Cornerstone Home Lending

Doctor Mortgage Loans

Physician loans with up to 100% financing and no mortgage insurance. Two programs, each with its own rules, for a primary home in Utah and any other state.

Two doctor loans, two sets of rules

A doctor loan, also called a physician mortgage, is for licensed professionals buying a primary home. You can finance most or all of the price and skip monthly mortgage insurance. We offer two versions. The credential, the rate, the loan amount, and the student-loan rule depend on which one you use.

Up to 100% financing

Professionals Plus goes to 100% up to the county conforming limit. The Medical Professionals loan goes to 100% up to $1.5 million, or $2 million with a 720 score.

No mortgage insurance

Neither program charges monthly mortgage insurance on these high-financing loans.

Student loans handled differently

Professionals Plus can ignore student loans deferred 12 months. The Medical Professionals loan can ignore them for residents and fellows.

Which loan fits

Professionals PlusMedical Professionals
Rate5/6 ARM only15- to 30-year fixed, or 5/6, 7/6, and 10/6 ARM
UsePrimary-home purchasePrimary-home purchase or rate-and-term refinance
100% financingUp to the county conforming limit, from $250,000Up to $1.5 million at 680, or $2 million at 720
Above that95% up to $1.5 million, with 5% of your own funds95% up to $2 million at 680
Credit score720680 or 720, depending on the amount
WhoPhysicians, dentists, residents, fellows, nurses, nurse practitioners, practicing attorneys, CPAsPhysicians, dentists, pharmacists, veterinarians, podiatrists, CRNAs, nurse practitioners, residents, fellows, interns
Student loansDeferred 12 months or more can be excludedExcluded for residents and fellows in deferment, forbearance, or a $0 income-driven plan
Gift fundsAllowed after your own minimum. That minimum is $0 at 100%Can cover the down payment, closing costs, and reserves

Professionals Plus

This is Cornerstone Capital Bank's portfolio loan. It is a 5/6 ARM for a primary-home purchase in any state, including Utah, Idaho, and Colorado. The rate is fixed for 5 years, then adjusts every 6 months, with caps of 2, 1, and 5.

Loan amountDown paymentCredit scoreMax payment ratio
$250,000 up to the conforming loan limit0%72038%
Conforming limit + $1 up to $1,500,0005% of your own funds72036%

In most counties the 2026 one-unit conforming limit is $832,750, and it is higher in high-cost counties. There is no monthly mortgage insurance. A seller can contribute up to 6% of the price. Gift funds are allowed once your own minimum is met.

Who qualifies

  • Physicians: MD, DO, and DPM, including medical residents and fellows
  • Dentists: DDS and DMD
  • Registered nurses, and nurse practitioners (FNP, AGPCNP, PNP, and PMHNP)
  • Attorneys working as an associate, partner, or counsel
  • CPAs
  • U.S. citizens, permanent residents, and non-permanent resident aliens
A cosigner is allowed. The Cornerstone Capital Bank checking account can be opened at closing.
Residents and fellows can use an employment contract when the job starts within 90 days of the note.
Student loans deferred at least 12 months at closing can be left out of the debt ratio.
You need 3 months of reserves after closing, and no more than two financed properties.
Pharmacists, veterinarians, optometrists, physician assistants, and foreign nationals are not eligible for this loan.
Eligible homes are a single-family house, townhome, condo, PUD, or modular home. You cannot add a second mortgage or a down-payment-assistance lien.

Medical Professionals loan

This is a separate program. It offers a 15-, 20-, 25-, or 30-year fixed rate, or a 5/6, 7/6, or 10/6 ARM, for a primary-home purchase or a rate-and-term refinance. It is for financing more than 90% of the price, with no monthly mortgage insurance and no second mortgage.

ScoreFinancingLoan amount
680100%Up to $1,500,000
68095%Up to $2,000,000
720100%Up to $2,000,000

The minimum loan is $100,000 on a fixed rate and $350,000 on an ARM. The debt ratio can go to 50% at 95% financing or below, and to 45% above 95% and on ARMs and 15-year terms.

Who qualifies

  • MD, DO, DDS, DMD, and DPM, including residents, fellows, and interns
  • Pharmacists (PharmD) and veterinarians (DVM)
  • CRNAs with a DNAP or DNP, and nurse practitioners with an MSN or DNP
  • U.S. citizens and permanent residents
  • Non-permanent residents with an unexpired visa and 24 months of U.S. employment, up to 95% financing
Gift funds from an eligible donor can cover the full down payment, closing costs, and reserves.
A W-2 contract can start within 150 days of the note. A 1099 contract can start within 60 days of closing.
Student loans in deferment, forbearance, or a $0 income-driven plan can be left out when you are qualifying on residency or fellowship income.
You can own up to four financed properties, including this home.
Registered nurses, attorneys, CPAs, physician assistants, and foreign nationals are not eligible for this loan. Professors and medical directors need active clinical duties in the contract.
Eligible homes are a one-unit primary residence, including a warrantable condo, PUD, or modular home.

Frequently asked questions

What is a doctor mortgage?
A doctor mortgage, also called a physician loan or doctor loan, lets an eligible professional buy a primary home with little or no money down and no monthly mortgage insurance. We offer two of them, and each one follows its own guidelines. Professionals Plus is a 5/6 adjustable-rate portfolio loan. The Medical Professionals loan offers 15- to 30-year fixed rates and 5/6, 7/6, and 10/6 adjustable rates.
Can I buy with no down payment and no mortgage insurance?
On Professionals Plus, yes, when the loan is $250,000 up to the county conforming limit, your score is at least 720, and your debt ratio is 38% or less. In most counties the 2026 one-unit limit is $832,750. Above that limit, up to $1.5 million, Professionals Plus is 95% financing with 5% of your own funds and a 36% debt ratio. On the Medical Professionals loan, 100% financing goes to $1.5 million with a 680 score, or to $2 million with a 720 score. That loan is for financing more than 90% of the price. Neither loan charges monthly mortgage insurance.
Do deferred student loans count against me?
On Professionals Plus, student loans deferred for at least 12 months at closing can be left out of the debt ratio for any eligible borrower. On the Medical Professionals loan, student loans in deferment, forbearance, or a $0 income-driven payment can be left out only when you are in residency or a medical fellowship, or about to start one, and you qualify on that income. Loans in repayment still count.
Is a doctor loan a 30-year fixed mortgage?
Professionals Plus is a 5/6 adjustable-rate mortgage. The rate stays the same for 5 years, then it can change every 6 months. The first change is capped at 2 percentage points, later changes at 1 point, and the rate cannot rise more than 5 points over the start rate. The Medical Professionals loan can be a 15-, 20-, 25-, or 30-year fixed rate, or a 5/6, 7/6, or 10/6 adjustable-rate mortgage.
Do nurses, attorneys, or pharmacists qualify?
Registered nurses, nurse practitioners, practicing attorneys, and CPAs qualify for Professionals Plus. Pharmacists (PharmD), veterinarians, and CRNAs qualify for the Medical Professionals loan, along with physicians and dentists. Physician assistants and optometrists are not eligible for either loan. A law degree has to be paired with work as an associate, partner, or counsel.
Can I refinance a doctor loan?
Professionals Plus is for a primary-home purchase only. The Medical Professionals loan can be used for a primary-home purchase or a rate-and-term refinance. Neither loan allows a second home, a rental, or a second mortgage on top.
Are these loans available in Utah, Idaho, and Colorado?
Yes. Both can be used on a primary home in any state, including Utah, Idaho, and Colorado. The property, credit, and credential rules for the program you use still apply.

Professionals Plus is a Cornerstone Capital Bank portfolio loan, last revised July 20, 2026. The Medical Professionals loan follows a separate guideline, effective August 10, 2026. These programs are not a standard Fannie Mae or Freddie Mac loan, and the rules above apply only to the program named. All loans are subject to credit approval, property eligibility, and program guidelines, which can change. This page is not a commitment to lend. Equal Housing Lender. Cornerstone Home Lending, a division of Cornerstone Capital Bank, SSB. NMLS #2258. Tim Hawkes NMLS #8785. Jake Peterson NMLS #1692825.

See which loan fits

Tell us your credential, whether you are buying or refinancing, and how your student loans are set up. We will match you to the program whose rules you actually meet.

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(801) 820-7620