Homedirect loanDNP Mortgage: Financing for Nurse Practitioners (0% to 10% Down)

DNP Mortgage: Financing for Nurse Practitioners (0% to 10% Down)


Key Takeaways:

  • Nurse practitioner mortgage loans offer 0% to 10% down payment options with no private mortgage insurance requirement.
  • Most DNP mortgage underwriting guidelines will modify or exclude student loan payments from your debt-to-income ratio (DTI) calculation.
  • Many physician mortgage programs haven’t expanded to include nurse practitioners, but there are a handful that include the nursing profession.

Advanced training and education comes at a cost for nurse practitioners — both in terms of racking up DNP student debt and hitting the pause button on many personal goals, such as owning a home. But the importance and reliability of your DNP degree is gaining traction in the banking world. Some lenders now offer nurse practitioner mortgage loans to help make homeownership a reality for many in the nursing field.

Nurse practitioner mortgage loans offer a low down payment solution for early-career nurse practitioners. They also come with more relaxed underwriting criteria, making it easier to qualify for than a conventional loan. Read on to learn about how you can benefit from a DNP mortgage and where to find one.

What are nurse practitioner mortgage loans?

A nurse practitioner mortgage loan, or DNP mortgage for short, is a specialty home loan program that provides down payment options that are as low as $0. Unlike a conventional mortgage that generally requires a 20% down payment, DNP mortgages don’t require private mortgage insurance (PMI) regardless of your chosen down payment.

Nurse practitioner mortgage loans usually fall within a broader category called a physician mortgage program. But depending on the lender, it might be classified as a professional home loan. Nurse anesthetists and registered nurses may or may not be considered a qualifying profession.

Here are some of the perks that might come with a DNP mortgage:

  • Low down payment options, ranging from 0% to 10% down.
  • No PMI, potentially saving you thousands of dollars each year.
  • Higher loan limits than a conventional loan (e.g. $647,200 in most parts of the country)
  • Modified treatment of student loan balances when calculating your DTI ratio.
  • More lenient income requirements, including the ability to close on a home before starting a new position (requires a valid employment contract).

These physician mortgage programs used to be exclusive to just medical doctors and dentists. But over time, lenders have cast a wider net to include other high-income, high-student debt professions.

So while your options might be limited now, hopefully, banks will continue to grow their programs and include more professions within the nursing field with time.

Get Quotes for Your Doctor Mortgage

What mortgage product would you like a quote for?

Step 1: Job

Step 2: Home

Step 3: Your Info

What is Your Occupation Status Currently?


What most closely represents the price range of the house you’re searching for?

What is your preferred down payment?

What stage are you at in the home buying process?

How soon do you hope to secure a mortgage approval?

How many banks would you like quotes from?

Have you experienced any bankruptcies or short sales?