How Physician Mortgage Pricing Works in Arizona
Program figures verified July 2026, details change; confirm your scenario with us.
Mortgage pricing changes daily and depends on file-specific factors. We don't publish rates on this site, instead, here's how physician loan pricing is actually determined.
What drives physician loan pricing
- LTV tier: 100% LTV at $1.5M with 680+ FICO; 100% LTV at $2M with 720+ FICO; 95% LTV at $2M with 680+ FICO. Each tier prices differently.
- FICO band: Higher FICO typically receives better pricing within each tier.
- Loan amount: Conforming, high-balance, jumbo, and super-jumbo all price differently.
- Occupancy: Primary residence only (this program). No second homes or investment property.
- Loan type: Fixed vs ARM, term length, and amortization structure all impact pricing.
- Market conditions: Treasury yields, MBS spreads, and lender cost-of-funds change daily.
How to get a current quote
Request a current Loan Estimate from Mike. We discuss your scenario in a 20-minute call, then issue a written Loan Estimate with current pricing tied to your specific file. The Loan Estimate is the official document that shows rate, annual cost, monthly payment, and closing costs.
Comparison shopping is encouraged. Compare Loan Estimates issued same-day to make sure you're comparing equivalent pricing scenarios.
Get a Loan Estimate
Call (480) 296-6513 or email mcerto@cfmtg.com.
How student-loan debt is actually counted
The reason a physician program exists is deferred student debt, and the agency treatment is in Fannie Mae B3-6-05, which governs how a deferred or income-driven payment enters the debt ratio. Physician programs are portfolio products rather than agency loans, so they set their own treatment — commonly excluding deferred student debt outright — but the agency rule is the benchmark every program is measured against, and it is what a conventional alternative would apply. The Consumer Financial Protection Bureau covers the borrower side. In Arizona: licensure is verified through the state and the relevant board, and a signed employment contract with a start date is usually enough to qualify before the first payslip.