Ontario, British Columbia & Nova Scotia.

Mortgages for Doctors.

Are you a physician or Doctor?

"Unparalleled service, honesty & experience". 

P.K.

Toronto Homeowner

Mortgages for Physicians and Doctors

Mortgages for Medical Professionals.

Mortgages for Physicians and Doctors.

So, you’re currently in the process of completing your residency or fellowship, or, have successfully completed your residency or fellowship within the last 24 months and looking forward to a promising and fulfilling future as a physician, dentist or veterinarian? Congratulations; well deserved! For many in your position, the next step is to purchase your dream home! The issue that some face may be that your current income does not truly represent your future income and/or be sufficient to qualify for mortgage financing. Don’t stress – we may have a solution for you! 

Program Details

high-Level Guidelines - Contact Us for details.

Loan Purpose: Purchase Your Principal Residence
Maximum Purchase Price: Less Than $1,000,000
Minimum Down Payment: 10%*
Term Length: 5 Years
Interest Rate: Fixed or Adjustable
Maximum Amortization: 25 Years
Payments: Weekly, Bi-Weekly, Semi-Monthly or Monthly

Reverse Mortgage
Private Mortgage

Borrower Qualifications

high-Level Guidelines - Contact Us for details.

  • Physicians, Dentists & Veterinarians
  • Medical Professionals registered or enrolled in a recognized medical residency or fellowship in Canada.
  • Newly practising physicians who began practicing within the last 24 months.
  • Foreign-trained physicians who are licensed by a provincial college and are Canadian Citizens or Permanent Residents who have completed their program within the last 24 months.
  • Dental/Veterinary students who are in their final year of residency/ fellowship or recognized program of study in Canada. 
  • Newly practising dentists who are completed their program within the last 24 months
  • Newly practising veterinarians who completed their program within the last 12 months. 

Income Qualifications?

Approvals Based On Projected Income.

Physicians:

  • Residency/Fellowship: We require confirmation of enrolment of residency/fellowship, including the medical specialty and identify the current year of enrolment.
  • Medical residents/fellows in first or second year can qualify based on a projected annual income of ___ (contact us for details). 
  • Medical residents/fellows in their third year of residency/fellowship can qualify based on a projected annual income of ___ (contact us for details).

Newly Practising Physicians:

  • We require confirmation of program completion including the stream of specialization and the date of completion. You must have  completed their residency/fellowship within the last 24 months.
  • Newly practicing foreign trained physicians must have completed their program within the last 24 months or must be registered with a provincial college. You must provide confirmation of completion, including specialization and confirmation of active college registration showing that you’re legally entitled to practise in Canada. 
  • Residents/Fellows in your last year or newly practicing physicians who completed your residency/fellowship within the last 24 months can qualify based on your field or specialization (contact us for details). 
Dentists & Veterinarians:
 
  • If you’re in residency or fellowship, we require confirmation of enrolment of residency/fellowship and identify the current year of enrolment.
  • If you’re a newly practicing dentist or veterinarian, we require confirmation of program completion.
  • If you’re a dentist, you must have completed your residency/fellowship within the last 24 months and you may qualify based on a projected annual income of ___ (contact us for details).  
  • If you’re a veterinarian, you must have completed your residency/fellowship within the last 12 months and you may qualify based on a projected annual income of ___ (contact us for details).
 
 

In summary.

We are Your mortgage experts.

If you would like to learn more about mortgages for physicians and doctors and potential home purchasing options, we warmly invite you to contact us at your convenience, 7 days a week, for a complimentary mortgage discussion – we look forward to speaking with you! 

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