Quick answer: Utah physicians and other eligible healthcare professionals may be able to compare three doctor-loan options—Teal, Pink, and Silver. Published differences include minimum credit score, maximum loan-to-value (LTV), loan amount, occupancy, eligible professions, and student-loan treatment. The maximum terms do not necessarily combine, and lender underwriting determines eligibility.

Compare physician loan options in Utah

This table summarizes UWM’s publicly listed Doctor Loan features. Confirm the current product matrix, property eligibility, pricing, and required funds for your application.

Feature	Teal	Pink	Silver
Minimum FICO	680	700	700
Maximum LTV	Up to 100%	Up to 97%	Up to 100%
Maximum loan amount	Up to $2 million	Up to $3 million	Up to $2 million
Occupancy	Primary residence	Primary or second home	Primary residence
Mortgage insurance	No MI required	No MI required	No MI required
Student-loan feature	More lenient calculations; certain deferred or forborne payments may be excluded for residents or fellows	Confirm current guidelines	Confirm current guidelines

Important: “Up to” describes a published maximum, not a promise of approval or a statement that every maximum can be combined. A 100% LTV may allow no down payment for an eligible scenario, but closing costs, reserves, credit, income, property, and other rules still apply.

What is the Teal physician loan?

Teal is published for eligible borrowers with a minimum 680 FICO, loan amounts up to $2 million, and up to 100% financing on a primary residence. UWM lists purchase and rate-and-term refinance transactions and 15- or 30-year fixed terms and 5/6, 7/6, or 10/6 adjustable-rate mortgages. Its summary describes more lenient student-loan calculations; payments in deferment or forbearance may be excluded for borrowers in residency or fellowship. That treatment is conditional, so ask how your specific student loans will be counted.

What is the Pink physician loan?

Pink is published with a minimum 700 FICO, maximum 97% LTV, loan amounts up to $3 million, and primary- or second-home occupancy. UWM lists no mortgage insurance and up to 50% debt-to-income (DTI). Its eligible-profession list is broader than Teal’s and includes physician assistants, registered nurses, nurse practitioners, clinical nurse specialists, chiropractors, optometrists, and CRNAs, along with several doctorates. Verify your exact designation and current terms.

What is the Silver physician loan?

Silver is published with a minimum 700 FICO, up to 100% LTV, loan amounts up to $2 million, and primary-residence occupancy. UWM lists no mortgage insurance and up to 50% DTI. Its eligible professions include MDs, DOs, dentists, pharmacists, veterinarians, podiatrists, optometrists, physician assistants, nurse practitioners, and CRNAs with a DNAP or DNP. Confirm the complete list and program details before relying on a headline maximum.

Who may qualify for Teal, Pink, or Silver?

At least one borrower must meet a professional designation listed for the selected option. Depending on the option, the published lists include medical doctors, doctors of osteopathy, dentists, ophthalmologists, psychiatrists, pharmacists, veterinarians, podiatrists, optometrists, physician assistants, nurses, nurse practitioners, clinical nurse specialists, chiropractors, and certified registered nurse anesthetists. Residents, fellows, or interns may qualify when they hold a listed degree. The lists differ by product; a designation appearing under one option does not mean it qualifies under all three.

Utah physician loan FAQs

Can a doctor buy a home with no down payment?

Teal and Silver list up to 100% LTV, so zero down may be possible for a qualifying borrower and property. Pink lists up to 97% LTV. Minimum cash to close can also include closing costs and any required reserves. Final terms depend on underwriting.

Do physician loans require mortgage insurance?

UWM’s public summaries list no mortgage insurance for Teal, Pink, and Silver. Ask for the complete written loan estimate and confirm all fees and conditions.

Can I use a physician loan for a second home?

Pink lists primary and second homes. Teal and Silver list primary residences only in the published summaries.

Can residents or fellows apply?

The published lists include residents, fellows, or interns with one of the listed degrees. Eligibility also depends on employment, income, occupancy, credit, debt, property, and current underwriting rules.

How are student loans treated?

Teal’s public summary describes more lenient student-loan calculations and says payments in deferment or forbearance may be excluded for residents or fellows. This is not automatic for every file. Get a scenario-specific review of each loan payment and the documents needed.

Are refinance options available?

UWM’s expanded public summary lists purchase and rate-and-term refinance for Teal. It does not describe refinance availability for Pink and Silver in the same summary. Confirm current transaction eligibility directly with the lender and broker.

How do I choose between Teal, Pink, and Silver?

Compare your professional designation, credit, target loan amount, property use, down payment, student debt, DTI, and preferred loan term. Request a written comparison showing rate, APR, points, fees, cash to close, reserves, and any conditions for each eligible option.

Request a Utah physician mortgage review

Daniel Paris helps Utah homebuyers compare mortgage options. Return to the Utah Physician Mortgage Loans guide for the main overview, or request a mortgage review.

Source: UWM Doctor Loans Expanded. Program names and published features are for education and can change. They are not a commitment to lend. Final eligibility, loan terms, and pricing depend on current lender guidelines, property review, underwriting, and borrower approval.

Last reviewed: October 24, 2026 · Daniel Paris, Utah mortgage broker · NMLS #243976