Physician Mortgage Loans in Illinois — Low Down Payment, No PMI.
Whether you're practicing in Chicago, relocating to Naperville, or finishing residency at Northwestern Feinberg — Sean Shallis specializes in physician lending nationwide.
As little as 10% down. No PMI. Up to $1M. Student loan-friendly. Originated through a national portfolio lender.
Illinois physicians deserve a lender who gets it.
Sean Shallis is a national physician loan specialist who originates through a national portfolio lender, with the same file and the same underwriter from application to close. He's married to a physician — he understands the student debt, the relocations, the delayed gratification, and the earning curve that makes physicians uniquely qualified borrowers.
Whether you're an attending at Northwestern Medicine, a resident at Northwestern Feinberg, or relocating to Chicago for a new role — Sean's physician loan programs are available nationwide with the same white-glove service.
Attending Physicians
MDs, DOs, JDs in Illinois. Up to $1M, as little as 10% down, no PMI.
Residents & Fellows
Training at Northwestern Feinberg? Qualify on your signed contract, not current salary.
Relocating to Illinois
Moving to Chicago or Naperville for a new role? Close before you start.
Construction & Renovation
Building or renovating in Illinois? Single-close construction-to-permanent loans available.
As little as 10% down, no PMI — up to $1M
No private mortgage insurance, regardless of LTV
Underwritten on earning trajectory, not current IBR
Physician-specific processing lane
Sean vs. Typical Illinois Lenders
Most Illinois lenders offer physician loans. Very few offer physician lending strategy.
Serving Physicians Across Illinois
Sean works with physicians at every major Illinois institution — and nationwide.
Physician mortgage loans available for physicians buying or refinancing in Chicago.
Physician mortgage loans available for physicians buying or refinancing in Naperville.
Physician mortgage loans available for physicians buying or refinancing in Springfield.
Residents and fellows can qualify with a signed employment contract.
Residents and fellows can qualify with a signed employment contract.
Residents and fellows can qualify with a signed employment contract.
Residents and fellows can qualify with a signed employment contract.
Attending physicians and staff can access physician loan programs.
Attending physicians and staff can access physician loan programs.
Attending physicians and staff can access physician loan programs.
Physician Loan FAQ — Illinois
Can I get a physician loan if I'm relocating to Illinois?
I'm a resident at Northwestern Feinberg. Can I buy now?
Does Sean work with physicians in Chicago and Naperville?
What are the down payment requirements?
Can I build a home in Illinois with a physician loan?
Is the AI rate monitoring really free?
Ready to see what you qualify for in Illinois?
90 seconds with Rosie. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.
Know Illinois before you borrow
How closings work in Illinois
Attorneys handle contract review and closings in the Chicago area; downstate, title companies are more common. Transfer taxes are stacked at the state, county and often city level.
Taxes and transfer costs
Cook County property taxes are assessed on a cycle with an active appeals culture, and bills are paid in arrears, so the tax proration at closing is a real negotiation item.
Insurance that shapes the file
Basement and sewer-backup coverage matter more here than wind; river towns carry flood-zone requirements.
Where people are buying
Chicago · the North Shore and northwest suburbs · DuPage County · Springfield · Champaign-Urbana. First-time and lower-down-payment programs run through the Illinois Housing Development Authority (IHDA).
Plain-English notes, not legal or tax advice. Sean originates in all 50 states. Everything about mortgages in Illinois →