Medical Professional Home Loan Program
Designed for doctors and qualified medical professionals in the Los Angeles area, including West Los Angeles and Culver City, this program addresses the unique financial challenges of the profession. From high student loan balances to atypical employment contracts, it recognizes your high earning potential and job stability to help you achieve homeownership sooner.
- Low or no down payment: Up to 100% financing available, preserving your cash for other priorities.
- Flexible loan options: Choose from Fixed Rate or ARM programs to match your financial goals.
- No PMI required: Eliminate private mortgage insurance and reduce your monthly payment.
- Student loan flexibility: Student loan debt can be excluded from your DTI ratio when qualifying.
- Higher loan limits: Finance up to $2,000,000, giving you real purchasing power in the LA market.
- No prepayment penalty: Pay down or refinance your loan at any time without additional fees.
Eligible Professional Designations
At least one borrower whose income is used to qualify must hold one of the following designations:
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), Medical residents, fellows, or interns with the above degrees.
Borrowers must hold a minimum of an M.D., D.O., D.D.S., DNP, DNAP, or D.M.D. degree and have an active employment contract or verified terms of employment acceptance.
Reserve Requirements
LTV 90.01% to 95.00%
$100,000 to $1,500,000: No reserves required $1,500,001 to $2,000,000: 3 months reserves required
LTV above 95.00%
$100,000 to $1,500,000: 3 months reserves required $1,500,001 to $2,000,000: 6 months reserves required
Major Health Systems in the Los Angeles Area
Medical professionals affiliated with these leading health systems throughout Los Angeles, West Los Angeles, and Culver City regularly use this program:
UCLA Health: Westwood, Santa Monica, West Los Angeles Cedars-Sinai Medical Center: Beverly Hills, West Hollywood, Los Angeles Kaiser Permanente: West Los Angeles, Culver City, Los Angeles Keck Medicine of USC: Los Angeles, Arcadia, Glendale
Whether you are starting a residency at UCLA Health in Westwood, joining Cedars-Sinai in Beverly Hills, practicing at Kaiser Permanente in West Los Angeles or Culver City, or working with Keck Medicine of USC in Los Angeles, this loan program is built around your career timeline and financial profile.
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Frequently Asked Questions
Who qualifies for this program?
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), or medical residents, fellows, and interns holding one of the above degrees.
Borrowers must hold a minimum of an M.D., D.O., D.D.S., DNP, DNAP, or D.M.D. degree and have an active employment contract or verified terms of employment acceptance.
Is mortgage insurance required?
No. One of the key advantages of this program is that private mortgage insurance (PMI) is not required, even with a low or no down payment. This can result in significant savings on your monthly payment and the overall cost of your loan over time.
How much can I borrow?
Loan amounts are available from $100,000 up to $2,000,000, giving medical professionals in the Los Angeles market the purchasing power needed to compete in one of the country's most competitive real estate markets.
How do I prove eligibility?
How much do I need for a down payment?
Are there reserve requirements?
Reserve requirements depend on your loan amount and loan-to-value ratio.
For LTV between 90.01% and 95.00%: loans from $100,000 to $1,500,000 require no reserves, and loans from $1,500,001 to $2,000,000 require 3 months of reserves.
For LTV above 95.00%: loans from $100,000 to $1,500,000 require 3 months of reserves, and loans from $1,500,001 to $2,000,000 require 6 months of reserves.
What type of property can I purchase with this program?
This program is available for primary residences only.
