Utah Physician Loan Down Payment and Mortgage Insurance
Utah physician loan down payment depends on the lender option and the borrower’s full file. UWM’s public Doctor Loan summaries list up to 100% loan-to-value (LTV) for Teal and Silver and up to 97% LTV for Pink. Those are program ceilings, not promises that every borrower, loan amount or property qualifies. Closing costs, prepaid items and any required reserves are separate from the down payment.
Compare this guide with Utah physician mortgage loans and the full Utah physician loan requirements FAQ. For a home anywhere in the state, see the Utah physician mortgage city and county directory.
Quick answer: how much down payment does a Utah physician loan require?
Some eligible borrowers may qualify for 100% financing under a published Doctor Loan option, while other options may require a down payment. The right amount depends on the specific program, loan size, credit, occupancy, property and underwriting conditions. Ask for the current matrix before using a maximum LTV to set your budget.
Published physician loan LTV limits
| Published option | Maximum LTV shown | What that may mean |
|---|---|---|
| Teal | Up to 100% | May allow no down payment for an eligible primary-home scenario. |
| Pink | Up to 97% | At the maximum LTV, at least 3% down is needed, before closing costs. |
| Silver | Up to 100% | May allow no down payment for an eligible primary-home scenario. |
These published limits do not show every loan-size tier or every restriction. The minimum credit scores, maximum loan amounts, eligible professions and occupancy rules differ by option. A maximum LTV should not be read as a guarantee that the maximum loan amount and minimum score can be combined.
Example: estimate the down payment at 97% LTV
Illustration only: On a $600,000 purchase, 97% financing equals a $582,000 loan and an $18,000 down payment. The buyer would still need to plan for closing costs, prepaid taxes and insurance, and any reserves the lender requires. Actual cash to close depends on the final transaction and lender approval.
Does a physician mortgage require mortgage insurance?
UWM’s public summaries for Teal, Pink and Silver state that mortgage insurance is not required. Confirm that the specific loan option and final approval match the summary. No mortgage insurance does not mean no closing costs, no reserves, or no cost for the loan. Compare the rate, APR, points, lender fees and total cash needed with conventional financing.
Can a physician buy a Utah home with no money down?
Possibly, if the borrower qualifies for an option that permits 100% LTV and meets all rules for the profession, credit, loan amount, occupancy, property and underwriting. “Zero down” refers to the down-payment portion; it does not automatically cover closing costs, prepaid expenses or reserves. Ask whether allowable credits or gift funds can be used, and get the answer for your specific transaction.
Questions to ask before choosing a down payment
- What LTV applies at my exact loan amount and credit score?
- Does the program permit my profession, property type and occupancy?
- How much cash is required for closing costs, prepaids and reserves?
- What rate, APR, points and fees apply at each down-payment level?
- Would a conventional loan have a lower total cost for my scenario?
Utah physician loan down payment FAQ
Does 100% LTV mean I need no cash to close?
No. It may mean no down payment is required for an eligible file. Closing costs, prepaids and reserves can still require cash.
Can a second home use the 100% LTV option?
UWM’s public summaries list Teal and Silver for primary homes only. Pink lists primary and second homes but shows a maximum 97% LTV. Confirm current eligibility and pricing for the property.
Where can I get a current quote?
Share your profession, purchase price, property location, occupancy, target loan amount, available funds and credit profile. Request a mortgage review or call Daniel Paris at 801-604-4949.
Sources: UWM Doctor Loan public product summaries and Doctor Loans Expanded. Public program details can change and may omit overlays. Confirm current written guidelines before relying on a limit. Reviewed October 25, 2026 by Daniel Paris, Utah mortgage broker, NMLS #243976. This page is educational, not a commitment to lend.
