Mayo Clinic Scottsdale — Physician Loan Guide
By Mike Certo, Cornerstone First Mortgage · NMLS #260555 ·
The 60-second answer for Mayo Scottsdale physicians
If you're a physician at Mayo Clinic Scottsdale — attending, resident, fellow, or eligible clinical staff — you can buy a home in Arizona with Up to 100% LTV at $1.5M with 680+ FICO; 100% LTV at $2M with 720+ FICO; 95% LTV at $2M with 680+ FICO; no PMI at any LTV, no PMI, through the Redwood Sequoia Medical Professionals Program.
Mayo Scottsdale operates as part of Mayo Clinic Arizona alongside Mayo Phoenix, but the geographic gravity is different — Mayo Scottsdale physicians typically cluster in south + central Scottsdale, Paradise Valley, and Arcadia rather than the Desert Ridge / north Phoenix area that Mayo Phoenix attracts.
Mayo Clinic Scottsdale at a glance
Mayo Clinic Scottsdale is located at 13400 E Shea Blvd, Scottsdale — east Scottsdale near Loop 101. Adjacent to the larger Mayo Clinic Hospital, Phoenix (which is on the north Phoenix campus). Both facilities operate as one integrated medical system but have distinct daily geographic communities of physicians.
For Mayo Scottsdale physicians specifically:
- The Shea Blvd location draws Scottsdale + south PV + east Phoenix commute gravity
- Mayo Scottsdale's specialty mix tends to lean specialty practice (rheumatology, gastroenterology, hematology/oncology, etc.) vs Mayo Phoenix's broader hospitalist + emergency + surgery mix
- The Mayo Cancer Center is co-located here
Mayo Scottsdale physician compensation patterns
Income structure mirrors Mayo Phoenix (see Mayo Clinic Phoenix page for full breakdown). Key differences:
- Specialty mix at Mayo Scottsdale skews to higher-paying specialty practices in some cases
- Many Mayo Scottsdale attendings have dual appointments with Mayo Phoenix
- Sign-on bonuses and recruitment incentives apply similarly
Typical Mayo Scottsdale attending compensation:
- Internal medicine specialty (rheum, GI, heme/onc, cards, etc.): $340K-$680K
- Surgery specialty: $450K-$900K
- Radiology / Pathology: $440K-$620K
- Primary care (less common at Scottsdale than Phoenix): $280K-$340K
Residency + fellowship programs at Mayo Scottsdale
Mayo Scottsdale hosts portions of Mayo Clinic Arizona's GME programs. Many fellowships rotate between Phoenix and Scottsdale campuses. Specific fellowship locations:
- Internal medicine subspecialty fellowships often Scottsdale-based
- Some surgical fellowships
- Hematology/oncology fellowship presence
- Specialty fellowships in fields with Mayo Scottsdale clinical concentration
For Mayo Scottsdale residents/fellows transitioning to attending — whether the attending position stays at Mayo, goes to another AZ system, or out-of-state — the physician loan applies if you hold an eligible degree and have a signed attending contractwithin 150 days of start (varies by program).
Full residents + fellows page →
Where Mayo Scottsdale physicians actually buy
Different geographic pattern from Mayo Phoenix:
South + Central Scottsdale (Old Town, Gainey Ranch, McCormick Ranch)
Median home price: $700K-$2.5M+ Commute to Mayo Scottsdale: 10-20 minutes Best for: Mid-career + senior Mayo Scottsdale physicians who want walkable urban Scottsdale character
North Scottsdale (DC Ranch, Troon, McDowell Mountain Ranch, Silverleaf)
Median home price: $1.2M-$5M+ Commute: 15-25 minutes Best for: Established Mayo Scottsdale attendings + specialty physicians at higher income tiers
Paradise Valley
Median home price: $1.8M-$8M+ Commute: 15-25 minutes Best for: Senior Mayo Scottsdale physicians; Mayo's signature luxury enclave choice
Arcadia
Median home price: $1.2M-$3M+ Commute: 15-20 minutes Best for: Mayo Scottsdale physicians wanting Old Phoenix character + mature trees
Phoenix Camelback Corridor / Biltmore area
Median home price: $850K-$2M+ Commute: 20-25 minutes Best for: Younger Mayo Scottsdale physicians wanting urban walkability + dining
Common Mayo Scottsdale scenarios
Scenario 1: Mayo Scottsdale rheumatology fellow → Mayo Scottsdale attending
- Current: 2nd-year rheumatology fellow at Mayo Scottsdale, $82K
- Attending offer: Mayo Scottsdale rheumatology attending, $410K, starting September
- Wants: $1.4M home in Paradise Valley or south Scottsdale
- Outcome: 100% LTV physician loan; close late July, family settles before September start
Scenario 2: Mid-career Mayo Scottsdale GI attending → PV upgrade
- Current: 8 years Mayo Scottsdale GI, $540K
- Wants: $2.6M home in Paradise Valley
- Outcome: 5% down ($130K from sale + savings), $2M loan at program max, no PMI
Scenario 3: Mayo Scottsdale oncology attending with concierge ambitions
- Current: Mayo Scottsdale hem/onc, considering private concierge practice
- Need: Home + practice acquisition financing concurrently
- Outcome: Physician loan for home, separate practice loan path through Cornerstone
Mayo Scottsdale-specific considerations
W-2 Mayo Foundation employment
Same as Mayo Phoenix — clean W-2 income for qualifying purposes.
Dual Phoenix-Scottsdale appointments
Some Mayo physicians work at both campuses. From the lender's perspective, this is one Mayo Clinic Arizona employer — no complexity.
Sabbatical + academic time
Same considerations as Mayo Phoenix. Plan for any 12-month-out leave at pre-approval.
Mayo Scottsdale relocation benefits
Mayo's relocation support for new attendings can include moving expense reimbursement, temporary housing allowance, and sign-on bonuses. These work alongside (not instead of) physician loan benefits.
Frequently asked questions
My attending offer is from Mayo Scottsdale but I'd rather live near Mayo Phoenix. Does that work?
Geographic home choice is yours. The lender only cares about the contract (Mayo Scottsdale attending position) and the home location (anywhere in AZ as primary residence). North Phoenix → Mayo Scottsdale commute is 25-35 minutes; some attendings prefer that for school district or family reasons. {#faq-live-other-mayo-area}
What's the difference in compensation between Mayo Phoenix and Mayo Scottsdale?
Compensation framework is identical (same Mayo Foundation employer). Specialty mix differs slightly — Mayo Scottsdale leans into some higher-paying specialty practices. For physician loan qualifying purposes, no functional difference. {#faq-comp-difference}
What about Mayo Clinic in Rochester or Florida — does my Mayo Rochester contract qualify?
The Redwood Sequoia program works for any US attending contract — your Mayo Rochester or Mayo Florida contract qualifies the same as a Mayo Arizona contract, as long as you're buying a primary residence in the US. If you're buying in Arizona specifically (relocating from out-of-state Mayo to AZ), this site's content applies. {#faq-mayo-other-states}
My fellowship is at Mayo Scottsdale but my attending offer is HonorHealth. Does that work?
Yes. The qualifying income is the HonorHealth attending contract, not your current Mayo fellow salary. The Mayo training is documented but the attending employment is what underwriting uses. {#faq-mayo-to-honorhealth}
Talk to Mike about your Mayo Scottsdale scenario
Free 30-minute call. Bring your situation — current role, attending contract status, target AZ neighborhood, timeline.
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(480) 296-6513 · Mike Certo, NMLS #260555 · Cornerstone First Mortgage NMLS #173855
Sources
- Redwood Residential Acquisition Corporation — Sequoia Medical Professionals Program Eligibility Guide v1.1 (effective March 2, 2026)
- Mayo Clinic Arizona — Locations
Mike Certo NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Mike is not affiliated with Mayo Clinic. Educational content, not a loan commitment. Loans subject to buyer and property qualification.