Physician Mortgage in Phoenix, AZ — 0% Down, No PMI, Student Debt Excluded
Physician mortgages give doctors, dentists, and healthcare providers in Phoenix access to 0% down home loans with no PMI and student debt excluded from DTI.
Zack Cervantes · NMLS #502342 · New American Funding
Physician Mortgage in Phoenix
A physician mortgage is a specialized home loan program that lets doctors, dentists, and healthcare providers buy a home with 0% down, no PMI, and student debt excluded from DTI. Phoenix is one of the strongest healthcare markets in Arizona, anchored by Mayo Clinic Phoenix and 2 other major hospital systems — and physician mortgage programs are designed for professionals working here.
Zack Cervantes has helped physicians at Mayo Clinic Phoenix and Banner University Medical Center close on homes in neighborhoods like Arcadia, Biltmore, Downtown Phoenix, and throughout the greater Phoenixmetro. Whether you're a resident just starting out or an attending looking to upgrade, a physician mortgage is built for your situation.
From the Camelback Mountain corridor to Paradise Valley, Phoenix offers strong property values and a medical community that keeps growing. This isn't a generic lender page — Zack knows the Phoenix market and works directly with you from pre-approval to closing.
Doctor Loan and Physician Home Loan in Phoenix, AZ
Whether you call it a physician mortgage, a doctor loan, or a physician home loan — the Phoenix program works the same way. Zero down payment. No PMI. Your student loan debt excluded from DTI calculations entirely. This physician loan program is designed specifically for medical professionals who carry substantial student loan debt after training — interns, residents, fellows, doctors, dentists, clinical professors, and researchers all qualify.
Phoenix is home to major health systems including Banner Health, HonorHealth, and Dignity Health — and Zack closes physician loans for doctors at all of them. Whether you match at Mayo Clinic Phoenix, Banner University Medical Center, or St. Joseph's Hospital, your signed employment contract is enough to qualify you — even before your first shift as an attending.
The Phoenix housing market has softened from its 2022 peak, with median home prices around $430,000-$475,000 depending on submarket. Interest rates are elevated versus the post-COVID lows, but physician mortgage loans remain competitive because the program doesn't require private mortgage insurance — the PMI savings alone typically offset the small rate premium on this program.
Arcadia, Biltmore, and Paradise Valley are the most popular physician neighborhoods given proximity to major hospital campuses. Most Phoenix physicians qualify for this loan as a primary residence purchase — investment properties are ineligible. Interest rate pricing varies based on credit score, loan amount, and down payment, but 100% financing is available up to $1M without triggering PMI.
Hospital Systems in Phoenix
Mayo Clinic Phoenix
Physicians qualify for 0% down
Banner University Medical Center
Physicians qualify for 0% down
St. Joseph's Hospital
Physicians qualify for 0% down
Popular Neighborhoods
Program Highlights
Down Payment
0% — zero out of pocket
PMI
None — ever
Student Debt
Excluded from DTI
Eligible
MD, DO, DDS, DMD, DPM, OD, NP, PA
Who Qualifies for a Physician Mortgage?
Physician mortgage loans aren't just for MDs. If you work in healthcare, there's a good chance you qualify. Zack works with:
- ✓Medical Doctors (MD)
- ✓Doctors of Osteopathic Medicine (DO)
- ✓Dentists (DDS / DMD)
- ✓Oral Surgeons
- ✓Orthodontists
- ✓Podiatrists (DPM)
- ✓Optometrists (OD)
- ✓Ophthalmologists
- ✓Veterinarians (DVM)
- ✓Pharmacists (PharmD)
- ✓Nurse Practitioners (NP / APRN)
- ✓Certified Registered Nurse Anesthetists (CRNA)
- ✓Physician Assistants (PA-C)
- ✓Clinical Psychologists (PsyD / PhD)
- ✓Chiropractors (DC)
- ✓Registered Nurses (RN) with advanced degrees
- ✓Fellows and Residents
- ✓Physicians within 90 days of start date
Don't see your title? Call Zack — many other healthcare professionals qualify depending on the lender.
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