Physician Mortgage in Richmond, VA — 0% Down, No PMI, Student Debt Excluded
Physician mortgages give doctors, dentists, and healthcare providers in Richmond access to 0% down home loans with no PMI and student debt excluded from DTI.
Nate Jones · NMLS #304056 · New American Funding
Physician Mortgage in Richmond
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. Richmond is one of the strongest healthcare markets in Virginia, anchored by VCU Medical Center and 2 other major hospital systems — and physician mortgage programs are designed for professionals working here.
Nate Jones has helped physicians at VCU Medical Center and Bon Secours St. Mary's close on homes in neighborhoods like The Fan, Carytown, Church Hill, and throughout the greater Richmondmetro. Whether you're a resident just starting out or an attending looking to upgrade, a physician mortgage is built for your situation.
From the VCU Campus corridor to Short Pump, Richmond offers strong property values and a medical community that keeps growing. This isn't a generic lender page — Nate knows the Richmond market and works directly with you from pre-approval to closing.
Doctor Loan and Physician Home Loan in Richmond, VA
The Richmond physician mortgage works the way the doctor loan works everywhere: zero down payment, no PMI, and student loan debt excluded from DTI entirely. It is built for medical professionals still carrying training debt — residents, fellows, attendings, dentists, and clinical faculty — who qualify on their signed contract and credentials rather than two years of W-2s.
Richmond's medical center of gravity is VCU Medical Center, a Level I academic trauma hospital that trains a large share of the region's residents and fellows, alongside Bon Secours St. Mary's and the HCA Chippenham and Johnston-Willis campuses. Nate closes physician loans for doctors at all of them, and a signed employment contract qualifies you even before your first attending shift.
Here Richmond has a real edge over DC and the Northeast: housing is genuinely attainable, with a median around $330,000-$375,000. On a physician's income that means the 0%-down, no-PMI structure often puts a house within reach in the first year of practice rather than the fifth — and excluding student debt from DTI leaves room to buy in the neighborhood you actually want.
The Fan, Museum District, and Church Hill are the classic physician neighborhoods for their short commute to VCU downtown, while Short Pump and the West End suit those at St. Mary's or with families. Most Richmond physicians use this loan for a primary residence, with 100% financing available up to $1M without triggering PMI. Investment properties are ineligible; rate pricing varies with credit score, loan amount, and down payment.
Hospital Systems in Richmond
VCU Medical Center
Physicians qualify for 0% down
Bon Secours St. Mary's
Physicians qualify for 0% down
Chippenham Hospital
Physicians qualify for 0% down
Popular Neighborhoods
Watch: Physician Mortgage in 60 Seconds
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. Nate 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 Nate — many other healthcare professionals qualify depending on the lender.
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Physician Mortgages in Nearby Cities
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