Medical Professional Program

As a medical professional, you work hard to keep our community healthy and safe — and that deserves a big “thank you.”

Our doctor loans make it easier for medical professionals to achieve their homeownership dreams by offering 0-5% down payment and no mortgage insurance requirement.

program details

  • Available for qualified medical professionals (including doctors, dentists, veterinarians, and more) who have completed their residency
  • No down payment required for loan amounts up to $1 million
  • 5% down payment required for loan amounts up to $1.5 million
  • Fixed-rate and adjustable-rate mortgage (ARM) options available
  • Student loan debt may be excluded from your debt-to-income calculation (ask your Waterstone Mortgage loan professional for additional details)

Eligible individuals include Medical Resident, Medical Doctor (MD), Doctor of Dental Medicine (DMD), Doctor of Ophthalmology (MD), Doctor of Osteopathy (DO), Doctor of Surgery (DCH), Medical Fellow, Doctor of Dental Surgery (DDS), Doctor of Optometry (OD), and Doctor of Podiatric Medicine (DPM).

All loan requests are subject to credit approval as well as specific loan program requirements and guidelines. With adjustable-rate mortgages, the interest rate is variable and may increase or decrease after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographical restrictions may apply.