Mortgages for Michigan Medical Professionals
You may have heard of the benefits of a “Doctor Loan” or “Physician Loan” and we are here to guide you through qualifying and understanding the key benefits - our program expands BEYOND Doctors and Physicians!
Why choose the Medical Professional Mortgage with Iris?
No PMI
Save thousands—no Private Mortgage Insurance required, even with low down payments.
No Down Payment Options
Borrow up to $2,000,000 with 0% down (720+ FICO required). More than most banks.
Higher Loan Limits
Access more purchasing power than conventional mortgages at lower down payment levels.
Eligible Professionals
Medical Doctor (MD)
Doctor of Osteopathic Medicine (DO)
Doctor of Dental Medicine (DDM)
Doctor of Dental Surgery (DDS)
Doctor of Optometry (OD)
Doctor of Pharmacy (PharmD)
Doctor of Physiotherapy (DPT)
Doctor of Podiatric Medicine (DPM)
Medical Resident (Educational License)
Nurse Anesthetist (CRNA)
Nurse Midwife (APRN)
Nurse Practitioner (NP)
Physician Assistant (PA)
Psychologist (PhD)
Registered Nurse (RN)
Registered Pharmacist (RPh)
Veterinarian (DVM)
What about other mortgage options?
As a mortgage broker, we offer many types of mortgages with many lenders - Conforming Conventional (Fannie Mae/Freddie Mac), FHA, VA, USDA, non-QM and will always help you compare all options to make an educated and informed decision on the best product to match your goals.
Our Purchase and Refinance Options Make Homeownership Achievable and Affordable for Medical Professionals
“Chris and Katherine went above and beyond in helping us with our financing.
They helped us find the best mortgage rate and did the work smoothly and efficiently.
If I needed to call or email them about a question, they always answered right away. Great service and a great product!
If we ever need another mortgage or if we ever need to re-finance, we will definitely reach out to Iris and their excellent team!”
Paul T, MD
Owner, Plum Health Direct Primary Care
“The Iris staff helped my family secure our new home, and we couldn't be happier with the ease of the mortgage process.
They streamlined our close and answered every phone call along the way. We would recommend them to anyone.
Will use them again in the future!”
Kevin G, MD
Forensic Pathologist, Deputy Medical Examiner, Saint Clair County, Saginaw County & Michigan Forensics
“Outstanding experience.
Very thorough.
Christopher Thomas walked us through the whole process.
Made things clear, flexible and was VERY available. Answered all our questions thoroughly”
Christopher B, MD
Corewell Health, Physical Medicine and Rehabilitation
Apply with Iris.
Chris Thomas
Mortgage Loan Originator
313.655.2423
chris@irismortgage.com
NMLS 1526088
Zachary Schrode
Mortgage Loan Originator
313.590.2807
zach@irismortgage.com
NMLS 1418813
Michigan Comparison
Above chart for illustrative purposes only.
Why work with Iris?
More People Qualify, not just MDs & DOs.
Bigger Zero-Down Window, up to $2 million with no PMI.
More Rate Options, fixed + ARM (5/1 and 7/1) available.
Local, Personalized Expertise, Michigan focus, same-day pre-approvals.
True Fiduciary Approach, as a broker, we shop multiple lenders and help refinance later when it aligns with your goals
Get Your Medical Professionals Mortgage Pre-Approval Letter Now!
Not a commitment to lend. Not all applicants will qualify. Loan approval is subject to credit review, eligibility, and program guidelines. Terms and conditions may apply.