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Are you a medical professional? Get a larger home loan with less down

Every year, thousands of medical professionals graduate from med school and residency programs across the country. Recent graduates are typically saddled with student loan debts and often lack the savings for a hefty down payment. However, many of them can look forward to massive potential for future earnings and their risk of defaulting tends to be lower than the average homebuyer. 

Does this dilemma describe your situation? Guaranteed Rate has a program with your name on it. You’ve dedicated your life to helping others and we’re dedicated to helping you achieve the dream of homeownership! 

Our program for eligible practitioners, residents and students* could allow you to put less money down and receive a higher loan amount. Homes can be purchased with options as little as 5% down! Even better—all loans come with lender paid mortgage insurance. This means you can wave goodbye to pesky mortgage insurance on your monthly payments. Program details include: 

  • Single-family homes, condos, PUDs and 2-unit properties 
  • 95% loan-to-value (LTV) options up to $1M
  • 89.9% loan-to-value (LTV) options up to $1.5M
  • Adjustable rate mortgage products only
  • $200,000 minimum purchase price

At Guaranteed Rate, we’re thankful for your commitment to serving our communities in the medical field. We’d love to return the favor by helping you finance a home! Contact us to learn more about our special program for medical professionals.

*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.

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, DTI limit is 40% for loans between $200K - $1M and 43% for loans between $1M - $1.5M.


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All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.