If you’re a veterinarian, you wait longer than many of your college educated peers to earn a real salary and buy a home. Luckily, there’s something called a DVM Mortgage that can help you achieve your home ownership dreams faster.
A Veterinarian Mortgage is a unique product offered by select banks around the country. It provides more flexible home buying options, thanks to your degree.
With a DVM Mortgage, you can put as little as 0% to 10% down with no private mortgage insurance (PMI). You also receive more generous treatment of student loan debt and income history in underwriting, making it easier to qualify in many cases.
We’ll go over the top banks offering veterinarian mortgages and what you can do to apply.
1. What is a DVM mortgage and how does it help veterinarians? 2. 5 lenders that offer the DVM mortgage for veterinarians 3. Is a DVM mortgage loan right for you as a doctor of veterinary medicine?
What is a DVM mortgage and how does it help veterinarians?
Loans with such low-down payment options have specific eligibility criteria. Banks limit a DVM mortgage to veterinarians due to your lower risk of default and their desire to build a relationship with you for other financial needs you might have.
The DVM Mortgage is a subset of a broader loan product called “the physician mortgage.” This doctor home loan product has been expanded beyond the initial target of medical doctors into other professionals such as veterinarians.
Usually, a bank will require you to keep a bank account with them, but the minimum deposit is often a nominal amount.
In exchange, you can get approved to borrow more than the conventional mortgage limit, which is $647,200 in most parts of the country.
Additionally, a veterinarian mortgage shines when it comes to the down payment. Putting as little as 0% down allows you to use your savings towards other important goals, such as renovating your home, buying furniture or even paying down your student debt faster.
You can start the quote process with the form below or keep reading.
DVM Mortgage: Get Quotes
What mortgage product would you like a quote for?
Home Purchase Home Refinance
What is Your Occupation Status Currently?
SelectAttending PhysicianChiropractorCPA / CFADental SpecialistDental StudentDentistFellowLawyerMed StudentNurseNurse Anesthetist (CRNA)Nurse PractitionerPharmacistPhysical TherapistPhysician AssistantPodiatristOccupational TherapistOptometristResidentVeterinarianVet StudentOther
Are you currently working with a realtor?
Yes No
Are you a veteran?
Yes No NEXT
What most closely represents the price range of the house you’re searching for?
Select$0 to $200,000$200,001 to $400,000$400,001 to $600,000$600,001 to $800,000$800,001 to $1,000,000$1,000,001 to $1,500,000$1,500,001 to $2,000,000More than $2,000,000
What is your preferred down payment?
Select0% Down5% Down10% Down15% Down20% Down
What stage are you at in the home buying process?
How soon do you hope to secure a mortgage approval?
SelectNow1 to 3 months4 to 6 months7 to 12 monthsMore than 12 months
How many banks would you like quotes from?
Select123456 or more
Have you experienced any bankruptcies or short sales?
Yes No NEXT
Full Name
Phone Number
State where you want to purchase your home
SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Metro area where you would like to purchase your home
Citizenship status
US Citizen Permanent Resident Foreign Citizen
Communication preference
Phone calls OKNo phone calls, text onlyEmail only
Would you like to add any additional details?
Yes No GET MY QUOTES Sending request… Request sent. We’ll reach out by email with next steps
5 lenders that offer the DVM mortgage for veterinarians
The following lenders offer veterinarians DVM mortgage options in specific states across the nation. Note that a DVM mortgage is intended for doctors who plan to live in the house as a primary residence and is not intended for investment properties.
1. Northpointe Bank
Northpointe Bank allows veterinarians in all 50 states except New York to buy a home through their DVM veterinarian mortgage program.
With Northpointe, you can finance up to 100% of the purchase price, but you might put down slightly more in exchange for a better interest rate. Northpointe Bank has one of the broadest programs available for veterinarians looking to qualify.
States Available: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
2. First National Bank
As a major regional bank in the Mid-Atlantic, Southeast, and parts of the Midwest, First National Bank allows veterinarians in 11 states to take part in their DVM mortgage program.
States Available: SC, OH, PA, DE, MD, WV, TN, GA, NC, VA, FL
Email Josh Feldman or call him at 843-380-4180.
3. Fifth Third Bank
Fifth Third Bank has an even stronger presence in the Midwest while still offering veterinarians mortgage options in parts of the Southeast. They also have a significant practice finance operation, as Fifth Third recently purchased Provide.
Current or future practice owners would do well to include Fifth Third in your search. They also offer lower interest rates with slightly higher 5% or 10% down payments.
States Available: FL, IL, IN, KY, MI, OH, TN, WV, GA, NC, SC
Email Sandy Salas or call her at 708-564-3381.
4. Huntington Bank
With one of the most broadly available DVM home loan programs, Huntington Bank allows you to borrow up to $2 million. You can also get up to 100% financing when borrowing up to $1 million.
States Available: AR, CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY
Email Bill Kekatos NMLS# 216590 or call him at 847-443-5978.
5. U.S. Bank
U.S. Bank’s Doctor of Veterinary Medicine mortgage program is somewhat limited compared to the other options, but it could be a great choice if you fall within their ideal range.
This mortgage is most competitive in the $700,000 to $1 million purchase price range with a 10% down payment.
States Available: AL, AK, AZ, CA, CO, ID, IL, MA, MT, MI, MN, MS, NE, NV, ND, NM, OK, OR, RI, SD, TX, UT, WA, WY, WI
Email Jonathan Brozek or call him at 916-602-4080 to learn more.
Is a DVM mortgage loan right for you as a doctor of veterinary medicine?
A veterinarian mortgage can get you into your dream home faster. The interest rate tends to be comparable with what you would get with a conventional home loan, but you can borrow far more with a DVM mortgage with better, more flexible terms.
Most veterinarians with student loans should consider a DVM mortgage simply because it lets you deduct mortgage interest if you itemize, while student loan interest is generally not tax deductible.
Additionally, the lower down payment is a great benefit — you might have a hard time getting financing to redo your kitchen or master bathroom if you use all your savings for the down payment.
You’ve sacrificed years of your life to become a veterinarian. Having a mortgage exclusively designed for you can be a responsible way to become a homeowner more quickly than you would have been able to otherwise.
Of course, recognize that the primary financial decision you should be thinking about when buying a home is the purchase price. The down payment you contribute matters much less than if the housing payment will be affordable, as the banks will approve you for far more than you should probably spend.
Get started with your DVM Mortgage quote process with the form below.
DVM Mortgage: Get Quotes
What mortgage product would you like a quote for?
Home Purchase Home Refinance
What is Your Occupation Status Currently?
SelectAttending PhysicianChiropractorCPA / CFADental SpecialistDental StudentDentistFellowLawyerMed StudentNurseNurse Anesthetist (CRNA)Nurse PractitionerPharmacistPhysical TherapistPhysician AssistantPodiatristOccupational TherapistOptometristResidentVeterinarianVet StudentOther
Are you currently working with a realtor?
Yes No
Are you a veteran?
Yes No NEXT
What most closely represents the price range of the house you’re searching for?
Select$0 to $200,000$200,001 to $400,000$400,001 to $600,000$600,001 to $800,000$800,001 to $1,000,000$1,000,001 to $1,500,000$1,500,001 to $2,000,000More than $2,000,000
What is your preferred down payment?
Select0% Down5% Down10% Down15% Down20% Down
What stage are you at in the home buying process?
How soon do you hope to secure a mortgage approval?
SelectNow1 to 3 months4 to 6 months7 to 12 monthsMore than 12 months
How many banks would you like quotes from?
Select123456 or more
Have you experienced any bankruptcies or short sales?
Yes No NEXT
Full Name
Phone Number
State where you want to purchase your home
SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaPuerto RicoRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming
Metro area where you would like to purchase your home
Citizenship status
US Citizen Permanent Resident Foreign Citizen
Communication preference
Phone calls OKNo phone calls, text onlyEmail only
Would you like to add any additional details?
Yes No GET MY QUOTES Sending request… Request sent. We’ll reach out by email with next steps Refinance student loans, get a bonus in 2023 1 Disclosures $1,050 BONUS1 For 100k+. $300 bonus for 50k to 99k.1 VISIT LAUREL ROAD Variable 3.99-6.80%1 Fixed 4.49-6.80%1 
2 Disclosures $1,000 BONUS2 For 100k+. $300 bonus for 50k to 99k.2 VISIT SPLASH Variable 3.99-9.24%2 Fixed 4.39-9.24%2 
3 Disclosures $1,000 BONUS3 For $100k or more. $200 for $50k to $99,9993 VISIT SOFI Variable 4.49-8.99%3 Fixed 4.49-8.99%3 
4 Disclosures $1,000 BONUS4 For 100k or more. $200 for 50k to $99,9994 VISIT EARNEST Variable 4.09-8.29%4 Fixed 4.39-8.99%4 
6 Disclosures $1,275 BONUS6 For 150k+. Tiered 300 to 575 bonus for 50k to 149k.6 VISIT ELFI Variable 3.99-7.24%6 Fixed 4.83-7.64%6 
7 Disclosures $1,250 BONUS7 For $100k or more. $100 to $350 for $5k to $99,9997 VISIT LENDKEY Variable 1.90-5.25%7 Fixed 2.49-7.75%7 
8 Disclosures $1,250 BONUS8 $350 for 50k to 100k8 VISIT CREDIBLE Variable 3.27-11.67%8 Fixed 3.94-11.87%8 Not sure what to do with your student loans?
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