Salt Lake City is home to two of the most respected health systems in the Mountain West — and together they employ a physician community of extraordinary size and depth. University of Utah Health is the Mountain West’s only academic health system, with 5 hospitals, 12 community clinics, and more than 1,500 board-certified physicians covering 87 specialties, serving patients across Utah, Idaho, Wyoming, Montana, and Nevada. Intermountain Health, headquartered in Salt Lake City, is one of the nation’s most recognized nonprofit health systems and a major employer of physicians across the Wasatch Front.
Physicians who come to Salt Lake City to train or practice arrive in a city that rewards them: world-class outdoor access, a growing tech economy, strong schools, and neighborhoods like The Avenues and East Bench that offer a quality of life that is genuinely difficult to replicate elsewhere.
I specialize in Physician Mortgage programs designed around how doctors actually earn, borrow, and build financial security — minimal down payment, no PMI, and underwriting that sees the full career ahead rather than penalizing the student loan balance behind.
I specialize in Physician Mortgage programs designed specifically for the way doctors earn, borrow, and build wealth. Whether you’re starting a residency at Banner University, joining a practice near Oro Valley Hospital, or relocating to a faculty role at the U of A, I can help you purchase a home — with minimal down payment, no PMI, and underwriting that sees past your student loan balance to the earning potential ahead.
A Physician Mortgage — also called a Doctor Loan — is a specialized home loan program built for licensed medical professionals. Unlike conventional loans, Physician Mortgages are structured around the distinct financial reality of a medical career: significant student loan debt, limited income during training, and strong long-term earning potential that doesn’t always translate clearly to a standard mortgage application.
In Salt Lake City, where two major health systems anchor a physician community that spans every specialty and career stage, Physician Mortgage programs are an ideal tool for purchasing in The Avenues near University of Utah Health, in East Bench for established attendings, or in family-friendly neighborhoods throughout the city.
Key Features:
0–5% down payment options (no PMI required)
Student loan debt treated favorably in DTI calculations
Offer letter or employment contract accepted — no pay stubs required for new attendings
Available for MDs, DOs, DDS, DMDs, residents, and fellows
Loan amounts that accommodate Salt Lake City's Jumbo-level luxury market
Primary residences throughout Salt Lake City and Salt Lake County
Designed for physicians in training at University of Utah Health and affiliated residency programs
Offer letter or signed contract accepted in lieu of income history
0–5% down with no PMI
Student loan debt excluded or income-based calculation used
Available from the first day of your program
Designed for physicians entering practice or joining University of Utah Health or Intermountain Health
Strong income assumptions based on specialty and employment agreement
Competitive rates with Jumbo-level loan amounts available
Flexible documentation for physicians transitioning between training and practice
For practicing MDs, DOs, and dental professionals with established income
Loan amounts up to $2M+ for East Bench and luxury Avenues purchases
Portfolio and asset-based options for physicians with complex income structures
The Avenues — Walking distance to University of Utah Health's main campus on Mario Capecchi Drive, with historic architecture, City Creek Canyon trail access, and a community character that attracts physicians and academics who want a walkable, intellectually vibrant neighborhood. Median single-family prices above $1.1M — Physician Jumbo programs are the right tool here.
University / Foothill — Immediately adjacent to the University of Utah campus and Health Sciences campus. Popular with residents and fellows who want to minimize commute time and live within the university community. A range of price points accessible for physicians at every career stage.
East Bench — For established physicians and subspecialists who want Salt Lake City's finest addresses — canyon-adjacent estates, panoramic mountain and valley views, and the kind of space and privacy that reflects a career of significant achievement. Most East Bench transactions require Jumbo or Super-Jumbo financing.
Federal Heights — An established neighborhood favored by University of Utah faculty and senior physicians for its proximity to campus, larger lots, mature landscaping, and quiet residential character. Properties regularly exceed $1M.
Sugar House — A popular choice for younger physicians and residents who want walkability, parks, and urban character at more accessible price points. Strong long-term appreciation and easy access to I-80 make Sugar House a practical and smart choice.
Canyon Rim — Established east-side neighborhood backing Parleys Historic Nature Park. Excellent school access, mountain views, and a peaceful setting popular with physicians who have families and want space without leaving the city.
Deep understanding of the financial profile of University of Utah Health and Intermountain physicians at every career stage
Programs available from residency through established attending — including subspecialty and academic medicine
Access to Jumbo-level Physician Mortgage programs for East Bench and The Avenues
Responsive, personal service designed for busy medical professionals
20+ years of experience — NMLS #235295
Licensed Medical Degree Required — Programs are available for MDs, DOs, DDS, DMDs, and in some cases other licensed medical professionals.
Current or Incoming Salt Lake City Employment — A signed offer letter or employment contract from University of Utah Health, Intermountain Health, or any affiliated practice is sufficient to qualify. You do not need to have started working yet.
Primary Residence Only — Physician Mortgage programs are designed for the home you will live in.
Student Loan Flexibility — Deferred loans may be excluded entirely, or an income-based repayment calculation applied — significantly improving your qualifying debt-to-income ratio.
Initial Consultation — Discuss your training or employment status, income expectations, and target Salt Lake City neighborhoods.
Program Matching — I identify the right Physician Mortgage program for your career stage and property goals.
Pre-Approval — Get pre-approved using your offer letter, employment contract, or current income.
Property & Underwriting — Find your Salt Lake City home and move through physician-friendly underwriting.
Close & Move In — Complete your purchase with a smooth, efficient closing.
Most programs are available for MDs, DOs, DDS, and DMDs. Some extend to pharmacists, podiatrists, and optometrists. University of Utah Health residents and fellows are eligible — often from day one.
Yes. Most programs accept a signed offer letter or residency agreement in lieu of pay stubs. You can close on your Salt Lake City home before your first day of work.
No. Most programs allow 0-5% down without PMI — preserving cash for other priorities while purchasing in competitive neighborhoods like The Avenues or East Bench.
Yes. Many programs accommodate loan amounts above $806,500 — making them suitable for The Avenues, Federal Heights, and East Bench properties where home values regularly exceed the conforming limit.
You’ve invested years in your medical career. Let’s make sure your mortgage works just as hard for you.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
Who we are
Our website address is: https://loansbylehrman.com/
Embedded content from other websites
Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website.
These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.
SMS Privacy
I respect your privacy. I will not share or use your mobile number for any other purpose. I will only use information you provide to transmit text messages. Nonetheless, I reserve the right at all times to disclose any information as necessary to satisfy any law, regulation or governmental request, to avoid liability, or to protect my rights or property. When you complete forms online or otherwise provide me information in connection with the Service, you agree to provide accurate, complete and true information. You agree not to use a false or misleading name or a name that you are not authorized to use. If I, in my sole discretion, believe that any such information is untrue, inaccurate or incomplete, I may refuse you access to the Service and pursue any appropriate legal remedies.
Analytics tracking
Our website uses analytics tools such as Google Analytics to better understand how visitors interact with our site. These tools collect data through cookies and similar technologies, including information about on-site activity and, in some cases, IP addresses. We use this data to improve user experience, monitor performance, and track conversions. Visitors who prefer not to be tracked can opt out by using the Google Analytics opt-out browser add-on or other available opt-out methods.
