Can I buy a home in Phoenix or Scottsdale with no down payment as a doctor?

How physician home loans work

• Up to 100% financing — no down payment required for eligible professionals (0% down does not mean $0 at closing)
• No monthly PMI, even with little or no down payment
• Financing on homes up to approximately $2 million, depending on qualifications
• Minimum credit score of 680
• Relocation flexibility: if you're moving to start a new job, a fully executed offer letter may be accepted instead of paystubs

Who is eligible?

Eligible degrees generally include MD (Doctor of Medicine), DO (Doctor of Osteopathic Medicine), DDS (Doctor of Dental Surgery), DMD (Doctor of Dental Medicine), PharmD (Doctor of Pharmacy), DVM (Doctor of Veterinary Medicine), DPM (Doctor of Podiatric Medicine), and certain doctoral-prepared advanced practice roles such as DNP or DNAP (nurse anesthetist). Residency and fellowship considerations may also apply.

A meaningful detail for new doctors

Deferred student loans may be excluded from your debt-to-income calculation under some physician loan programs — which can matter a great deal when you're finishing training with six figures of student debt. Ask how your specific loans will be treated before you assume you can't qualify.