Physician’s Loans

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Mortgage options for your dream home at rates you can afford.

Home Loan Options for Medical Professionals

As a Physician, your financial situation is unique. The structure of traditional mortgages does not align with your financial story. For this reason, Capitol Bank has created a mortgage program that flexes in the right places.

Student Loans: Student loans are counted as only 1% of the outstanding balance or not counted if the loan is not in repayment.
Less Down: Little to no down payment and no private mortgage insurance (PMI).

Physician Loans FAQs

Physician’s Loans are available for medical professionals, including medical residents, fellows, and physicians.

The main benefit of a Physician’s Loan is that we don’t have to count the full student loan debt against you. In some situations, if the loan is in deferment, we don’t have to count any of the student loan payments against you. If the loan is not in deferment, we only have to count 1% of the balance in a payment against you. This enables you to qualify for more of a house. Also, we can do as little as 0% down in some situations for people to get in a home.

In some situations, it might make sense to go with a conforming loan versus an adjustable-rate Physician’s Loan. Those situations would be if you have 20% down and don’t need the benefit of a lesser amount down, and also if your student loans are not inhibiting you against qualifying for the certain price of a house that you’re looking for.

If you are relocating to the Madison area with a job in the medical field, we can pre-qualify you ahead of time. We need to have a contract for the new position, but we do not require you to start the job before you close on the loan. In fact, we can close up to 60 days prior to you starting the new position. We simply need a copy of the contract for the new position that includes the salary and the start date.