Dentist Mortgages in California


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Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

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Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

$100M Closed Loans

Alerus Financial is a bank established in 1879 that offers comprehensive financial solutions including banking, mortgage, retirement, and wealth management services.

High-income professionals can utilize Alerus Financial's comprehensive suite of services including wealth management, retirement planning, and personal banking. Their personalized financial strategies include investment management, estate planning, and risk management. Alerus also offers business banking and mortgage services. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $750,000
5%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DVM
  • OD
  • Fellow
  • Resident
  • DPM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Bank Of America

(All 50 States)

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usually responds within 30 minutes

Bank Of America

(All 50 States)

$100M Closed Loans

Bank of America, founded in 1904, is a leading global financial institution offering a broad range of banking, investing, asset management, and other financial and risk management products and services.

High-income professionals can take advantage of various services from Bank of America, including personalized wealth management, advanced investment strategies, and dedicated advisors for financial planning. They also offer specialized banking services, flexible mortgage options, and exclusive rewards and benefits. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
3%up to $825,000
5%up to $1 million
10%up to $1.5 million
15%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

BankMD

(All 50 States)

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usually responds within 30 minutes

BankMD

(All 50 States)

$100M Closed Loans

BankMD, founded in 2005 and operating via bankmd.com, specializes in providing financial services to medical professionals with a focus on personal loans and wealth management.

High-income professionals can access a suite of services from BankMD, including specialized banking, lending, and investment solutions. The bank's offerings are tailored to meet the unique financial needs of medical professionals, helping them manage and grow their wealth effectively. [ Read Review → ]

  • Minimum credit score: 670
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $850,000
5%up to $1 million
10%up to $2 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

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Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

$100M Closed Loans

Citizens Bank, founded in 1828, is a major U.S. commercial bank offering a comprehensive range of retail and commercial banking products and services.

High-income professionals can take advantage of various services from Citizens Bank, including wealth management and investment opportunities. They also offer private banking, retirement planning, and estate services. High-net-worth individuals can benefit from personalized financial strategies, designed to optimize their wealth and secure their financial futures. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
5%up to $850,000
10%up to $1 million
15%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Bank

(CA, IL, KS, MO, NE)

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usually responds within 30 minutes

First Bank

(CA, IL, KS, MO, NE)

$100M Closed Loans

First Bank, established in 1935, is a comprehensive financial institution offering a broad range of banking, insurance and investment services across the globe.

High-income professionals can take advantage of a host of services from First Bank. These include personalized wealth management, high-yield savings accounts, and exclusive credit offerings. Additionally, they offer robust investment services, tailored mortgage options, and comprehensive insurance products. First Bank prioritizes privacy, ensuring secure transactions every time. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $400,000
5%up to $1 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • JD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • DC
  • CPA
  • PhD
  • RN

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

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usually responds within 30 minutes

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

$100M Closed Loans

First Citizens, founded in 1898, is a full-service commercial bank with over 500 branches, offering a wide range of retail and corporate financial services.

High-income professionals can benefit from First Citizens' services, including wealth management, private banking, and insurance. Their offerings also comprise personalized financial planning, customized credit solutions, and estate planning. They provide tailored strategies to optimize financial growth and security. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $1.5 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • CRNA
  • NP
  • PA
  • DC
  • DVM
  • PharmD
  • JD
  • CPA
  • PhD
  • RN

First Western Trust

(AZ, CA, CO, MT, WY)

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usually responds within 30 minutes

First Western Trust

(AZ, CA, CO, MT, WY)

$100M Closed Loans

First Western Trust, founded in 2004, is a private bank and wealth management company, providing a comprehensive suite of financial services across the Western U.S.

High-income professionals can utilize First Western Trust's services for comprehensive wealth planning and management. Offerings include investment consulting, private banking, trust and estate planning, and retirement planning. Tailored strategies are designed to optimize financial growth and security. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $850,000
5%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • DPM
  • OD
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Flagstar

(All 50 States Except NY)

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Online

usually responds within 30 minutes

Flagstar

(All 50 States Except NY)

$100M Closed Loans

Flagstar, founded in 1987, is a leading national bank headquartered in Michigan, offering a broad range of banking, mortgage, and lending operations.

High-income professionals can utilize Flagstar's wealth management services for their financial planning needs. These services include personalized investment strategies, retirement planning, estate planning, and trust services. Additionally, Flagstar offers private banking solutions such as tailored loans and exclusive credit options. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • RN
  • DC
  • PhD

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

Match Banks Contact Send Email

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usually responds within 30 minutes

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

$100M Closed Loans

Keybank, established in 1825, is a regional bank headquartered in Cleveland, Ohio, offering a variety of financial services including retail and commercial banking, investment management, and consumer lending.

High-income professionals at Keybank are provided with comprehensive financial services. These include wealth management, specialized lending, and tailored banking solutions. They also have access to financial planning tools, investment strategy assistance, and estate planning. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,500,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
15%up to $2 million
20%up to $3.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Laurel Road

(All 50 States)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Laurel Road

(All 50 States)

$100M Closed Loans

Laurel Road, established in 2013, is a fintech company known for its online lending platform, providing student loan refinancing, mortgages, and personal loans.

High-income professionals can leverage Laurel Road's services for personalized financial solutions. The platform offers student loan refinancing, personal loans, mortgages, and high-yield savings accounts. It also provides digital banking services with attractive interest rates, emphasizing transparency and customer support. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: Varies
Down payment Financing
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

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Online

usually responds within 30 minutes

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

$100M Closed Loans

Liberty Federal Credit Union, established in 1955, is a member-owned financial cooperative providing a range of services including loans, savings, and investments to its members.

High-income professionals can utilize Liberty Federal Credit Union's services for personalized financial management. These include premium savings and checking accounts, low-interest loans, comprehensive investment and retirement planning, tax advisory, and exclusive credit card offers. Their services also extend to providing financial literacy resources and dedicated customer support. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $970,800
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • PharmD
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Shoreham Bank

(AZ, CA, CO, FL, IA, ID, IL, MI, NV, RI, TN, UT)

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Online

usually responds within 30 minutes

Shoreham Bank

(AZ, CA, CO, FL, IA, ID, IL, MI, NV, RI, TN, UT)

$100M Closed Loans

Shoreham Bank, founded in 1860, is a reputable financial institution offering a comprehensive range of banking services including loans, savings, and online banking.

High-income professionals can take advantage of various services from Shoreham Bank. These include specialized checking and savings accounts, tailored investment advice, estate planning, and personalized loan options. The bank also offers a private banking service, providing dedicated financial advisors for comprehensive wealth management. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $1.5 million
15%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • DC
  • JD
  • CPA
  • PhD
  • RN

Truist

(All 50 States Except AK, AR, HI, OR)

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Online

usually responds within 30 minutes

Truist

(All 50 States Except AK, AR, HI, OR)

$100M Closed Loans

Truist, formed by the merger of BB&T and SunTrust in 2019, is a leading banking institution offering a comprehensive range of financial services across the United States.

High-income professionals benefit from Truist's comprehensive wealth management services. These services include personalized financial planning, investment management, estate planning, and risk management. Truist also offers tailored lending solutions and private banking options to meet unique financial needs. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Wintrust Mortgage

(AZ, CA, FL, IL, IN, MN, MT, ND, WI)

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Online

usually responds within 30 minutes

Wintrust Mortgage

(AZ, CA, FL, IL, IN, MN, MT, ND, WI)

$100M Closed Loans

Wintrust Mortgage, established in 1981, is a part of Wintrust Financial Corporation, providing a broad range of customizable mortgage and refinancing solutions across the US.

High-income professionals can take advantage of a wide range of services from Wintrust Mortgage. These include personalized mortgage solutions, refinancing options, and jumbo loans. Wintrust also provides a selection of online tools to assist in managing mortgage payments and planning future finances. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $850,000
3%up to $1.25 million
5%up to $1.5 million
10%up to $2 million
20%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • PharmD
  • DC
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Key Terms

  • California dentist mortgages cater specifically to dental professionals, offering lower down payments and no PMI, which significantly reduces the upfront and ongoing costs of buying a home.
  • These mortgages feature flexible eligibility criteria, accommodating unique employment situations like irregular schedules and high student debt, making it easier for dentists to qualify.
  • Despite their advantages, dentist mortgages in California may be harder to find and could incur additional fees or costs, necessitating careful evaluation and comparison with traditional mortgage options.

Whether you’re drawn to the bustling city life of Los Angeles or San Francisco or prefer the tranquil charm of the Central Valley’s small towns, California offers a diverse array of settings that cater to every lifestyle. From the breathtaking vistas of Yosemite Valley to the sun-drenched deserts of Southern California, the Golden State boasts unparalleled natural beauty and cultural richness.

California’s thriving healthcare industry attracts many dentists to call it home. According to data from the Bureau of Labor Statistics, 18,820 dentists have chosen to establish their practices in this Western state.

However, living in California comes with a hefty price tag, with housing costs soaring to new heights. According to the FED, the median listing price of a single-family home in California stands at an astonishing $771,500, posing a significant challenge for dental professionals aspiring to own a home. 

Fortunately, specialized dentist mortgage programs are available to alleviate this burden, offering tailored solutions to help dentists in California achieve their homeownership goals without undue financial strain.

What are the main advantages of California dentist mortgages?

A California dentist mortgage offers several key advantages tailored to the unique housing market and financial circumstances in the state:

  • Lower Down Payments: Dentist mortgages in California often feature lower down payment requirements compared to traditional mortgages. This can make homeownership more accessible for dentists who may not have substantial savings for a large down payment.
  • No Private Mortgage Insurance (PMI): Many dentist mortgage programs in California waive the need for private mortgage insurance (PMI), which is typically required on conventional loans with down payments less than 20%. Eliminating PMI can result in lower monthly mortgage payments, saving dentists money over the life of the loan.
  • Flexible Eligibility Criteria: California dentist mortgages typically have more flexible eligibility criteria compared to traditional mortgages. Lenders take into account dentists’ unique employment situations, such as irregular work schedules or high student loan debt, making it easier for them to qualify for a mortgage.
  • Specialized Programs and Incentives: Dentist mortgage programs in California may offer specialized incentives and benefits, such as down payment assistance programs or loan forgiveness options for dentists serving in underserved areas. These programs aim to support dentists in achieving their homeownership goals while addressing their specific financial needs.

Overall, a California dentist mortgage provides valuable financial assistance and support tailored to dentists, helping them overcome the challenges of purchasing a home in a competitive housing market like California.

The pros and cons of pursuing a dentist mortgage in California

Considering whether to pursue a dentist mortgage? Here’s a breakdown of the advantages and disadvantages:

Pros include several benefits tailored to dental professionals:

  • Dentist mortgages often feature more flexible eligibility criteria.
  • Some dentist mortgages waive the need for private mortgage insurance (PMI).
  • Lower down payment requirements may be available.
  • These mortgages accommodate the unique work situations common in the dental field, such as irregular schedules and multiple jobs.

However, there are some drawbacks to consider:

  • Dentist mortgages may be less common and harder to find compared to traditional mortgages.
  • They may come with additional fees or costs.

When evaluating whether a dentist mortgage is right for you, consider these factors in conjunction with your financial circumstances.

If a traditional mortgage loan was not a fit for you, you’re not alone. Plenty of medical professionals like medical doctors, medical residents, interns, veterinarians, CRNAs, pharmacists, and podiatrists find it difficult to get approval for a conventional home loan. These borrowers may need to shop around to find the right fit. For borrowers with a DMD (doctor of dental medicine), DDS, DPM, or DVM designation, you could use your start date at a new job to get approval for your primary residence loan amount. Alternative loan options are out there for healthcare professionals with an employment contract for a role in California.

One of the most common examples are those for medical doctors, known as physician mortgage loans, doctor mortgage loans, or physician home loans. Loans that would work for most borrowers, such as conventional mortgages from Keybank, US Bank, Bank of America, Truist, or other equal housing lender/member FDIC location may not work for healthcare home buyers. The home buying process pathway is much simpler when you have an offer letter or employment contract for a new role, since this opens up mortgage options for you.

Check various factors for every loan to compare, including things like:

  • Interest rate (Fixed rate vs. adjustable rate mortgage)
  • Debt to income ratio (DTI)
  • No PMI
  • Chances for refinancing/timeline to refinance
  • Other underwriting rules
  • Minimum credit score
  • Low down payment options
  • Monthly payments
  • Disclosures
  • If self-employed dentists can apply
  • Repayment terms
  • If jumbo loans are eligible
  • If you can use it for an investment property

Once you’ve looked at all the loan lenders and talked to a loan officer, a good next step may be applying. The mortgage lender should be able to give you more clarity on the timeline for application, too. A real estate agent could help you identify a shortlist of properties, or you can search on the NMLS.

Examples of dentists who take out dentist mortgages in California

Dr. Owens is facing something even more daunting than getting her degree—purchasing an apartment in San Francisco, where exorbitant housing prices pose a significant barrier to homeownership. Despite her steady income and diligent savings habits, Dr. Owens finds herself confronted with the reality that a traditional down payment would deplete her hard-earned savings entirely.

Undeterred by the steep costs, Dr. Owens explores alternative financing options to navigate the competitive San Francisco real estate market. In her quest for a viable solution, she learns about dentist mortgages, specialized loan products designed to support dental professionals like herself in achieving their homeownership goals.

With the prospect of a dentist mortgage, Dr. Owens sees a glimmer of hope amidst the formidable housing landscape of San Francisco. These tailored financial products offer benefits such as reduced down payments and lenient eligibility criteria, providing Dr. Owens with a viable path to secure an apartment without draining her savings entirely.  

Dr. Zabar, a successful dentist, dreams of owning a second home in Palm Springs, drawn to its serene landscapes. However, navigating the competitive real estate market poses financial challenges. Exploring options, Dr. Zabar discovers the benefits of a dentist mortgage, tailored to professionals like him. With this specialized financing, he aims to turn his dream into reality, forging ahead to secure a peaceful retreat in Palm Springs.

Looking for a dentist mortgage in a different state?

If you’re looking to explore the best dentist mortgage in other states, click on your state below.

Find a Dentist Home Loan Specialist

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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