A Dentist Mortgage allows dentists to get a mortgage with a low down payment and a great rate. These dentist home loan programs, sometimes also called doctor loans or physician mortgages, only require a 0% to 10% down payment. Unlike a conventional loan, you don’t need to pay private mortgage insurance (PMI) as a condition of a low-down payment (This will save you a few hundred 
dollars per month by itself!). You’re also not bound by conventional lending limits, typically $726,200 in most parts of the country.
Underwriting criteria for Dentist mortgages can also be more lenient than traditional mortgages. Here are some examples:
- In many cases, while your student loan debt might hold you back on a traditional loan, dentist mortgages are a little more forgiving and can be more lenient when underwriting a loan with a large amount of student loan debt.
- Dentist mortgage programs generally accept employment as proof of income to secure housing for up to 90 days before starting a new position. If you are an independent 1099 contractor, though it may be more challenging to find a lender, some will work with you and still give you a favorable rate.
- Dentist mortgage loans also will usually accept a future contract as proof of income up to 90 days before your start date.
Pretty awesome, right?! Here are the top 2023 physician loan programs that also cater to Dentists:
Evolve Bank and Trust has an entire group dedicated to Medical Professionals called Physician’s Capital. They allow the following many different medical professionals to utilize the doctor loan, including Dentists.
Down payment options:
- 0% down up to $1,000,000
- 5% down up to $1,250,000
- 10% down up to $1,500,000
- 15% down up to $2,000,000
The one caveat to their program, a very common rule at most physician banks, is that Evolve requires medical professionals to be within ten years of graduating, residency, or fellowship, whichever came last. Evolve does not require mortgage insurance (PMI) for any of the above options. Another positive is that they allow you to own one other home, which is somewhat unique to Pharmacist Mortgages. Generally, you have to be a first-time home buyer to qualify.
Corey Weber is our recommended lender with Evolve Bank and Trust! Click here to apply now.
States available: Alabama, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming.
Lastly, First Merchants Bank is also an excellent solution for many Medical Professionals. Their loan, which includes CRNA’s, allows for a 3% down payment on loan amounts up to $350,000 and no PMI.
States available: Indiana, Michigan, Ohio
3. UMB Bank
UMB’s program is available to MDs, DOs, DDSs, DMDs, ODs, and PharmDs. However, only attending physicians are eligible for 100% financing up to $1 million, while the other professions require a small down payment.
Attending physicians are also eligible for 5% down on loan amounts up to $1.5 million and 10% down up to $2 million. Fixed-rate options are available for 15, 20, and 30-year terms. These loans can be used to purchase a new property or refinance a primary or secondary residence.
4. Truist
Truist offers loans for Medical Doctors, Dentists, and Podiatrists in California. They offer 0% down to $1 million loan amounts, 5% down to $1.5 million, and 10.01% down up to $2 million.
You will not have to pay PMI like all doctor loans, but the loan must go toward an owner-occupied property. If you have deferred student loans, Truist won’t consider your payments in your DTI ratio.
Truist does allow its borrowers to purchase condos, but it will require a 5% down payment. Medical professionals practicing for more than ten years are not eligible for Truist’s doctor loan programs.
Flagstar Bank serves Nurse Anesthetist’s in all 50 states and Washington D.C., offering a variety of adjustable-rate mortgages (ARMs). Their loan program allows for 0% down to a $1 million loan amount and waives the requirement for mortgage insurance (PMI).
Also, similar to many other Physician Loan programs, CRNA’s must be within ten years of graduation to qualify for the program.
Bernard Nubla is our recommended lender with Flagstar! Click here to apply now.
States available: Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming.
5/3 Bank offers residents and interns up to $750,000 in home financing with 0% down, while established dentists can access up to $2 million with a low-down payment. Their minimum FICO requirement is a 700.
They also allow many different visa types which may be worth checking into if that is a concern.
States available: Florida, Illinois, Indiana, Kentucky, Michigan, Ohio, Tennessee, West Virginia, Georgia, North Carolina, South Carolina
7. First National Bank of Omaha
FNBO (First National Bank of Omaha) also has a loan program that caters to Nurse anesthetists. 
Their program allows for 5% down on loan amounts up to $750,000, and 10% down on loan amounts up to $1 million.
States available: Colorado, Iowa, Illinois, Kansas, Missouri, Nebraska, South Dakota, Texas, Wisconsin, and Wyoming
8. US Bank
U.S. Bank only offers financing for Dentists as well.
Down payment options include 10% down up to $1,250,000 and 15% down up to $1,500,000.
U.S. Bank requires a larger down payment; however, they also offer very competitive fixed rate options, which is unusual for medical home loans.
They also allow New Construction financing, though that is a topic to be covered under a different post altogether.
Dylan Newman is our recommended lender with US Bank! Click here to apply now.
