designed to support both early-career and established medical and dental professionals.
To be eligible, applicants must be a Medical or Dental professional holding one of the following degrees or roles:
- Medical Doctor (MD)
- Doctor of Osteopathy (DO)
- Doctor of Dental Surgery (DDS)
- Doctor of Medicine in Dentistry (DMD)
- Doctor of Podiatric Medicine (DPM)
- Nurse Anesthetist (CRNA)
Applicants must also achieve one of the following:
- Be in a residency program
- Have completed a residency program
- Be an established doctor/dentist
Finally, applicants in Michigan and Florida must also establish an automated payroll deposit with LMCU to be eligible.
As long as your student loan debts are deferred, they won’t affect your loan qualification or financing amount (as calculated by your debt-to-income ratio).
Yes! Our Doctor Mortgage program is still available to early-career professionals still in residency or having completed their residency program.
Save even more with LMCU’s Max Mortgage discount!
Buying a home? Start here.
Connect with one of our local mortgage experts. They’re ready to answer any homebuying questions you may have with a smile and an extra mile.
The home of all your homeownership needs.
Disclosures
Loan-to-value (LTV) ratios up to 100% LTV up to $1,250,000. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Consult with your Tax Advisor on your specific situation. To be eligible for the Doctor/Dentist program, the Doctor/Dentist must be in a residency program, have completed a residency program, or be an established Doctor/Dentist. Doctor/Dentists must also establish an automated payroll deposit with LMCU to be eligible.
To receive MaxMortgage discount, mortgage payment must be an automatic payment that comes from an LMCU checking account with an ACH deposit. Some programs may not be eligible, discuss with your mortgage loan officer for further details.
