11 Physician Home Loans in Georgia (Complete 2023 Guide)


  • A physician mortgage loan in Georgia can financially benefit doctors, dentists, optometrists, podiatrists, veterinarians and other high salary professions.
  • Physician mortgage programs have optional down payments with no private mortgage insurance and high loan limits.
  • Relaxed underwriting guidelines can help young physicians buy a home before starting their new position.

If you’re a physician looking to purchase or refinance a home in the Peach State, there’s a homeownership program that can give you a solid leg up in this competitive housing market. A physician mortgage loan in Georgia provides exclusive access to $0 down payment options and loan amounts that well exceed the conventional loan limit.

According to the Georgia Association of REALTORS, homes in the $300,000 and above range saw a 31% increase in sales price in the last year. With rising interest rates and a limited inventory of homes across the state, you need to use every advantage to buy your dream home.

Let’s explore how you can benefit from a physician mortgage loan in Georgia.

How do Georgia physician mortgages work?

Physician mortgages, sometimes called doctor home loans, traditionally cater to medical doctors and dentists. But many programs have expanded their eligibility to include other high salary professions, such as optometrists, podiatrists and veterinarians.

One of the biggest benefits of physician mortgages is getting up to 100% financing for your home loan with no private mortgage insurance (PMI) requirement.

Most physician mortgage programs offer a $0 down financing option for qualified borrowers. Alternatively, you might be looking at a low down payment of 5% to 10%, particularly if you need a home loan reaching $1 million or more.

But that’s still well below the 20% down payment that’s generally required for a conventional home loan if you want to avoid triggering the need for PMI.

PMI can cost you thousands of dollars each year alone. With a physician mortgage, you won’t be required to carry PMI, regardless of your down payment amount. This is the case even if you take advantage of a $0 down payment option.

Additionally, if you plan to purchase a home that exceeds the conventional home limit ($647,200 for most counties across the U.S.), you won’t need to turn to a jumbo loan with higher interest rates.

A physician mortgage loan can allow you to access a million-dollar loan (or more) while maintaining a competitive rate. But these high lending caps can be dangerous if you aren’t diligent about your mortgage payment budget.

New physicians can benefit from a physician mortgage loan in Georgia

Physician mortgage programs are made for young physicians who typically carry a large student debt balance and might not have the income history needed to qualify for a traditional home loan program.

Depending on the lender, your student debt will receive favorable treatment when calculating your debt-to-income ratio. In some cases, it might be excluded altogether if in deferment. Alternatively, the bank might use your actual monthly payment on an income-driven repayment (IDR) plan.

New physicians — including residents, fellows and interns — can really cash in on this program by being able to buy a new home before starting their new position. Most physician mortgage lenders require an employment contract with a start date within 60 to 90 days of closing to qualify.

These relaxed underwriting guidelines can help fast-track your home buying timeline as a new physician.

Get Quotes for Your Doctor Mortgage

What mortgage product would you like a quote for?

Step 1: Job

Step 2: Home

Step 3: Your Info

What is Your Occupation Status Currently?


What most closely represents the price range of the house you’re searching for?

What is your preferred down payment?

What stage are you at in the home buying process?

How soon do you hope to secure a mortgage approval?

How many banks would you like quotes from?

Have you experienced any bankruptcies or short sales?

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