Learn More About Physician Loans

Up to 100% Financing Available with No Private Mortgage Insurance (PMI)

• Versatile Options: Available for new construction, existing home purchases, or refinancing of an existing home.
• Flexible Loan Solutions: Choose from a wide range of fixed and adjustable-rate mortgage options.
• Tailored Underwriting: Underwriting flexibility that considers the unique financial circumstances of CRNAs.
• Vacation Homes and Second Properties: Financing options available for second homes and vacation properties.

Benefits

Lower Barrier to Homeownership:
The low down payment and no PMI make it easier for CRNAs to purchase homes, even with student loan debt.

Designed for CRNAs:
Future income potential and flexible treatment of student loans make qualification more accessible.

Lending Criteria: What Matters Most

Eligible Borrowers:
Borrowers must be active—not retired—Certified Registered Nurse Anesthetists (CRNAs) with a current license to practice.

Credit Score Requirements:
Minimum credit score requirements vary but are generally more lenient compared to conventional loans, often starting at 700 or higher.

Debt-to-Income (DTI) Ratio:
Physician mortgage loans often allow for more flexible DTI ratios, accommodating the anticipated future income growth of CRNAs.

Employment Verification:
Lenders may accept employment contracts or other documentation reflecting future income, especially for CRNAs transitioning to new roles.

Things To Consider

Interest Rates:
While competitive, rates may be slightly higher than conventional loans if the down payment is minimal.

Fixed-Rate and Adjustable-Rate Mortgages (ARM):
Options include fixed-rate loans (stable interest rates for the loan term) or ARMs (rates adjust after an initial fixed period).

Closing Costs:
Typical costs include loan origination, appraisal, title insurance, and related fees. Some lenders offer incentives or reduced fees for CRNAs.

Prepayment Penalties:
Many CRNA mortgage loans come without prepayment penalties, allowing you to pay off the loan early without additional fees.

Next Steps

1. Gather necessary documentation (CRNA certification, employment contract, etc.).
2. Verify your credit score (typically 700+).
3. Confirm your debt-to-income ratio meets the lender’s requirements.
4. Browse our Featured Loan Officers to find the right fit for you.

Each lender may have specific requirements and benefits, so it’s essential to compare offers. That’s where we step in to help. Our carefully selected Featured Loan Officers are ready to assist.

CRNA mortgage loans are tailored to address the unique financial circumstances of nurse anesthetists, providing an advantageous path to homeownership even with student loan debt and early career income. Click below to connect with a Specialist and take the first step toward your dream home today!