Higher loan amount available for doctors with less money down

A Guaranteed Rate Loan Program for Medical Professionals

Medical professionals can put less money down for a higher loan amount.

Eligible practitioners, residents and students* now have more flexibility and purchasing power thanks to Guaranteed Rate’s Doc 5 program.

  • 5% down payment options up to $1M
  • Flexible DTI requirements
  • No monthly mortgage insurance
  • Gift contributions allowed in addition to down payment
  • Single-family homes, condos, PUDs and 2-unit properties
  • Minimum $200,000 loan amount
  • ARM products only

*Eligible professionals include practicing doctors (includes DOs), dentists, dental surgeons and veterinarians or those within 10 years of completing their original residency or fellowship or newly licensed medical residents who are currently employed, in residency or fellowship or newly licensed medical students who are about to begin new employment/residency within 60 days of closing.

DTI limit is 40% with an LTV less than 89.9% and 43% for loans with an LTV of 90% or greater. Six months of reserves required, borrower must have enough liquid money in the bank to pay for six months of mortgage payments after closing. Dependent on minimum FICO Score requirements.



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