Physician Loans · New Jersey

Physician Mortgage Loans in New Jersey — Low Down Payment, No PMI.

Whether you're practicing in Newark, relocating to Jersey City, or finishing residency at Rutgers Robert Wood Johnson — 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.

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90-second rate check No credit impact Free forever

Physician Lending in New Jersey

New Jersey 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 RWJBarnabas Health, a resident at Rutgers Robert Wood Johnson, or relocating to Newark for a new role — Sean's physician loan programs are available nationwide with the same white-glove service.

Talk to Rosie

Tell Rosie about your New Jersey home search or current mortgage. 90 seconds, no forms, no credit impact.

Rosie Watches

Rosie monitors New Jersey rates multiple times a day. She knows your loan structure and alerts you when savings windows open.

Sean Closes It

When the window opens, Sean calls you personally. One phone call. White glove. Loans originated through a top-five U.S. bank.

Attending Physicians

MDs, DOs, JDs in New Jersey. Up to $1M, as little as 10% down, no PMI.

Residents & Fellows

Training at Rutgers Robert Wood Johnson? Qualify on your signed contract, not current salary.

Relocating to New Jersey

Moving to Newark or Jersey City for a new role? Close before you start.

Construction & Renovation

Building or renovating in New Jersey? Single-close construction-to-permanent loans available.

10%

Down Payment

As little as 10% down, no PMI — up to $1M

PMI — Ever

No private mortgage insurance, regardless of LTV

Flexible

Student Loan DTI

Underwritten on earning trajectory, not current IBR

30 Days

Average Close

Physician-specific processing lane

Sean vs. Typical New Jersey Lenders

Most New Jersey lenders offer physician loans. Very few offer physician lending strategy.

Feature

Working With Sean

Typical NJ Lender

As little as 10% down, no PMI

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No PMI at any LTV

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Student loan-friendly DTI

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Portfolio lender (keeps your loan)

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Free rate renegotiation before funding

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AI rate monitoring (Rosie)

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Lifetime relationship with your loan officer

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Available nationwide

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Serving Physicians Across New Jersey

Sean works with physicians at every major New Jersey institution — and nationwide.

Newark, NJ

Physician mortgage loans available for physicians buying or refinancing in Newark.

Jersey City, NJ

Physician mortgage loans available for physicians buying or refinancing in Jersey City.

Princeton, NJ

Physician mortgage loans available for physicians buying or refinancing in Princeton.

Morristown, NJ

Physician mortgage loans available for physicians buying or refinancing in Morristown.

Chatham, NJ

Physician mortgage loans available for physicians buying or refinancing in Chatham.

Rutgers Robert Wood Johnson

Residents and fellows can qualify with a signed employment contract.

Rutgers New Jersey Medical School

Residents and fellows can qualify with a signed employment contract.

Hackensack Meridian School of Medicine

Residents and fellows can qualify with a signed employment contract.

RWJBarnabas Health

Attending physicians and staff can access physician loan programs.

Hackensack Meridian Health

Attending physicians and staff can access physician loan programs.

Atlantic Health System

Attending physicians and staff can access physician loan programs.

Virtua Health

Attending physicians and staff can access physician loan programs.

Physician Loan FAQ — New Jersey

Can I get a physician loan if I'm relocating to New Jersey?

Absolutely. Sean works with physicians relocating to New Jersey every month. You can close before you start your new role — all you need is a signed employment contract. Sean handles the timing so you can focus on the move.

I'm a resident at Rutgers Robert Wood Johnson. Can I buy now?

Yes. Physician loan programs let you qualify based on your attending salary — not your resident income. Many New Jersey residents buy 60-90 days before starting their attending role.

Does Sean work with physicians in Newark and Jersey City?

Sean originates in all 50 states. He works with physicians in every New Jersey city, and the physician loan programs are the same regardless of location.

What are the down payment requirements?

No catch. Physician loan programs exist because banks recognize doctors as low-risk borrowers with high earning trajectories. Sean places these loans with a portfolio lender that keeps them on its own books — it wants the long-term relationship.

Can I build a home in New Jersey with a physician loan?

Yes. Sean offers construction-to-permanent loans through his lender that combine your build financing and permanent mortgage into a single close. Available for physician-qualified borrowers building in New Jersey.

Is the AI rate monitoring really free?

Zero cost, forever. Rosie monitors your rate multiple times a day and alerts you when savings windows open. No subscription, no hidden fees. Sean built it because physicians are too busy to track rates themselves.

Ready to see what you qualify for in New Jersey?

90 seconds with Rosie. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.

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Know New Jersey before you borrow

How closings work in New Jersey

After a contract is signed, both sides have an attorney-review period during which either attorney can cancel or amend the deal. Closings are attorney-run in the north and often title-company-run in the south.

Taxes and transfer costs

Property taxes are among the highest in the country and vary sharply town to town, which is why two similar houses a mile apart can carry very different monthly payments. The seller pays the state realty transfer fee, and higher-priced homes carry an additional buyer-side fee.

Insurance that shapes the file

Shore and bayfront towns carry flood-zone requirements; post-Sandy elevation certificates still shape insurance cost and availability.

Where people are buying

Bergen, Morris and Essex counties · the Jersey Shore · Princeton and Central Jersey · Hoboken and Jersey City · Cherry Hill and South Jersey. First-time and lower-down-payment programs run through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Plain-English notes, not legal or tax advice. Sean originates in all 50 states. Everything about mortgages in New Jersey →

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