Mortgages for healthcare professionals.
Residency, fellowship, a first attending contract, shift premiums, deferred student debt. Healthcare income does not look like a salary on paper, and the lender you go to decides whether that counts against you.
Mortgage solutions built for healthcare professionals.
Physicians, nurses, specialists, and hospital staff have unique financial situations. Irregular income during residency, student debt, relocation between hospitals - standard mortgage advice doesn't always fit.
Craig works with lenders who offer physician-specific programs, including higher debt service ratios, reduced documentation requirements, and tailored pre-approval strategies for healthcare professionals at every stage of their career.
Healthcare financing, answered.
Can a medical resident get a mortgage in Canada?
Often, yes. Some Canadian lenders will qualify a resident or fellow on a signed employment offer or a letter of employment rather than on current training income, so you do not need to be earning attending money to be approved. Which lender, what documents, and how far ahead of your start date you can go all vary, which is why this kind of file needs to be placed deliberately rather than sent to whoever is cheapest that week.
Do doctors get special mortgage rates in Canada?
Not really, and anyone promising you a special physician rate is overselling it. What actually changes is qualification. Certain lenders apply higher debt service limits to physicians and accept income verification that reflects how medical careers are really paid. In practice that affects how much you can borrow far more than a few basis points on the rate ever would.
Does student debt stop a doctor from getting a mortgage?
Not on its own. Some lenders exclude deferred student loans from your ratios entirely, others include a calculated payment even while the loan is deferred. So the same file can qualify for very different amounts depending on where it goes. Professional student debt is normal in these applications and gets handled routinely.
How is a nurse's shift premium and overtime treated on a mortgage application?
It depends entirely on the lender. Shift differentials, overtime and contract positions get averaged down or thrown out by lenders that do not understand healthcare pay, which quietly lowers the income they will use. Lenders that do understand it will count that income properly when it is consistent and documented. Getting this right is usually worth more than shopping the rate.
Can I get a mortgage before I finish residency?
Frequently, yes. There are pre-approval approaches that work off an offer letter or LOE ahead of a move for a fellowship or a first attending role. What is possible depends on your start date, your contract and where you are buying, so it is worth a conversation before you write an offer rather than after.