Skip to Main Content

What is a doctor or dentist mortgage loan?

If you’re a medical or dental professional looking to buy a home, you may qualify for a special type of mortgage designed just for you.

A doctor or dentist mortgage loan helps you purchase a primary residence with flexible terms that take your unique financial situation into account, especially if you’re early in your career or managing student loans.

How it works

This loan is built to support licensed professionals such as:

  • Doctors of Dental Science (DDS)

  • Medical Doctors (MD)

  • Doctors of Osteopathy (DO)

  • Doctors of Podiatric Medicine (DPM)

It offers up to 100% financing with no mortgage insurance, which means you can buy a home with little or no down payment and lower monthly costs.

Key benefits

  • No mortgage insurance, even with low or no down payment

  • Up to 100% financing for eligible borrowers

  • Deferred student loans can be excluded from your debt-to-income ratio

  • No prepayment penalty

  • Assumable loan after the fixed-rate period

  • Recast option available with a principal payment of $10,000 or more

Who it’s for

This loan is ideal for medical and dental professionals who:

  • Are buying a primary residence

  • May be starting a new job or residency soon

  • Have student loans that are currently deferred

  • Want to avoid mortgage insurance and keep monthly payments lower

You’ve got this

Buying a home as a doctor or dentist doesn’t have to be complicated. With Westerra’s Doctor/Dentist Mortgage Loan, you get the support and flexibility you need to take the next step, whether you’re just starting out or ready to settle into your forever home.

Explore more specialty mortgage options here.

Recent Articles