Arizona Physician Mortgage Guide. Residents to Attendings
If you're a physician, dentist, or medical resident relocating to Arizona, or upgrading from a starter home as your career advances. Medical Professionals Jumbo programs are built specifically for you. Here's what they do that conventional financing doesn't.
Program figures verified July 2026, details change; confirm your scenario with us.
The two big things doctor loans solve
1. Student debt that would otherwise break qualification
Medical and dental graduates routinely carry $200K, $500K in student loans. On a conventional mortgage, that debt counts at the standard amortized payment, often $2,500/month or more. That payment alone, layered with a Jumbo housing payment, breaks DTI for almost anyone short of a senior attending.
Medical Professionals programs handle this differently:
- Deferred student loans: Typically excluded from DTI entirely while the deferment lasts.
- Income-Based Repayment (IBR) loans: Count at the IBR payment, not the standard amortized payment. For most residents this is $0 or a small fraction of the standard payment.
- Student loans in repayment: Count at actual payment if documented, not at a hypothetical 1% of balance.
2. Up to 100% LTV with no PMI
Conventional mortgages above 80% LTV require Private Mortgage Insurance (PMI), typically $200, $500/month on Jumbo loan amounts. Medical Professionals programs allow up to 100% LTV with no PMI for qualifying borrowers. Substantial monthly savings for the same LTV.
Eligible borrower types
- MD: Medical Doctor
- DO: Doctor of Osteopathic Medicine
- DDS / DMD: Dentist
- DPM: Doctor of Podiatric Medicine
- OD: Doctor of Optometry, not on our program's eligible list (we review alternatives case by case)
- PharmD: Doctor of Pharmacy (some programs)
- Residents and Fellows: Typically eligible with a future-dated attending or partnership contract
- Veterinarians (DVM): Certain programs
Future-employment-contract qualifying
This is the unusual feature that makes physician mortgages possible for residents and fellows: you can qualify based on a future signed employment contract rather than current resident pay.
Common scenario: 4th-year resident, has signed contract to start as attending in 4 months at $385K base. Most Medical Professionals programs let that resident qualify on the $385K, closing on a Scottsdale home before the first attending paycheck arrives.
Required documentation: signed employment contract with start date, base salary, signing bonus (if any). Start date typically must be within 60-90 days of closing.
How much loan you can qualify for
| Loan amount | Max LTV | Min FICO |
|---|---|---|
| Up to $1,500,000 | 100% (no PMI) | 680 |
| $1,500,001, $2,000,000 | 100% (no PMI) | 720 |
| Up to $2,000,000 (5% down option) | 95% | 680 |
| > $2,000,000 | Crosses to standard Full Doc Jumbo | , |
Where Medical Professionals programs don't work
- Investor properties. Most Medical Professionals programs are owner-occupied primary residence only. Some allow second homes at adjusted LTV.
- Self-employed practice owners. If you've moved from W-2 employment to owning your practice as a 1099/PLLC, you may need to use Bank Statement or P&L Only Jumbo instead. Medical Professionals programs typically expect a third-party employer.
- Loan amounts above $2M. Most programs cap at $2M; above that you cross to standard Full Doc Jumbo with regular guidelines.
Frequently asked questions
Can a physician get 100% financing on a jumbo loan in Arizona?
Yes. Eligible Arizona physicians can finance up to 100% LTV (0% down) with no PMI on loan amounts up to $2M, even above the $832,750 conforming limit. We use tiered guidelines: 100% LTV to $1.5M at a 680 FICO, 100% LTV to $2M at a 720 FICO. It's one of the clearest advantages a medical credential brings to a Jumbo purchase.
Who qualifies for a physician jumbo loan in Arizona?
Our program's eligible list: MD, DO, DDS, DMD, DPM, PharmD, DVM/VMD, and CRNA (DNAP/DNP). Optometrists (OD), NPs, and PAs aren't on it, we review alternatives case by case. Residents and fellows qualify too, using a signed future-attending or partnership contract in place of current resident pay. Eligibility varies by program, so we confirm your credential against the current guide on the consult.
What credit score do I need for a 100% financing physician loan?
The 100% LTV option starts at a 680 FICO (to $1.5M) and reaches $2M at 720, and the strongest tier (100% LTV to $2M) wants a 720. Below those thresholds, 95% LTV to $2M is available at a 680 FICO. Clean recent mortgage or rental history matters more than a perfect overall score on these files.
Do physician jumbo loans require PMI?
No. Physician and doctor Jumbo programs carry no private mortgage insurance even above 80% LTV, including at 100% financing. That removes a monthly cost of roughly $200-$500 that a conventional Jumbo at the same leverage would charge, which is a meaningful difference on a seven-figure loan amount.
Next step
If you're a resident with a signed contract or an attending shopping a Scottsdale or Paradise Valley home, the Medical Professionals path is almost always the right starting point. Apply Now Book a consult
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