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Professional Mortgage Loans

Doctors, attorneys, CPAs, and other highly trained professionals can become homeowners sooner with a professional mortgage from Flagstar. 

We’re here to help every step of the way.

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Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.  

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Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

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Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

How to buy a home early in your career

If you’re in the first 10 years of your profession, you could buy a home sooner than you think. Instead of spending years paying down debt then saving up a down payment, let's see if a professional home loan is right for you.

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For highly skilled professionals

This loan factors in the upfront investment you've made in your career.

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Eligible professions

Available for doctors, dentists, registered nurses, attorneys, CPAs, veterinarians, ATP pilots, and more

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Low or no down payment

Keeping costs down to get you into your new home.

A loan that lives up to your profession

If you've invested many years and thousands of dollars into your education and career, buying a home might feel like it's decades away. Let's find a way to make it happen sooner with a professional mortgage from Flagstar.

 

This loan features flexible qualifications, lower costs than a conventional mortgage, and low or even no down payment. If you’re within 10 years of starting your profession, contact us to find a professional home loan that's perfect for you. See below for a list of eligible professions.

  • No down payment on loans up to $1 million with a 720 FICO score
  • Low down payment on loans up to $1.5 million
  • No mortgage insurance required
  • Adjustable interest rate
  • Interested party contributions allowed

Eligible professions

Medical Resident (Educational License)

Medical Doctor (MD)

Doctor of Dental Surgery (DDS)

Doctor of Dental Medicine (DMD)

Doctor of Optometry (OD)

Doctor of Ophthalmology (MD)

Doctor of Pharmacy

Doctor of Podiatric Medicine (DPM)

Doctor of Osteopathy (DO)

Physician Assistant  

Registered Nurse

Nurse Anesthetist

Nurse Practitioner

Clinical Nurse Specialist

ATP Pilot

Certified Public Accountant (CPA)

Attorney

Veterinarian

Let’s find the perfect mortgage for you

If you're like most people, buying a home is the largest purchase you'll ever make, but you don't have to go it alone. Talk to the friendly, competent, and trustworthy experts at Flagstar to find a home loan that's right for you. 

Icon of a computer monitor and smart phone

Ready to apply online?

Start your loan application here. Don't worry—if you get stuck, we're just a phone call away.

Icon of a person with a speech bubble in front of them

Speak with a loan advisor.

We'll help you find the right loan, start your application, and answer your questions.

Icon of a person standing next to a map location symbol

Find a loan advisor.

Connect with a local expert and meet remotely or at a nearby branch. We'll guide you through the entire home loan process.

Manage your loan your way with MyLoans®

Sign in to MyLoans anytime to make payments, view your statements, sign up for paperless statements, and more. Everything you need is right at your fingertips. 

Everything you need to know about home loans

Whether you're an expert or a first-timer, find the ins and outs of mortgages here. Learn what it takes to qualify for a loan, discover the different types of mortgages, and finally understand what an escrow account is for. 

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Home loan basics

Learn how mortgages work, the differences between adjustable and fixed interest rates, and more.

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The mortgage process

Get a step-by-step breakdown, from prequalifying to inspections to closing and beyond. 

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Mortgage Loan Calculators

Calculate your house-hunting budget, monthly payments, closing costs, and more.

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Current mortgage rates

View our competitive mortgage rates for all types of home loans.

7th Largest Bank Mortgage Originator

Inside Mortgage Finance, Q3 2023

Why choose Flagstar?

We're an award-winning lender with more than 35 years of experience connecting customers to the right mortgage solution for their needs. With hundreds of conventional, jumbo, and government-backed options available, we'll find the right home loan for you, too. Whether you are buying a new home or ready to refinance, you can trust our simple application and streamlined process to get you to closing on time.

You may also be interested in:

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Adjustable rate mortgages

Don't let the word “adjustable” keep you away from a great loan. Find out if an ARM is right for you.

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Fixed rate mortgages

No surprises here, just peace of mind from consistent monthly payments that fit into your budget. 

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Specialty Loans & Mortgage Services

If you’re looking for something beyond a conventional loan, our lending experts can design a specialty mortgage with your needs in mind

With an adjustable-rate mortgage (ARM), your <5/6, 7/6, 10/6 > loan will have an initial fixed-rate period of <60 months, 84 months, 120 months>. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Your payment amount will vary based on any adjustment in the interest rate after the fixed-rate period and your monthly payment may increase. Your variable rate can adjust every six months for the remaining life of the loan.

Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan to value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

For purchase or rate/term refinance of a 1-unit, Warrantable Condo and PUD primary residence. Not available in Puerto Rico.

 

Eligible borrowers include those employed as: a Medical Resident (with Educational License), Doctor of Medicine (MD), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine or Surgeon (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Pharmacy, Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Veterinary Medicine (DVM), Certified Public Accountant (CPA), Physician's Assistance, Registered Nurse, Nurse Anesthetist, Nurse Practitioner, Clinical Nurse Specialist, ATP Pilots, Veterinarian and Attorney. At least one occupying borrower must hold a valid license within one of the eligible professional fields and meet all of the following requirements: Borrower must be within ten (10) years of the start of their profession, and be actively engaged in the eligible profession. All borrowers, including non-occupant co borrowers, may only have one outstanding Professional or Doctor loan with Flagstar at any given time. Occupying borrower(s) may have no other second homes or investment properties financed with Flagstar Bank at any given time.

 

Contributions may have limitations based upon occupancy and loan to value ratios and cannot be used for purposes of down payment, reserve requirement or meet minimum contribution requirements.

Please consult your tax advisor regarding the deductibility of interest.

Flagstar Bank NMLS# 417490