Medical Professional Program

As a doctor, 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 0-3% down payment and, in some cases, no mortgage insurance.

The Medical Professional Program is available for eligible doctors and dentists, as well as qualified medical professionals who begin residency after loan closing.

program details

  • Available for qualified doctors and dentists who have completed their residency
  • No-down-payment options available in some areas — contact a loan originator to learn more
  • 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 residents, existing or new licensed Medical Doctors (MD), Doctors of Dental Science (DDS), Doctors of Dental Medicine (DMD), Dental Surgeons specializing in oral and maxillofacial surgery (DMD), Doctors of Ophthalmology (MD), Doctors of Podiatric Medicine (DPM), and Doctors of Osteopathy (DO).

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.