Saint Mary's Reno Physician Loan Guide
Program figures verified July 2026 — details change; confirm your scenario with us.
The 60-second answer
If you're a physician at Saint Mary's Regional Medical Center in Reno, you qualify for the same 100% LTV / no PMI physician loan available to all NV physicians.
Saint Mary's is Reno's Catholic-affiliated community hospital — second-largest hospital in Reno after Renown. Strong family medicine + community medicine focus. Many Reno physicians have privileges at both Saint Mary's + Renown.
Saint Mary's Regional Medical Center at a glance
- Type: Catholic-affiliated community hospital
- Parent organization: Prime Healthcare (acquired from CHI in 2018)
- Location: Mill Street (West Reno)
- Personnel: ~1,000+ employees + 50+ residents
- Services: Acute care, maternity, ICU, surgery, behavioral health, geriatrics
- GME presence: Family Medicine residency primarily; selected other programs
Compared to Renown Reno
- Saint Mary's: Smaller, more community-focused, Catholic-affiliated
- Renown: Larger, academic medical center, UNR SOM-affiliated
- Most Reno physicians have privileges at both
Saint Mary's physician compensation
Hospital-employed
- Hospitalist: $275K-$345K
- Emergency Medicine: $310K-$420K
- Family Medicine: $245K-$320K
- OB/GYN: $295K-$420K
- General Surgery: $395K-$650K
Resident + fellow compensation
- Family Medicine PGY-1: ~$63K-$68K
- Senior residents: ~$68K-$74K
Private practice physicians with Saint Mary's privileges
- Income varies by practice + specialty
- Privileges at Saint Mary's allows admissions + inpatient care
- Many Reno specialists have privileges at both Saint Mary's + Renown
Where Saint Mary's physicians actually buy
Old Southwest Reno
- Median home price: $550K-$1.1M
- Vibe: Historic character, walkable, university-adjacent
- Distance to Saint Mary's: 5-15 minutes
- Best for: Faculty-track + community physicians
NW Reno (Somersett, Caughlin Ranch)
- Median home price: $625K-$1.2M
- Vibe: Premium master-planned, mountain views
- Distance to Saint Mary's: 15-25 minutes
- Best for: Senior attendings + relocators
Damonte Ranch (South Reno)
- Median home price: $475K-$650K
- Vibe: Family-focused, newer construction
- Distance to Saint Mary's: 15-25 minutes
- Best for: Family attendings + mid-career
Spanish Springs (NE Reno)
- Median home price: $475K-$625K
- Vibe: Family-focused, value
- Distance to Saint Mary's: 20-30 minutes
- Best for: Mid-career attendings + value-conscious
Sparks
- Median home price: $385K-$525K
- Vibe: Working-class to mid-market
- Distance to Saint Mary's: 8-15 minutes
- Best for: Residents + early attendings
Common Saint Mary's scenarios
Scenario 1: Saint Mary's FM PGY-3 → Saint Mary's attending
- Current: PGY-3 FM resident at Saint Mary's, $73K
- Attending: Saint Mary's FM attending, $245K, starting July
- Wants: $475K home in Damonte Ranch or Sparks
- Path: 100% LTV physician loan
Scenario 2: Saint Mary's hospitalist
- 5 years Saint Mary's hospitalist, $295K
- Wants: $585K NW Reno home
- Path: 100% LTV physician loan
Scenario 3: Private practice Reno OB/GYN with Saint Mary's privileges
- Private practice OB/GYN, $385K income (K-1)
- Saint Mary's + Renown privileges
- Wants: $725K Damonte Ranch home
- Path: Self-employed physician + our specialty non-QM programs
Scenario 4: Saint Mary's + Renown dual privilege specialist
- Cardiology specialist, $625K income
- Privileges at both Saint Mary's + Renown
- Wants: $1.4M NW Reno home
- Path: 100% LTV physician loan; combined Reno credentialed income
Scenario 5: New Saint Mary's attending relocating from out-of-state
- Out-of-state PGY-3 finishing residency
- Joining Saint Mary's hospitalist team
- $295K attending contract
- Wants: $525K Damonte Ranch home
- Path: 100% LTV physician loan using signed Saint Mary's contract
Saint Mary's-specific considerations
Catholic affiliation
Saint Mary's has Catholic affiliation history. Some protocols differ from secular hospitals (most notably around end-of-life care + reproductive services). Doesn't affect physician loan qualifying.
Prime Healthcare parent
Prime Healthcare is the parent organization (acquired Saint Mary's from CHI in 2018). Prime Healthcare is a national for-profit hospital operator. Affects Saint Mary's strategic direction but not physician loan eligibility.
Family Medicine residency strength
Saint Mary's family medicine residency is well-regarded. New Saint Mary's FM attendings represent both new Saint Mary's residents + outside FM physicians joining.
Multi-hospital practice common
Many Reno physicians work at Saint Mary's + Renown + private practice combination. Income from various sources documented at qualifying.
Frequently asked questions
Is Saint Mary's Catholic?
Yes — Saint Mary's has Catholic affiliation history. Catholic identity affects some specific clinical protocols (end-of-life, reproductive services) but doesn't affect physician loan qualifying or general employment.
Does Saint Mary's have an employee mortgage program?
Standard Prime Healthcare employee benefits don't include specialty physician mortgage. Physician loan through Cornerstone typically delivers better terms.
What about Saint Mary's vs Renown for physicians?
Both major Reno hospitals. Saint Mary's: smaller, community-focused. Renown: larger, academic medical center. Many Reno physicians work at both via privileges.
Can I have privileges at multiple Reno hospitals?
Yes — common scenario. Many specialists hold privileges at Saint Mary's + Renown + VA Sierra Nevada. Combined income/credentials documented.
What about Carson Tahoe Health (other Reno area hospital)?
Carson Tahoe Health is a separate health system (smaller, Carson City area focus). Some crossover with Reno physician community but separate employer.
Does Saint Mary's have its own residency programs?
Family Medicine is primary residency. Some other programs in development or smaller.
What if I'm a private practice physician with Saint Mary's privileges?
Same physician loan eligibility. Self-employment income documentation slightly different (K-1, 1099, etc.). Mike handles.
What about Saint Mary's pediatric specialty?
Limited pediatric subspecialty at Saint Mary's. Most Reno pediatric tertiary care at Renown Children's.
What about Saint Mary's surgery?
General surgery + selected specialty surgery at Saint Mary's. Some specialty surgery routed to Renown.
Does Saint Mary's accept Medicare/Medicaid patients?
Yes — Saint Mary's accepts comprehensive insurance + government programs. Doesn't affect physician loan.
Talk to Mike about your Saint Mary's scenario
Free 30-minute call. Bring your role at Saint Mary's, attending contract status, target Reno neighborhood.
(480) 296-6513 · Mike Certo, NMLS #260555 · Cornerstone First Mortgage NMLS #173855
Sources
- Saint Mary's Regional Medical Center
- Prime Healthcare
- Redwood Residential Acquisition Corporation — Sequoia Medical Professionals Program Eligibility Guide v1.1
Mike Certo · NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Not affiliated with Saint Mary's or Prime Healthcare. Educational content, not a loan commitment. Loans subject to buyer and property qualification.