Updated · Mike Certo, NMLS #260555
Mayo Clinic Arizona Physician Loan (Phoenix + Scottsdale)
Mayo Clinic Arizona — Phoenix and Scottsdale campuses combined — employs hundreds of residents, fellows, and attending physicians. Mike Certo helps Mayo medical professionals across both campuses navigate the Redwood Sequoia Medical Professionals program for primary residence financing.
Mayo Arizona campuses
Mayo Clinic Arizona operates two main campuses serving distinct purposes:
- Mayo Clinic Phoenix — research, education, and tertiary specialty care. Located in north Phoenix near Loop 101.
- Mayo Clinic Scottsdale — flagship outpatient and surgical center. Located in east Scottsdale.
See campus-specific pages:
Redwood Sequoia program fit for Mayo physicians
The Redwood Sequoia Medical Professionals program fits Mayo residents, fellows, and attending physicians in eligible credentials. Canonical specs:
- 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
Mayo residency and fellowship timing
Mayo Arizona residency and fellowship programs typically start in late June or early July. Under the 150-day pre-start rule, you can close on a primary residence as early as February-March for a July start. See 150-day pre-start guide.
Common housing areas for Mayo physicians
Mayo Phoenix campus housing areas
- Desert Ridge / North Phoenix: Close to campus, family-friendly
- Cave Creek / North Scottsdale: 15-20 minute commute, larger lots
- Scottsdale 85254/85258: Established neighborhoods, good schools
- Paradise Valley: Luxury market for established attendings
Mayo Scottsdale campus housing areas
- East Scottsdale 85258/85260: Close to campus
- Fountain Hills: 15-20 minute commute, golf community
- North Scottsdale: 10-15 minute commute
- Tempe: Younger demographic, more urban
Mayo contract and credentialing timing
Mayo contracts typically include:
- Specific start date
- Compensation structure
- Benefits
- Possibly contingencies (board certification, state licensing, credentialing)
For mortgage qualifying, we use the signed contract. If your contract has contingencies (board cert, state license), some underwriters may pause until contingencies clear. Talk to Mike about your specific contract before shopping.
Next step
20-minute call. Bring credential, current Mayo position (resident/fellow/attending), target campus, target purchase area, target purchase price.
Related
FAQ
Does Mike work with both Mayo Phoenix and Mayo Scottsdale?
Yes — Mike works with Mayo medical professionals at both campuses across all eligible credentials.
Can I close before my Mayo residency starts?
Yes — up to 150 days before residency start date with signed offer letter. Income qualifying uses projected resident income.
What's the closing timeline from offer to keys?
Typically 30-45 days from accepted offer to closing. Pre-approval should be done 30-45 days before you start shopping.
Are Mayo residents eligible for 100% LTV?
Yes, with 680+ FICO. 100% LTV at $1.5M is available. 100% LTV at $2M requires 720+ FICO. No PMI at any LTV.