Physician Mortgage Loans offer a unique solution to the often-complex financial situations faced by medical professionals, particularly new graduates or residents. These loans understand the high student debt and initial lower earnings of doctors, providing lenient terms that make homeownership more accessible.

The hallmark features of these loans include little to no down payment, exemption from PMI, and a more forgiving approach towards debt-to-income ratios, taking into account future earning potential. However, they do often come with variable interest rates and are primarily available for primary residences.