Physician Mortgage Lenders in Tennessee
Tennessee's healthcare excellence in Nashville, Memphis, Knoxville, and Chattanooga creates opportunities for physicians nationwide. Tennessee physician mortgage programs offer no PMI, 0% down options, and competitive rates for doctors joining Vanderbilt, HCA Healthcare, and health systems throughout the Volunteer State.
Premier Lenders
Alliant Credit Union offers an industry-leading Medical Professional Loan Program designed to support physicians and medical professionals through career transitions, relocations, and early earning years. The program is available nationwide (except Maryland) and is known for its high loan limits, flexible student loan treatment, and no private mortgage insurance.
Alliant treats its physician loan as a core lending product, allowing for consistent underwriting, conforming and non-conforming options, and flexible qualification for both new and established medical professionals.
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Atlantic Union Bank is a regional financial institution offering specialized mortgage solutions for medical and healthcare professionals. Atlantic Union provides a physician mortgage program designed to help doctors and clinicians purchase a home with flexible underwriting, low down payment options, and student loan considerations that reflect the realities of medical careers.
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First Horizon Bank offers a physician mortgage program designed for medical professionals who need flexible financing during career transitions, relocations, and home purchases in competitive markets. The program supports both early-career and established physicians, including those who do not fit traditional conventional lending guidelines.
First Horizon treats its physician loan as a core relationship product, allowing for higher loan limits, low down payment options, and fewer restrictions related to time out of training.
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Huntington Bank offers a physician mortgage program designed for licensed medical professionals seeking flexible financing for a primary residence. The program provides high loan limits, low down payment options, and does not require private mortgage insurance. It is intended for qualified doctors who can document sufficient income or provide an active employment contract.
The program supports both home purchases and refinances and is structured to accommodate physicians at different career stages, subject to credit and reserve requirements.
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Primis Mortgage Company is a subsidiary of Primis Bank, a Member FDIC institution. Its Doctor Loan is built for medical professionals who carry significant student debt but have strong earning potential — qualifying borrowers on expected income rather than current debt-to-income alone. The program offers up to 100% financing with no private mortgage insurance, making it a strong option for physicians who want low upfront costs early in their careers.
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Lenders
BMO Bank offers a physician and dentist mortgage program designed to support medical professionals through career transitions, relocations, and early practice years. The program is supported by loan officers who specialize in physician lending and have extensive experience working specifically with doctors and dentists.
BMO treats its physician loan as a core relationship product, allowing for flexible underwriting, high loan limits, and alternative income qualification for both W2 and select 1099 physicians.
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First Citizens Bank offers a physician mortgage program designed for medical professionals seeking flexible, high-balance financing with no private mortgage insurance. The program supports both early-career and established physicians and allows for alternative treatment of student loan debt, future employment income, and tiered down payment structures for higher loan amounts.
This program is built to accommodate doctors purchasing or refinancing primary or secondary homes, as well as those building new homes through construction-to-permanent financing.
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Fifth Third Bank offers flexible lending solutions for physicians and high-income professionals by evaluating each client’s full financial picture and tailoring loan options to fit their goals. The bank supports a wide range of purchase, refinance, and construction scenarios, making it a strong option for borrowers with complex income or property needs.
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First Citizens Bank offers a specialized Medical Mortgage program designed to support physicians and healthcare professionals through every stage of their careers. Through its partnership with White Coat Investor, First Citizens provides flexible underwriting, high loan limits, and low-down-payment options to help medical borrowers purchase or build their homes while preserving cash.
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Physician Mortgages in Tennessee: A Doctor's Research Guide
Nashville isn't just Music City — it's a national capital of the healthcare industry, home to HCA's headquarters and a deep bench of providers, while Vanderbilt University Medical Center, Memphis, Knoxville, and Chattanooga round out a state full of opportunity for doctors. With no state income tax on wages, Tennessee is an especially attractive place for physicians to put down roots and buy a home.
Dr. Home Finance is not a lender, broker, or mortgage advisor. We're a research and matching service that helps you understand your options and connects you with banks that run physician mortgage programs in Tennessee. The loan terms always come from those third-party lenders, subject to their own approval.
Get matched with a Tennessee physician-mortgage lender →
What makes a physician mortgage different
Physician programs ("doctor loans") are designed around the financial shape of a medical career. Compared with a conventional loan, the banks in our network commonly offer:
Low or no down payment, with some lenders financing up to 100% (varies by lender and degree)
No private mortgage insurance (PMI), even with less than 20% down
Student-loan-friendly underwriting, often using income-based payments rather than the full balance
Qualifying on a signed employment contract, before your first paycheck
The lenders shown above offer physician programs in Tennessee — compare all lenders or get matched.
What's different about buying in Tennessee
Nashville is a healthcare-industry hub — HCA is headquartered there, and Vanderbilt University Medical Center anchors world-class academic medicine. The market has boomed in recent years and stays competitive.
Memphis (Methodist Le Bonheur), Knoxville (UT Medical Center), and Chattanooga (Ballad Health serves the broader east-Tennessee region) offer additional medical hubs at generally lower price points than Nashville.
Tennessee has no state income tax on wages, which meaningfully boosts a physician's take-home pay — but remember to budget for property taxes and insurance, not just the loan itself. Use the mortgage calculator to model your full monthly payment.
Property taxes are relatively modest by national standards, adding to the state's affordability for doctors.
Because Nashville moves fast, a physician-program pre-approval can make your offer more competitive in popular neighborhoods.
Who qualifies in Tennessee
Most physician programs are open to MD, DO, DDS/DMD, and DPM — and some extend to DVM and other advanced degrees — at the resident, fellow, and attending stages. Eligibility and terms vary by lender. Learn how physician loans work and which degrees qualify.
How Dr. Home Finance helps Tennessee doctors
We give you the research to understand your options and match you with a banker whose physician program fits your situation — at no cost and no obligation. You can also contact a banker directly. We never lend and never steer you to a specific rate; we help you compare and connect. Start your match →
Tennessee physician mortgage FAQ
Do doctors get better mortgage rates in Tennessee?
Not automatically. The advantage is usually in the terms — no PMI, low or no down payment, and student-debt-friendly underwriting — more than a guaranteed lower rate. Rates vary by lender and profile, which is why comparing matters.
How do physician mortgage loans work?
A bank with a physician program lets eligible doctors finance a home with little or no money down and without PMI, often qualifying you on a signed contract and income-based student-loan payments. You're matched with a lender, get pre-approved, and shop with confidence.
Are physician loans 0% down in Tennessee?
Some lenders offer up to 100% financing for eligible physicians; others ask for a small down payment. It depends on the lender, your degree, and the loan amount.
Who qualifies for a physician mortgage in Tennessee?
Generally MD, DO, DDS/DMD, and DPM physicians — residents, fellows, and attendings — with some lenders including additional degrees. Each lender sets its own rules.
Can Tennessee residents and fellows buy before they start work?
Often, yes — many programs let you close using a signed employment contract shortly before your start date. Common for doctors relocating to Tennessee for residency or a new position at systems like Vanderbilt or HCA.
Compare Tennessee physician-mortgage lenders and get matched →
Where doctors buy in Tennessee
In Tennessee, physician buyers concentrate around Nashville, Memphis, and Knoxville, anchored by major academic and regional systems.
Nashville — home to Vanderbilt University Medical Center and HCA Healthcare's TriStar Health
Memphis — anchored by Methodist Le Bonheur Healthcare and the University of Tennessee Health Science Center
Knoxville — home to the University of Tennessee Medical Center
Home prices vary widely between Tennessee's major metros and its smaller communities, so a physician mortgage pre-approval helps you shop confidently in whichever market fits your role. Compare lenders that serve Tennessee →
Keep researching physician mortgages
Who qualifies — degrees, and residents vs. attendings
Student loans & how much house you can afford
The home‑buying process, step by step
Reviewed by Jessica Hegge, Partner at Dr. Home Finance · Our editorial process · Last reviewed July 2026. Dr. Home Finance is a research and matching service, not a lender or broker; all loan terms are provided by third-party lenders and subject to their approval. Equal Housing Opportunity.