Physician Mortgage Loans in New York — Low Down Payment, No PMI.
Whether you're practicing in New York City, relocating to Buffalo, or finishing residency at Columbia — 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.
New York 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 NYU Langone, a resident at Columbia, or relocating to New York City for a new role — Sean's physician loan programs are available nationwide with the same white-glove service.
Attending Physicians
MDs, DOs, JDs in New York. Up to $1M, as little as 10% down, no PMI.
Residents & Fellows
Training at Columbia? Qualify on your signed contract, not current salary.
Relocating to New York
Moving to New York City or Buffalo for a new role? Close before you start.
Construction & Renovation
Building or renovating in New York? 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 New York Lenders
Most New York lenders offer physician loans. Very few offer physician lending strategy.
Serving Physicians Across New York
Sean works with physicians at every major New York institution — and nationwide.
Physician mortgage loans available for physicians buying or refinancing in New York City.
Physician mortgage loans available for physicians buying or refinancing in Buffalo.
Physician mortgage loans available for physicians buying or refinancing in Rochester.
Physician mortgage loans available for physicians buying or refinancing in Albany.
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.
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.
Attending physicians and staff can access physician loan programs.
Physician Loan FAQ — New York
Can I get a physician loan if I'm relocating to New York?
I'm a resident at Columbia. Can I buy now?
Does Sean work with physicians in New York City and Buffalo?
What are the down payment requirements?
Can I build a home in New York with a physician loan?
Is the AI rate monitoring really free?
Ready to see what you qualify for in New York?
90 seconds with Rosie. No credit impact. No obligation. Or book a 20-minute strategy call with Sean.
Know New York before you borrow
How closings work in New York
An attorney state: the buyer and the seller each have counsel, and the closing happens at a table with everyone present. Contracts are negotiated by the attorneys after the offer is accepted.
Taxes and transfer costs
New York charges a mortgage recording tax on most mortgages, and New York City adds its own transfer taxes. Co-ops in the city are financed with share loans rather than mortgages, which changes the whole paperwork path.
Insurance that shapes the file
Coastal Long Island, the boroughs, and river valleys carry flood-zone designations that require flood insurance before a loan can fund.
Where people are buying
New York City · Long Island · Westchester and the Hudson Valley · Albany · Buffalo · Rochester. First-time and lower-down-payment programs run through the State of New York Mortgage Agency (SONYMA).
Plain-English notes, not legal or tax advice. Sean originates in all 50 states. Everything about mortgages in New York →