PhysicianLoans Now Allows Graduating Medical Students and Doctors New Flexibility in Closing a Home Loan

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Physicians and graduating medical students can now close a home loan 90+ days prior to job start.

Tal Frank, President

Expanding beyond that 60-day period offers our clients even more lifestyle flexibility as they prepare to purchase and close on a home.

PhysicianLoans, the industry leader in home mortgage financing for doctors today announced new home loan flexibility for practicing physicians and medical school graduates. Prior guidelines dictated an allowance of up to 60 days before a physician started a new job. Now, PhysicianLoans has expanded that allowance beyond the 60 days to an even more convenient timeframe of 90+ days.

“This flexible timespan has always been a huge benefit for our clients versus traditional financing, which typically requires a doctor or graduate to be on the job or close 30 days prior to starting, at most,” said Tal Frank, president of PhysicianLoans. “Expanding beyond that 60-day period offers our clients even more lifestyle flexibility as they prepare to purchase and close on a home.”

Graduating medical school is a time of great upheaval. Add to that the anticipation of a new job, along with a move to a new home and chaos is inevitable. This loosening of the closing timeframe guidelines will allow buyers, such as graduating medical students, to close in April prior to starting residency. Likewise, this new flexibility will assist doctors who may want their family to move in over the summer, get settled and enroll in schools before he or she finally makes the move in the fall.

Some conditions to the more relaxed closing timeframes for graduating med students and doctors include:
1.    Doctors showing sufficient savings — this includes the ability to cover payments until the paycheck from the new job kicks in
2.    Applicable only to residents and doctors on a salaried contract

Self-employed doctors or those taking on a new job as a 1099 contract employee will still be limited to the 60-day window.

“PhysicianLoans meets the specific home loan financing needs for doctors and graduating medical students who oftentimes face high debt-to-income ratios, lower than expected savings, and tight scheduling conflicts,” said Frank. “This announcement of even more flexibility makes our loans for doctors the first stop in the home buying process.”

About Us
Since 1993, PhysicianLoans has focused exclusively on providing home mortgage loans to medical professionals. Located in Columbus, Ohio, PhysicianLoans is known for its unique, flagship product The Doctor Loan, which is offered to medical doctors, dentists and veterinarians, many who find themselves laden with heavy student loan debt that often prohibits obtaining a conventional mortgage loan. For more information about PhysicianLoans, visit

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Tal Frank, President
since: 02/2014
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