Physician Loans: Up to 100% Financing for Doctor Mortgages


Doctor mortgage loans are being offered by an increasing number of banks and non-bank lenders, making it a great time to get a physician loan.

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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

Alliant Credit Union

(AZ, CO, GA, IL, KS, MN, MO, NC, NV, SC, TN, UT, WA)

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usually responds within 30 minutes

Alliant Credit Union

(AZ, CO, GA, IL, KS, MN, MO, NC, NV, SC, TN, UT, WA)

$100M Closed Loans

Alliant Credit Union, founded in 1935, is a member-owned financial cooperative providing a full range of financial services, with a strong national online presence.

High-income professionals can utilize Alliant Credit Union's services, which include high-rate checking and savings accounts, low-rate loans, and credit cards. Their services also encompass retirement and investment options, mobile and online banking, and financial advice. [ Read Review → ]

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

Arvest Bank

(AR, KS, MO, OK)

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usually responds within 30 minutes

Arvest Bank

(AR, KS, MO, OK)

$100M Closed Loans

Arvest Bank, founded in 1961, is a diversified financial services company headquartered in Bentonville, Arkansas, offering a full range of banking, mortgage, investment, and insurance products.

High-income professionals can utilize Arvest Bank's comprehensive financial services, including wealth management, private banking, and investment guidance. The bank offers tailored solutions, like asset management and estate planning, to effectively grow and safeguard their wealth. [ Read Review → ]

  • Minimum credit score: 640
  • Maximum loan: $1,750,000
Down payment Financing
0%up to $1.25 million
5%up to $1.75 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • CRNA
  • DVM
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

BOK Financial

(AR, AZ, CO, KS, MO, NM, OK, TX)

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usually responds within 30 minutes

BOK Financial

(AR, AZ, CO, KS, MO, NM, OK, TX)

$100M Closed Loans

Bok Financial, established in 1910, is a top-tier U.S. financial services company providing commercial and consumer banking, investment and trust services across eight states.

High-income professionals can take advantage of Bok Financial's wealth management services, which include financial planning, investment management, and private banking. They also offer tax strategies, estate planning, and insurance solutions to secure and grow wealth. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,500,000
Down payment Financing
0%up to $850,000
5%up to $1.25 million
10%up to $1.5 million
20%up to $2.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • 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

Bell Bank

(AZ, CO, KS, MN, MO, ND, NM, TN, WI)

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usually responds within 30 minutes

Bell Bank

(AZ, CO, KS, MN, MO, ND, NM, TN, WI)

$100M Closed Loans

Bell Bank, founded in 1966 as State Bank of Fargo, is a full-service, independent bank specializing in banking and wealth management, known for its strong customer relationships.

High-income professionals can leverage Bell Bank's premier services, offering personalized wealth management, private banking, and investment strategies. They also provide retirement planning and trust services, to ensure long-term financial security and legacy management. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
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
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Berkshire Bank

(CT, MA, ME, NH, NY, RI, VT)

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usually responds within 30 minutes

Berkshire Bank

(CT, MA, ME, NH, NY, RI, VT)

$100M Closed Loans

Berkshire Bank, established in 1846, is a Massachusetts-based community bank offering comprehensive personal, business banking, and wealth management services.

High-income professionals can access numerous services from Berkshire Bank. These include wealth management, financial planning, private banking, comprehensive investment strategies, and retirement planning. The bank also offers tailored lending solutions, estate planning, and insurance services to protect their wealth. [ 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 $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Broadway National Bank

(TX)

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usually responds within 30 minutes

Broadway National Bank

(TX)

$100M Closed Loans

Broadway National Bank, established in 1941, is a reputable financial institution offering comprehensive banking services, including loans, deposits, and wealth management to individuals and businesses.

High-income professionals can benefit from Broadway National Bank's range of services. These include personalized wealth management, business banking solutions, and high-yield checking accounts. The bank also offers estate planning, investment services, and personalized financial advice for complex financial situations. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $766,550
Down payment Financing
0%up to $766,550
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • 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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usually responds within 30 minutes

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

Consumers Credit Union

(IN, MI)

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usually responds within 30 minutes

Consumers Credit Union

(IN, MI)

$100M Closed Loans

Consumers Credit Union, founded in 1910, is a member-owned financial institution offering a wide array of services including loans, savings accounts, and investment opportunities.

High-income professionals can benefit from Consumers Credit Union's services like premium checking accounts, high-yield savings options, and personalized financial planning. They also offer a range of loan solutions, including mortgages, auto loans, and personal loans. These services are designed to optimize wealth management and growth. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $750,000
5%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • CRNA
  • NP
  • PA
  • DPM
  • DVM
  • OD
  • PharmD
  • JD
  • DC
  • CPA
  • PhD
  • RN

DFCU Financial

(FL, MI)

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usually responds within 30 minutes

DFCU Financial

(FL, MI)

$100M Closed Loans

DFCU Financial, established in 1950, is Michigan's largest credit union, offering a wide array of banking services including loans, savings, and investment options.

High-income professionals can benefit from DFCU Financial's wealth management services, including financial planning, investment services, and retirement planning. Additional offerings encompass insurance solutions, private banking, and specialized lending options. The firm's expert advisors provide personalized guidance to help clients optimize their financial health and achieve their goals. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DC
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Extraco Banks

(TX)

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Online

usually responds within 30 minutes

Extraco Banks

(TX)

$100M Closed Loans

Extraco Banks, established in 1902, is a Texas-based financial institution providing a comprehensive range of banking, mortgage, insurance, and investment services.

High-income professionals at Extraco Banks can access a suite of comprehensive services including wealth management, private banking, and mortgage lending. These offerings are designed to optimize financial growth, provide personalized banking experiences, and facilitate property acquisition respectively. [ Read Review → ]

  • Minimum credit score: 660
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $750,000
3%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Fidelity Bank

(KS, MO, OK)

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usually responds within 30 minutes

Fidelity Bank

(KS, MO, OK)

$100M Closed Loans

Fidelity Bank, founded in 1905, is a comprehensive financial institution offering diverse services including personal, business banking, and wealth management.

High-income professionals can leverage Fidelity Bank's services which include personalized wealth management, comprehensive financial planning, and investment management. Additional services encompass retirement planning, tax strategy, and estate planning, all designed to maximize and protect their wealth. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $750,000
Down payment Financing
0%up to $750,000
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Fidelity Bank of Pennsylvania

(PA)

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Online

usually responds within 30 minutes

Fidelity Bank of Pennsylvania

(PA)

$100M Closed Loans

Fidelity Bank of Pennsylvania, founded in 1903, is a community-focused financial institution that offers a diverse range of banking, investment, and insurance solutions.

High-income professionals can take advantage of a broad range of services from Fidelity Bank. These include personalized wealth management, investment, retirement planning, and private banking services. The bank also offers specialized financial guidance and resources to ensure optimal asset growth and protection. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
%up to $2 million
0%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Fifth Third

(FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV)

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usually responds within 30 minutes

Fifth Third

(FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV)

$100M Closed Loans

Fifth Third, founded in 1858, is a diversified financial services company offering banking, investments, and consumer and commercial lending across the US.

High-income professionals can leverage Fifth Third’s comprehensive financial services which include wealth management, private banking, and investment advisory. These services aim to optimize wealth growth, ensure financial security, and provide custom solutions tailored to individual financial goals. [ Read Review → ]

  • Minimum credit score: 700
  • 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

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 Federal Bank Of Kansas City

(KS, MO)

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usually responds within 30 minutes

First Federal Bank Of Kansas City

(KS, MO)

$100M Closed Loans

First Federal Bank of Kansas City, established in 1934, is a community-focused institution providing comprehensive banking services including loans, deposits, and mortgage options.

High-income professionals can leverage First Federal Bank of Kansas City's suite of services, including specialized loan programs, wealth management advice, and personalized banking. The bank offers comprehensive financial solutions, such as mortgages, savings accounts, checking accounts, and online banking to facilitate seamless financial management. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,500,000
Down payment Financing
%up to $1.5 million
0%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • PharmD
  • NP
  • PA
  • DVM
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Federal Savings And Loan Association Of Lakewood

(FL, IL, IN, KY, MD, MI, NC, OH, PA, SC, TN, VA, WV)

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usually responds within 30 minutes

First Federal Savings And Loan Association Of Lakewood

(FL, IL, IN, KY, MD, MI, NC, OH, PA, SC, TN, VA, WV)

$100M Closed Loans

First Federal Savings And Loan Association Of Lakewood, founded in 1935, is a community-focused bank providing a range of financial services including mortgages, personal banking, and business banking.

High-income professionals can take advantage of various services from First Federal Savings And Loan Association of Lakewood. These include diverse investment options, comprehensive wealth management assistance, and tailored lending solutions. The institution also offers a range of personal and business banking services, prioritizing convenience and security. [ 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
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Financial Bank

(TX)

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usually responds within 30 minutes

First Financial Bank

(TX)

$100M Closed Loans

First Financial Bank, founded in 1890, is a comprehensive financial services institution providing commercial banking, consumer banking, wealth management, and mortgage services.

High-income professionals can utilize First Financial Bank's extensive services, including tailored wealth management, private banking, estate planning, and investment services. They also offer dedicated financial advisors to help clients make informed financial decisions. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $650,000
5%up to $1 million
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Financial Bank

(IL, IN, KY)

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usually responds within 30 minutes

First Financial Bank

(IL, IN, KY)

$100M Closed Loans

First Financial Bank, founded in 1863, is a regional banking institution headquartered in Cincinnati, Ohio, offering a variety of financial services including personal, business banking, and wealth management.

High-income professionals at First Financial Bank benefit from personalized wealth management services, including investment, retirement, and estate planning. The bank also offers private banking with tailored solutions for complex financial needs. Low-interest rate loans and mortgage options are available, paired with advanced online banking tools for convenience. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $750,000
5%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • JD
  • CPA
  • PhD
  • DPM
  • OD
  • PharmD
  • NP
  • PA
  • DC
  • RN

First Horizon

(AL, AR, FL, GA, LA, MS, NC, SC, TN, TX, VA)

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usually responds within 30 minutes

First Horizon

(AL, AR, FL, GA, LA, MS, NC, SC, TN, TX, VA)

$100M Closed Loans

First Horizon, founded in 1864, is a leading financial services company in the U.S, offering banking, wealth management, and capital market services.

High-income professionals can access a wide range of services from First Horizon. These include wealth management, retirement planning, and private banking services, all tailored to meet the unique financial needs and objectives of each client. Additionally, First Horizon provides investment advisory and estate planning services. [ Read Review → ]

  • Minimum credit score: 670
  • Maximum loan: $2,500,000
Down payment Financing
0%up to $1.5 million
5%up to $2 million
10%up to $2.5 million
Eligible degrees:
  • MD/DO
  • DPM
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Independence Bank

(MI, MN)

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usually responds within 30 minutes

First Independence Bank

(MI, MN)

$100M Closed Loans

First Independence Bank, established in 1970, is a Detroit-based minority depository institution offering comprehensive banking services primarily to underserved communities.

High-income professionals can take advantage of First Independence Bank's array of services, including bespoke wealth management, estate planning, business banking, and home mortgage solutions. The bank also provides personalized private banking services, including tailored loans and exclusive savings accounts. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,350,000
Down payment Financing
0%up to $1.35 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Merchants

(IL, IN, KY, MI, OH)

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Online

usually responds within 30 minutes

First Merchants

(IL, IN, KY, MI, OH)

$100M Closed Loans

First Merchants, founded in 1893, is a financial services company based in Indiana, offering personal banking, business banking, mortgage services, and wealth management.

High-income professionals can benefit from First Merchants' range of services including wealth management, private banking, and tailored financial advice. These services are designed to optimize asset growth, ensure financial security, and facilitate custom financial strategies. [ 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 $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First National Bank

(TX)

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Online

usually responds within 30 minutes

First National Bank

(TX)

$100M Closed Loans

First National Bank, established in 1901 in Texas, offers a comprehensive range of banking services including personal, business, and agricultural finance.

High-income professionals at First National Bank are offered services such as wealth management, estate planning, and financial planning. They also benefit from private banking privileges, including tailored loans, premium interest rates, and personalized financial advice. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,250,000
Down payment Financing
5%up to $1.25 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • JD
  • DC
  • CPA
  • PhD
  • RN
  • DPM
  • PA

First National Bank of Omaha

(CO, IA, IL, KS, MO, NE, SD, WY)

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Online

usually responds within 30 minutes

First National Bank of Omaha

(CO, IA, IL, KS, MO, NE, SD, WY)

$100M Closed Loans

First National Bank of Omaha, founded in 1857, is the largest privately-owned bank in the U.S., offering a full range of banking and financial services across multiple states.

High-income professionals can take advantage of the First National Bank of Omaha's services, which include wealth management, comprehensive financial planning, private banking, and trust services. FNBO also offers personalized strategies for investment, estate planning, and managing retirement assets. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $850,000
5%up to $1.25 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • DPM
  • DVM
  • OD
  • DC
  • PhD
  • RN

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

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Online

usually responds within 30 minutes

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

$100M Closed Loans

First National Bank of Pennsylvania, established in 1864, is a full-service financial institution offering commercial banking services across multiple states.

High-income professionals can benefit from First National Bank of Pennsylvania's tailored services, including wealth management, financial planning, private banking, and investment services. Furthermore, FNB offers business banking solutions and personalized lending options aimed at optimizing their financial growth and stability. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1.25 million
5%up to $1.5 million
10%up to $2 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • JD
  • DPM
  • OD
  • PharmD
  • NP
  • PA
  • DC
  • CPA
  • PhD
  • RN

First United Bank And Trust Company

(OK, TX)

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Online

usually responds within 30 minutes

First United Bank And Trust Company

(OK, TX)

$100M Closed Loans

First United Bank and Trust Company, founded in 1900, is a full-service financial institution offering a wide range of personal, business, and wealth management solutions.

High-income professionals can benefit from First United Bank and Trust Company's wealth management services, including comprehensive financial planning, investment management, and trust services. They also offer personal banking solutions such as mortgage loans, and private and commercial banking. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: Varies
Down payment Financing
%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Western Trust

(AZ, CA, CO, MT, WY)

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Online

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 Bank N.A.

(All 50 States)

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Online

usually responds within 30 minutes

Flagstar Bank N.A.

(All 50 States)

$100M Closed Loans

Flagstar Bank is a full-service bank and one of the largest regional banks in the country, offering a broad range of consumer and commercial financial solutions, including banking, home lending, private banking, and wealth management.

High-income professionals can utilize Flagstar's mortgage products which are specifically built for physicians and other high-income professionals. These loans may have flexible qualifications, lower costs than a conventional mortgage, and low or even no down payment. You must be within 10 years of starting your profession. There are also jumbo loan options up to $3 million. Flagstar Bank N.A. is an Equal Housing Lender | Member FDIC. [ 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

Frandsen Bank & Trust

(MN, WI)

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Online

usually responds within 30 minutes

Frandsen Bank & Trust

(MN, WI)

$100M Closed Loans

Frandsen Bank & Trust, established in 1982, is a full-service, community-oriented financial institution with over 35 locations across Minnesota, North Dakota, and Wisconsin.

High-income professionals can utilize Frandsen Bank & Trust's comprehensive financial services, including planning, wealth management, and private banking. The bank provides personalized strategies to manage, grow, and protect wealth, with a keen focus on individual financial goals and circumstances. [ Read Review → ]

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

Fulton Bank

(DC, DE, MD, NJ, PA, VA)

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Online

usually responds within 30 minutes

Fulton Bank

(DC, DE, MD, NJ, PA, VA)

$100M Closed Loans

Fulton Bank, founded in 1882, is a full-service commercial bank operating across five states, offering a range of financial solutions from personal banking to wealth management.

High-income professionals can take advantage of Fulton Bank's diverse services, including wealth management, financial planning, private banking, and investment services. The bank offers personalized financial strategies, focusing on long-term growth and security. It also provides specialized lending options and deposit solutions to meet unique needs. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1.5 million
5%up to $2 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • PharmD
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

GreenState Credit Union

(All 50 States Except CA)

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Online

usually responds within 30 minutes

GreenState Credit Union

(All 50 States Except CA)

$100M Closed Loans

GreenState Credit Union, founded in 1938, is a member-owned financial cooperative providing diverse banking services to more than 350,000 members across the United States.

High-income professionals can take advantage of a variety of services from GreenState Credit Union. These include exclusive checking and savings accounts with competitive interest rates, extensive loan options, wealth management and investment services, retirement planning, and insurance services, all designed to optimize their financial growth and security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • NP
  • PA
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Happy Bank

(AL, AR, FL, TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Happy Bank

(AL, AR, FL, TX)

$100M Closed Loans

Happy Bank, founded in 2001, is an online financial institution offering a range of services including checking accounts, savings accounts, loans, and credit cards, with a commitment to providing outstanding customer service and innovative, user-friendly digital platforms.

High-income professionals can take advantage of Happy Bank's comprehensive financial services. These include personalized wealth management, high-yield savings accounts, exclusive credit opportunities, and tax optimization strategies. The bank also offers bespoke financial consultation to help clients maximize their wealth and achieve financial goals. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $750,000
5%up to $1.25 million
10%up to $1.5 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • OD
  • CPA
  • Fellow
  • Resident
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • PhD
  • RN

Horizon Bank

(IL, IN, MI)

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Online

usually responds within 30 minutes

Horizon Bank

(IL, IN, MI)

$100M Closed Loans

Horizon Bank, founded in 1873, is a community-centric financial institution based in Michigan, offering comprehensive banking, investment, and wealth management services.

High-income professionals at Horizon Bank can avail of a range of services, including wealth management, private banking, investment options, estate planning, and tax strategies. The bank also offers tailored financial advice, ensuring optimal asset growth and security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: Varies
Down payment Financing
0%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

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

Online

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

Lake Michigan Credit Union

(FL, MI)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Lake Michigan Credit Union

(FL, MI)

$100M Closed Loans

Lake Michigan Credit Union, established in 1933, is a member-owned financial institution providing a comprehensive range of services including banking, mortgages, and insurance.

High-income professionals can benefit from Lake Michigan Credit Union's services, which include high-yield checking and savings accounts, low-rate mortgages, business and personal loans, and wealth management. The Credit Union also offers comprehensive insurance options and personalized financial advice. [ 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 $1.5 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • CRNA
  • DVM
  • OD
  • 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

Leader Bank

(CT, MA, ME, NH, RI, VT)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Leader Bank

(CT, MA, ME, NH, RI, VT)

$100M Closed Loans

Leader Bank, established in 2002, is a Massachusetts-based community bank that offers personal and business banking services with a strong digital focus.

High-income professionals can take advantage of Leader Bank's comprehensive suite of services. These include personalized banking solutions, mortgage services, commercial lending, equipment financing, and wealth management. Leader Bank prioritizes convenience with online and mobile banking options. [ Read Review → ]

  • Minimum credit score: 640
  • Maximum loan: Varies
Down payment Financing
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • OD
  • Fellow
  • Resident
  • DVM
  • 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)

Match Banks Contact Send Email

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

Mercantile Bank

(IN, KY, MI, OH)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Mercantile Bank

(IN, KY, MI, OH)

$100M Closed Loans

Mercantile Bank, established in 1997, is a Michigan-based community bank specializing in commercial and consumer banking, mortgage lending, and wealth management services.

High-income professionals can take advantage of Mercantile Bank's customized services, including personalized wealth management, tax planning, estate planning, and retirement advice. The bank offers business banking solutions, commercial loans, as well as a full suite of digital banking services. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • PharmD
  • DC
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Michigan State University Federal Credit Union

(IL, MI)

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Online

usually responds within 30 minutes

Michigan State University Federal Credit Union

(IL, MI)

$100M Closed Loans

Michigan State University Federal Credit Union, established in 1937, is a member-owned financial cooperative providing an array of services, including loans, savings, investments, and insurance.

High-income professionals can access a wide range of services from the Michigan State University Federal Credit Union. These include wealth management, investment services, estate planning, and retirement strategies. Additionally, they offer personalized financial planning, business loans, and insurance services. This comprehensive suite of services provides a one-stop solution for [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $3,000,000
Down payment Financing
%up to $3 million
3%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • DPM
  • PharmD
  • PhD
  • RN

Northpointe

(All 50 States Except CA, NY)

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Online

usually responds within 30 minutes

Northpointe

(All 50 States Except CA, NY)

$100M Closed Loans

Northpointe, founded in 1999, is a Michigan-based online banking institution providing comprehensive financial services, including checking, savings, and loans.

High-income professionals can leverage Northpointe's comprehensive financial services, which include high-yield checking and savings accounts, competitive mortgage loans, and tailored lending options. The firm also offers personalized wealth management and investment strategies to optimize asset growth. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $850,000
10%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • DC
  • CRNA
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Northwest Bank

(IN, MD, MI, NY, OH, PA)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Northwest Bank

(IN, MD, MI, NY, OH, PA)

$100M Closed Loans

Northwest Bank, established in 1896, is a community-based financial institution providing a range of personal, business, and investment services across the Midwest.

High-income professionals can access a range of specialized services at Northwest Bank. These include personalized wealth management, tax-efficient investment strategies, and estate planning. The bank also offers private banking services, such as tailored mortgage solutions and premium banking products. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $950,000
5%up to $1.25 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Notre Dame Federal Credit Union

(AZ, IN)

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Online

usually responds within 30 minutes

Notre Dame Federal Credit Union

(AZ, IN)

$100M Closed Loans

Notre Dame Federal Credit Union, founded in 1941, is a member-owned, not-for-profit financial cooperative serving the Notre Dame community with diversified banking services.

High-income professionals can take advantage of Notre Dame Federal Credit Union's services which include exclusive checking accounts, high-yield savings, wealth management, mortgage solutions, and personal loans. Comprehensive insurance plans and specialized financial advice are also offered to cater to their unique financial needs and goals. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $900,000
Down payment Financing
0%up to $900,000
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • CRNA
  • NP
  • JD
  • RN
  • DPM
  • DVM
  • OD
  • PharmD
  • PA
  • DC
  • CPA
  • PhD

Old National Bank

(IA, IL, IN, KY, MI, MN, WI)

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Online

usually responds within 30 minutes

Old National Bank

(IA, IL, IN, KY, MI, MN, WI)

$100M Closed Loans

Old National Bank, founded in 1834, is an Indiana-based financial institution offering a broad range of services including retail and commercial banking, wealth management, and investment services.

High-income professionals can utilize Old National Bank's services for personalized wealth management, including investment management, trust services, and private banking. They also provide retirement plan services, estate planning, and philanthropy management, ensuring comprehensive financial care. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $750,000
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
  • JD
  • DC
  • CPA
  • PhD
  • RN

PNC Bank

(All 50 States Except AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

PNC Bank

(All 50 States Except AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY)

$100M Closed Loans

PNC Bank, established in 1845, is a comprehensive financial services corporation offering a wide range of services including retail banking, asset management, and corporate banking.

High-income professionals can benefit from PNC Bank's tailored wealth management and financial planning services. These include investment advising, estate planning, and private banking. PNC also offers specialty services such as asset management for executives and business succession planning. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
5%up to $1 million
10%up to $1.5 million
15%up to $2 million
20%Varies
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Prosperity Bank

(OK, TX)

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Online

usually responds within 30 minutes

Prosperity Bank

(OK, TX)

$100M Closed Loans

Prosperity Bank, founded in 1983, is a Texas-based financial institution providing a range of services including retail banking, loans, and investment solutions.

High-income professionals at Prosperity Bank benefit from a range of services including asset management, business loans, mortgage services, financial planning, and wealth management. The bank's expertise extends to estate planning, investment services, and private banking, ensuring comprehensive financial solutions. [ Read Review → ]

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

Red River Bank

(LA)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Red River Bank

(LA)

$100M Closed Loans

Red River Bank, founded in 1998, is a community-oriented financial institution based in Louisiana, offering comprehensive banking services to individuals and businesses.

High-income professionals can benefit from Red River Bank's array of services, including comprehensive wealth management, personalized private banking, and estate planning. They also offer specialized loan services, tailored investment strategies, and dedicated financial advisors to guide clients in maximizing their wealth and financial security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $1 million
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

S&T Bank

(OH, PA)

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S&T Bank

(OH, PA)

$100M Closed Loans

S&T Bank, established in 1902 in Pennsylvania, is a full-service financial institution offering a wide array of banking products like mortgages, savings, loans, and investment services.

High-income professionals can utilize S&T Bank's wealth management and financial planning services. These include personalized investment strategies, comprehensive retirement plans, insurance solutions, and trust and estate services. S&T Bank also offers private banking with exclusive benefits, such as premium interest rates and priority processing. [ Read Review → ]

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

Sandy Spring Bank

(DC, MD)

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usually responds within 30 minutes

Sandy Spring Bank

(DC, MD)

$100M Closed Loans

[ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • JD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • DC
  • CPA
  • PhD
  • RN

Shoreham Bank

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

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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

Simmons Bank

(AR, IL, KS, MO, OK, TN, TX)

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Simmons Bank

(AR, IL, KS, MO, OK, TN, TX)

$100M Closed Loans

Simmons Bank, founded in 1903 in Arkansas, is a full-service financial institution offering a range of banking products and services in multiple states across the US.

High-income professionals can benefit from Simmons Bank's range of services, including wealth management, private banking, investment services, and financial planning. The bank offers personalized solutions tailored to meet their unique financial needs and goals. [ Read Review → ]

  • Minimum credit score: 640
  • Maximum loan: $417,000
Down payment Financing
0%up to $417,000
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • DPM
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Southstate Bank

(AL, FL, GA, NC, SC, VA)

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Southstate Bank

(AL, FL, GA, NC, SC, VA)

$100M Closed Loans

Southstate Bank, founded in 1934, is a regional financial institution serving the Southeastern US, providing a range of banking services including loans, deposits, and wealth management.

High-income professionals can leverage Southstate Bank's comprehensive financial services, including premium checking accounts, wealth management, and private banking. These services are tailored to optimize the management of significant assets and investments, provide tax-efficient strategies, and ensure financial growth. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,250,000
Down payment Financing
0%up to $1.25 million
5%up to $1.5 million
10%up to $2.25 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Synovus Bank

(AL, FL, GA, SC, TN)

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Synovus Bank

(AL, FL, GA, SC, TN)

$100M Closed Loans

Synovus Bank, established in 1888, is a financial services company based in Columbus, Georgia, offering commercial and retail banking, investment, and mortgage services across the Southeastern United States.

High-income professionals at Synovus Bank can access a suite of services including wealth management, private banking, and estate planning. The bank offers tailored financial strategies, asset management, and lending solutions. Insurance services and philanthropic planning are also available. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

TD Bank

(CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT)

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usually responds within 30 minutes

TD Bank

(CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT)

$100M Closed Loans

TD Bank, founded in 1852, is a leading North American banking service, offering a comprehensive range of retail, small business, and commercial banking products and services.

High-income professionals are catered to by TD Bank through distinct services such as wealth management, private banking, and estate planning. This includes personalized financial strategies, access to dedicated banking specialists, and advice on wealth preservation and transfer. [ Read Review → ]

  • Minimum credit score: 700
  • 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

The Federal Savings Bank

(CO, CT, DC, GA, IA, IL, IN, KY, MA, MD, MI, MN, MS, MT, NC, ND, NJ, NY, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY)

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The Federal Savings Bank

(CO, CT, DC, GA, IA, IL, IN, KY, MA, MD, MI, MN, MS, MT, NC, ND, NJ, NY, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY)

$100M Closed Loans

The Federal Savings Bank, founded in 2000, is a veteran-owned, federally chartered bank offering mortgage services and banking products nationwide.

High-income professionals can leverage The Federal Savings Bank's services for tailored banking solutions. These include wealth management, personalized mortgage options, and private banking. The bank also provides advisory services for investment strategies, optimizing financial assets, and long-term financial planning. [ 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 $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

The Huntington National Bank

(CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY)

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The Huntington National Bank

(CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY)

$100M Closed Loans

The Huntington National Bank, established in 1866, is a full-service banking provider serving consumers, small businesses, and commercial markets primarily in the Midwest and Southeast U.S.

High-income professionals can leverage Huntington National Bank's wealth management services, which include financial planning, investment management, private banking, and trust services. These offerings are designed to optimize wealth growth, sustain income, and secure financial futures. [ 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 $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Truist

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

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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

UMB Mortgage Solutions

(AZ, CO, KS, MO, NE, OK, TX)

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UMB Mortgage Solutions

(AZ, CO, KS, MO, NE, OK, TX)

$100M Closed Loans

UMB Mortgage Solutions, founded in 1913, offers comprehensive mortgage services including origination, processing, underwriting, and servicing, with a robust online platform.

High-income professionals can utilize UMB Mortgage Solutions for tailored mortgage plans. They offer specialized mortgage products, including jumbo loans. Their service provides personalized support, dedicated advisors, in-depth consultations, and a fast, streamlined application process. Their focus is on providing optimal solutions for high-value real estate purchases. [ Read Review → ]

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

Union Bank And Trust Company

(KS, NE)

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usually responds within 30 minutes

Union Bank And Trust Company

(KS, NE)

$100M Closed Loans

Union Bank and Trust Company, founded in 1917, is a full-service financial institution located in Nebraska, offering a broad range of banking, investment, and insurance services.

High-income professionals can leverage Union Bank And Trust Company's comprehensive wealth management services. These include investment management, financial planning, private banking, and trust services. UBT facilitates seamless banking transactions, ensuring asset growth and security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $500,000
5%up to $1 million
10%Varies
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

United Community Bank

(AL, FL, GA, NC, SC, TN)

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usually responds within 30 minutes

United Community Bank

(AL, FL, GA, NC, SC, TN)

$100M Closed Loans

United Community Bank, founded in 1950, is a regional US bank offering comprehensive financial services, known for its customer-centric approach and community involvement.

High-income professionals can benefit from United Community Bank's diverse services, including wealth management, retirement planning, and private banking. The bank also offers customized lending solutions, insurance services, and investment strategies tailored to meet individual financial goals. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $766,550
5%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • NP
  • PA
  • DPM
  • OD
  • CRNA
  • PharmD
  • JD
  • DC
  • CPA
  • PhD
  • RN

University Federal Credit Union

(TX)

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usually responds within 30 minutes

University Federal Credit Union

(TX)

$100M Closed Loans

University Federal Credit Union, founded in 1936, is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to its members.

High-income professionals can leverage University Federal Credit Union's services for a variety of financial needs. These include premium checking accounts, high-yield savings options, personal and home loans, wealth management, and financial planning. Credit cards with competitive rewards are also on offer. The institution provides online banking for easy access [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $850,000
5%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • DPM
  • OD
  • JD
  • DC
  • CPA
  • PhD
  • RN

Washington Trust Mortgage Company

(CT, MA, NH, RI)

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usually responds within 30 minutes

Washington Trust Mortgage Company

(CT, MA, NH, RI)

$100M Closed Loans

Washington Trust Mortgage Company specializes in originating residential real estate mortgage loans, including construction, purchase, and refinancing, through their offices in Massachusetts, Connecticut, and Rhode Island.

High-income professionals can benefit from a range of specialized services offered by Washington Trust Mortgage Company. These services include comprehensive wealth management and financial planning. For those seeking home financing, Washington Trust Mortgage provides mortgage services designed to meet the unique needs of high-income clients, including options for construction, purchase, and refinancing of luxury properties. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $750,000
5%up to $1.25 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

Wesbanco Bank

(DC, IN, KY, MD, OH, PA, WV)

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Wesbanco Bank

(DC, IN, KY, MD, OH, PA, WV)

$100M Closed Loans

Wesbanco Bank, founded in 1870, is a diversified and balanced financial services company, providing a wide range of personal and business banking solutions across the US.

High-income professionals can leverage Wesbanco Bank's services such as tailored wealth management, comprehensive financial planning, private banking, and trust services. The bank also offers specialized lending options, investment management, and estate planning services. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: Varies
Down payment Financing
5%Varies
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • 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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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

Physicians are medical professionals who have worked hard to achieve their goals. Unfortunately, this hard work has oftentimes come with a sizable financial investment and debts. This can limit a doctor’s options when it comes to getting a conventional mortgage. Physician loans, or so-called “doctor mortgages,” have stepped in to address this need, providing future doctors with the financing they need to fund their medical education.

Find a lender offering physician loans in your state

What is a physician loan?

A physician loan is a loan program designed specifically for the unique financial profile of a doctor. It is a subset of the mortgages for professionals that many banks offer. A physician loan offers fewer restrictions than a conventional loan, based on the premise that the borrower has high income or solid future earning potential. This helps doctors and medical students overcome certain hurdles they might face with traditional loans, including:

  • Little or no established credit
  • No large cash reserves (e.g. down payment)
  • Not yet started employment
  • Bad debt-to-income ratio due to student loans

In traditional lending scenarios, a doctor is often seen as a credit risk, primarily due to their high debt-to-income ratio. Banks have designed these financial products as an alternative that acknowledges the value doctors can bring to a financial institution in the long term.

The components of a doctor loan

While products may vary from one bank to the next, the following are the main components one will typically see in a doctor mortgage:

Low to no down payment requirements. When the average mortgage often comes with down payment requirements as high as 20% of purchase price, doctor mortgages can require far less. In some scenarios, banks may even offer doctors 100% financing with no money down.

Relaxed documentation requirements. Traditional mortgages, especially since the financial crisis, involve extensive income documentation and most of the time banks require W-2 income. Meanwhile, doctors applying for a physician mortgage may only need to submit signed off letters or an employment contract showing that their employment will start in the next three months. Self-employed doctors, too, will find more relaxed income verification procedures and may not need to submit as many years of tax returns as they might with a conventional loan.

No PMI. Conventional loans come with required PMI, or private mortgage insurance. This protection for lenders was consolidated in the aftermath of the 2008 crisis at the federal level. With a physician’s loan, there is no required PMI, even though there may be no required down payment. Not having to pay PMI could save you thousands of dollars.

Easier consideration for student loans. A doctor’s debt-to-income ratio is usually one of the most problematic aspects in an application during the underwriting process. This is typically due in large part to the sizable student loan debt doctors take on to pay for school.

In conventional lending scenarios, a financial institution might see this as a barrier to approval. With doctor loans, a bank takes into consideration that a doctor will have a lot of student debt and, therefore, leverages easier terms when it comes to factoring debt into the applicant’s overall viability.

How physician loans work

Physician home loans are similar in many respects to conventional mortgages. They differ in the larger sense in that they are designed for the specific needs of physicians and other high-income professionals.

These physician loan programs require no private mortgage insurance with the reasoning that the financial institution has “protections” in place based on a physician’s  high income and reliable employment. These mortgages also eliminate amortized student loan repayments as a factor in DTI ratio calculations, accepting lower, income-based payments instead. Down payments are not required, either. These loans “work” in this way because the bank expects to benefit from a strong customer relationship with a doctor in the long term. As such, the financial institution is willing to make accommodations via these offerings to professional customers.

15 Best physician mortgage loan lenders

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Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Podiatrist (DPM)

Laurel Road

(All 50 States)

$10M+ Closed Loans

Laurel Road used to be an independent bank but is now owned by Keycorp and part of the Keybank family. They focus on financial products for healthcare professionals.

Laurel Road has a middle of the road doctor mortgage program. It's available in all 50 states but limited to healthcare professionals and only goes up to $1 million. Retired doctors are not eligible. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Podiatrist (DPM)

Down payment Financing
0% up to $1 million
  • Minimum credit score: Not disclosed
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: No
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Podiatrist (DPM)

Keybank

(All 50 States)

$10M+ Closed Loans

Keybank is a major national bank based in Ohio with a competitive doctor mortgage program. They also lend across a large part of the United States.

The Keybank doctor mortgage program does not require you to be a minimum or maximum number of years out of medical school to qualify. They also offer large mortgage options if needed and part of your down payment can be supplied in money that you've received as a gift. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Podiatrist (DPM)

Down payment Financing
0% up to $1 million
5% up to $1.5 million
15% above $2 million
  • Minimum credit score: 700
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Veterinarians (DVM), Lawyer (JD), Nurse (CRNA/NP), Optometrist (OD), Veterinarian (DVM), Pharmacist (Pharm D), Physician Assistant (PA), Certified Public Accountant (CPA)

Amplify

(TX)

$10M+ Closed Loans

Amplify is a regional credit union that only lends in the state of Texas. What they lack in geographic scope, they make up with in terms of availability for most professional degrees.

Amplify's professional mortgage program covers a wide range of professionals, including probably yours too. The program is limited to Texas, so if you live outside Texas you'll have to find another lender. They only lend on owner-occupied properties, so you can't use these loans for investments. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Veterinarians (DVM)

Down payment Financing
5% up to $1.25 million
10% up to $1.5 million
20% above $1.75 million
  • Minimum credit score: Not disclosed
  • Maximum loan: $1.75 million
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not disclosed
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Veterinarians (DVM)

Alerus

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

$10M+ Closed Loans

Alerus is a national bank but one that you might not know. They are headquartered in North Dakota but provide mortgage across the country.

Alerus has some other interesting features, including a $20,000 closing guarantee. It's a benefit paid to the seller if the loan doesn't close per the terms of the pre-approval letter. In other words, it's something you can use to make your offer look more attractive in a competitive market. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO), Dentist (DMD/DDS), Veterinarians (DVM)

Down payment Financing
0% up to $750 thousand
5% up to $1 million
10% above $1.5 million
  • Minimum credit score: Not disclosed
  • Maximum loan: $1.5 million
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not disclosed
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Lawyers(JD), Residents, Fellows

US Bank

(All 50 states)

$500M+ Closed Loans

US Bank has a great doctor mortgage program but it isn't advertised on the bank's website. You'll have to contact them directly.

US Bank is able to lend in all 50 states, meaning this program is available to most of the country's doctors and physicians. The downside is that the program is fairly limited. For example, dentists, pharmacists and nurses aren't eligible. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Lawyers (JD), Residents, Fellows

Down payment Financing
5% up to $1 million
10% up to $1.5 million
15% up to $2 million
  • Minimum credit score: 700
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO)

First Financial Bank

(TX)

$10M+ Closed Loans

First Financial Bank has a physician loan program for Texas doctors that offers 0% financing up to a limited amount.

First Financial Bank has a local Texas doctor mortgage program that may be worth checking out if you want to check every possible rate available. The 0% down financing is limited to a small amount but they can do 5% down up to $1 million which opens up the program to doctors looking for houses in that range. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO)

Down payment Financing
0% up to $510 thousand
5% up to $1 million
10% above $1 million
  • Minimum credit score: Not disclosed
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Not disclosed
  • Construction loans available: Not disclosed
  • Income history: Not disclosed
  • Rate options: Fixed and ARMs
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Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD/DDS) Lawyer (JD), Veterinarian (DVM), Fellow, Resident, Physician Assistant (PA), Nurse (CRNA/NP), Certified Public Accountant (CPA)

Extraco Banks

(TX)

$10M+ Closed Loans

Extraco Bank has both a physician loan and professional loan option. Both the physician loan and professional loan provide 100% financing options.

Extraco only operates in the state of Texas, making them a limited option. However, if you're in the state of Texas that's good news. The program also includes a broad range of professionals such as nurses, physician assistants and even CPAs. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD/DDS) Lawyer (JD), Veterinarian (DVM), Fellow, Resident, Physician Assistant (PA), Nurse (CRNA/NP), Certified Public Accountant (CPA)

Down payment Financing
0% up to $750 thousand
3% up to $1 million
10% up to $1.5 million
  • Minimum credit score: 660
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: Not disclosed
  • Income history: Not disclosed
  • Rate options: Fixed and ARMs
Loan Officer
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Fellow, Resident, Optometry (OD), Pharmacist (PharmD), Lawyer (JD), Nurse (CRNA/NP), Veterinarian (DVM), Chiropractor, Podiatrist

Regions Bank

(AL, AR, FL, GA, IL, IA, IN, KY, LA, MS, MO, NC, SC, TN, TX)

$500M+ Closed Loans

Regions Bank has a broad program that offers 0% down to doctors and dentists, while requiring 3% down for other professionals.

Regions Bank is one of the "big banks" that offers a doctor mortgage to a broad group of professionals. They can also help with construction projects with a one-time close construction to permanent loan. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Fellow, Resident, Optometry (OD), Pharmacist (PharmD), Lawyer (JD), Nurse (CRNA/NP), Veterinarian (DVM), Chiropractor, Podiatrist

Down payment Financing
0% up to $750 thousand
5% up to $1 million
  • Minimum credit score: 700
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Fellow, Resident, Optometry (OD), Pharmacist (PharmD), Lawyer (JD)

UMB Bank

(AZ, CO, KS, MO, NE, OK, TX)

$500M+ Closed Loans

UMB Bank has one of the few 0% down mortgages available to lawyers, so is popular among the attorney crowd. They have a small footprint but can be a good bet for doctors too.

The UMB Bank program is limited to just seven states, so that's a major downside if you are outside of their lending footprint. The good news is that a wide range of doctors qualify for the program, including Pharmacists and Optometrists, both of which are sometimes excluded from lending programs. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Optometrists (OD), Pharmacists (Pharm D)

Down payment Financing
0% up to $1 million
5% up to $1.5 million
10% up to $2 million
  • Minimum credit score: 700
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: No
  • Construction loans available: No
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Fellow, Resident, Physician Assistant (PA), Nurse Practitioners (NP), Veterinarians (DVM), Attorneys (JD), Certified Financial Analyst (CFA), Certified Public Accountant (CPA)

First National Bank of Omaha (FNBO)

(CO, IA, IL, KS, MO, NE, SD, TX, WY)

$500M+ Closed Loans

First National Bank of Omaha (FNBO) has one of the most expansive professional mortgage programs on the market with the ability to finance multiple degree types.

Unfortunately, they have a small lending footprint, including only being able to lend in Texas in the Dallas/Fort Worth area. We're always trying to convince them to expand the program and recently they added the ability to finance condos. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Fellow, Resident, Physician Assistant (PA), Nurse Practitioners (NP), Veterinarians (DVM), Attorneys (JD), Certified Financial Analyst (CFA), Certified Public Accountant (CPA)

Down payment Financing
0% up to $850 thousand
5% up to $1.25 million
10% up to $1.5 million
  • Minimum credit score: 680
  • Maximum loan: $1.5 million
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Podiatrist (DPM), Fellow, Resident

Truist

(AL, AR, CA, CT, DC, DE, FL, GA, IN, KY, MA, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV)

$500M+ Closed Loans

Truist was formerly known as SunTrust and has historically been a strong player in the doctor mortgage world, thanks to a strong physician home loan program.

Medical professionals with a job offer can close up to 90 days prior to the start date. For doctors and dentists with 10 to 15 years post-training experience, 89.99% financing is available for up to $1.5 million. Truist won’t let you borrow outside of your debt-to-income ratio of 43%, but your student loan payment can be excluded from the debt component if the student loans are deferred for at least 12 months at the time of closing. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Podiatrist (DPM), Fellow, Resident

Down payment Financing
0% up to $1 million
5% up to $1.5 million
20% up to $2 million
  • Minimum credit score: 680
  • Maximum loan: Contact to discuss
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Pharmacist (Pharm D), Attorney (JD), Veterinarian (DVM), Physician Assistant, Registered Nurse (RN/NP/CRNA), ATP Pilots, CPA

Flagstar Bank

(All 50 States)

$500M+ Closed Loans

Flagstar Bank was chartered in 1987 and holds around $23 billion in assets, making it a medium sized bank. However, they punch above their weight when it comes to mortgages.

The bank is the sixth largest bank mortgage originator nationally. They only offer ARM products when it comes to doctor mortgages but their ability to lend in all 50 states means they're a player at every closing. There is no application fee or prepayment penalties. They also offer a float down, buy down, and recast option. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Dentist (DMD, DDS), Pharmacist (Pharm D), Attorney (JD), Veterinarian (DVM), Physician Assistant, Registered Nurse (RN/NP/CRNA), ATP Pilots, CPA

Down payment Financing
0% up to $1 million
5% up to $1.5 million
20% up to $2 million
  • Minimum credit score: 700
  • Maximum loan: $2,500,000
  • Residents / fellows accepted: Yes
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: ARM Only
Match Banks Contact Send Email

Online

usually responds within 30 minutes

Eligible degrees & accreditations:

Medical doctor (MD/DO); Oral Surgeons (OMS), Podiatrist (DPM)

First Horizon Bank

(AL, AR, CT, GA, FL, LA, MS, NC, NJ, NY, SC, TN, TX, VA)

$500M+ Closed Loans

First Horizon Bank has one of the hottest doctor mortgages available as they can lend up to $1.5 million at 0% down.

Being able to lend such a large amount at 0% down is particularly helpful in states like New Jersey, New York and Texas where home prices have risen sharply in the past decade. The only downside is that the program has strict eligibility requirements and folks like dentists and lawyers aren't eligible. [ Read Review ]

Eligible degrees & accreditations:

Medical doctor (MD/DO); Oral Surgeons (OMS), Podiatrist (DPM)

Down payment Financing
0% up to $1.5 million
5% up to $2 million
10% up to $2.5 million
  • Minimum credit score: 680
  • Maximum loan: $2.5 million
  • Residents / fellows accepted: No
  • Construction loans available: Yes
  • Income history: Not required
  • Rate options: Fixed and ARMs

Doctor loan mortgage eligibility requirements

While the name may make it sound as if these types of mortgages are limited to MDs in the healthcare field, they are actually open to a wide range of medical doctors and highly paid professionals. Who exactly is eligible for a doctor mortgage? The list includes other medical professionals, as well as professionals in other fields. High-income individuals who may qualify for a doctor mortgage include:

  • Optometrists
  • Dentists (DDS or DMD)
  • Veterinarians
  • Podiatrists (DPM)
  • Accountants (CFP or CFA)
  • Attorneys
  • CRNAs
  • Physician assistants (PA)
  • Nurse practitioners (NP)
  • Medical residents

Anyone with a high-paying professional job may qualify. Beyond that, applicants need to consider other issues related to qualification, including their student loan debt.

Qualifying with student loans

As referenced earlier, student debt is always a concern for individuals applying for mortgages. High student debt throws an applicant’s DTI ratio off, disqualifying them from many financial products.

How can one qualify for a doctor mortgage with large amounts of student debt? There’s generally two ways. 

Find a program that doesn’t care about your student loan debt. Many doctor mortgages are portfolio products, meaning that the bank is using the cash on its balance sheet to fund the loans. The bank holds the loans in its own portfolio. That means the bank’s underwriters control the approval parameters, which means you can find banks that understand that as an endodontist you have $500,000 in student loans. You may have to search a little harder but those kind of programs are out there.

Use your IDR payments. If you’re on an income-driven repayment plan like IBR, PAYE or REPAYE, generally a physician mortgage lender is only going to look at your total required student loan payment and not the total amount owed. Conventional mortgages will default to a fully amortizing payment which could be significantly higher than your IBR payment. Also, many physician loan lenders will exclude any debt that is deferred for at elast 12 months front he data of closing.

Minimum credit scores for physician loans

One caveat to the myriad benefits that come with doctor mortgages is the fact that applicants must have a good FICO score. A “good” FICO score for the purposes of a doctor mortgage is in the range of 720 to 740 points. In scenarios in which a doctor has 6 to 12 months of cash reserves, a lender may approve a borrower with a score as low as 680.

If you have a credit score below 720, you probably aren’t ready to buy a house anyway as it implies you have other financial priorities that should be taken care of first. Pay off your credit cards (but don’t close them as they can lower your credit score), catch up on any missed payments, clean up any inaccurate information on your credit report and don’t miss any payments going forward. That should get you to a score above 720 relatively soon. It may take a year to clear up your score but that’s probably a good thing before you commit to purchasing a house.

Property qualification requirements

Banks also take into consideration the type of property for which an individual needs a physician loan. In general, doctor mortgages are only extended to primary residences and only vary rarely for investment properties. In some scenarios, a bank may approve a mortgage for a second home, but this is far less common than for primary homes. If you want a physician loan for a vacation property, we can help you find one but you may not have as many options.

Are physician home loans a good idea?

All that said, are doctor mortgages a good idea for you as an applicant? It all depends on your financial picture. A good approach to take can be to weigh the advantages and disadvantages of taking out a physician loan.

Reasons to take out a physician loans

Physician loans come with several advantages, including:

  • No PMI, saving the borrower money
  • High loan-to-value is OK (i.e. low or no down payment required)
  • High loan limits
  • Special consideration of student debt
  • Fixed-rate and adjustable-rate mortgage options

Applicants can also close on a home before they even begin working. Professionals with a signed contract can qualify for a doctor mortgage and close on a house as early as 90 days before they start working.

Reasons to avoid physician loans

In some situations, taking out a physician loan could put you in a compromised position. Applicants for these types of products typically don’t have much cash on hand for a down payment, meaning it may not be the right time to purchase a home. These borrowers are, of course, sometimes already burdened with extensive debt. Taking on the additional debt of a home loan will only compound the situation. Just because a bank will lend you money doesn’t mean you should borrow it.

Physician loan vs. conventional loan when home buying

All of this does come with a catch, however. Physician loans typically come with a higher interest rate than a conventional loan in which the applicant has put 20% down. This is one of the most significant differences between physician loans and conventional loans.

What are some other distinctions between these two financial products? The loan limits can be much higher on doctor mortgages, offering limits as high as $2,000,000 or more. Conventional loan limits can average out at just below $647,200 before you cross into jumbo territory.

Conventional loans sometimes have lower credit score requirements. A physician loan can require credit scores as high as 700+, while a conventional loan may go as low as 620 in the commercial sector and even lower with a Fannie-backed loan.

Examples of doctors who take out physician mortgage loans

Who are the doctors qualifying for physician loans? Let’s walk through some examples that illustrate typical borrowers so that you can understand the process more clearly and determine whether or not a doctor mortgage is right for you.

A doctor who doesn’t have a down payment

Imagine this scenario: Valerie has just graduated from med school. She has a job lined up, but she is also at the beginning of a very long process of digging out from under all the student debt she accrued during medical school. She has no cash on hand, as a result, and nothing for a down payment. Her parents have already helped her along the way, and she is loath to ask them for help again with a gift for the down payment.

Valerie has an employment contract in hand, and her salary will be more than satisfactory. She is also happy with the location of her job and wants to stay in the area in the long term, so homeownership makes sense. A doctor mortgage is the best option for her, giving her away to establish roots now so that she can focus on her career.

A doctor who has too much student loan debt

Sam is beginning to establish himself as a prominent name in plastics in his area. It is clear he has great earning potential in the near and long term and he’s ready to buy his first home. Making payments on any loan will not be a problem.

Given his significant student debt, however, he would never qualify for a conventional mortgage. Everything else looks good on paper for him and the time is right to buy. A doctor mortgage is the best way forward for him.

A doctor who wants to maximize leverage

Sanjay has been running a dermatology practice for several years now. He has an established reputation, impressive income and money invested. The time is right to buy a home, and there is an option right down the street from his practice.

The catch is that Sanjay does not want to liquidate his investments and use the cash for a down payment. He prefers to keep the money where it is doing quite well. Applying for a physician loan makes sense for Sanjay, as he can access a loan with little to no money down.

A doctor who gets the best rate through a doctor loan

Oftentimes, doctor mortgages can come with rates that are anywhere from 0.125 to 0.25 points higher than conventional loans. Joan, however, has heard about a bank in her area that is offering competitive rates to professionals such as herself. The terms are impressive because the bank understands the value of a doctor or other professional as a long-term client. The bank may get a smaller rate of return on this financial product, but they know that Joan will be a good customer for years to come, especially given her income. Joan decides to take advantage of this offer and take out a doctor mortgage.

Drawbacks of the doctor loan

There are some drawbacks to consider with doctor loans. One drawback is that you may not get the tax deduction on the mortgage interest that you would expect. Tax laws have changed recently to raise the bar on standard deductions, meaning that most people these days are taking the standard deduction and therefore not benefiting from the ability to deduce home mortgage interest. This means that you get no more tax benefit from owning than you would from renting.

A second drawback to consider is that a physician loan can often come with a higher interest rate than a conventional mortgage. While the advantages may outweigh this disadvantage in the long term, it is something to keep in mind when applying for a physician mortgage.

Physician loan alternatives

Before taking out a physician loan, it is always important to weigh all of your options. The following are some of the alternatives to a physician loan that you will want to consider before making a decision.

FHA loans

An FHA loan is a government-backed mortgage designed for buyers who may not qualify for a conventional loan due to lower credit scores or poor debt-to-income ratios. Some FHA loans even go to individuals with bankruptcies on their records. Lenders may also accept a lower down payment on an FHA and roll your closing costs into your mortgage.

There are some requirements that come with FHA loans:

  • Any home purchased with an FHA loan must be appraised by an FHA-approved appraiser.
  • Any home purchased with an FHA loan must serve as the buyer’s primary residence, and the buyer must occupy the home within 60 days of closing.
  • ·Any home purchased with an FHA loan must undergo an inspection, and that inspection must show that the home meets certain minimum standards.

Buyer requirements are far less stringent with FHA loans. Someone applying for one of these government-backed loans can put as little as 3.5 percent down. Qualifying credit scores, too, can be as low as 580 or higher. If a buyer can put 10 percent down on the home, their score can be as low as 500, in some cases.

VA loans

Professionals who have served in the military can also consider going with a VA loan. With a VA loan, applicants go through a conventional mortgage process. The difference is that the Veterans’ Administration guarantees a portion of the loan, making it easier for banks to approve less qualified applicants and allowing buyers to get more favorable terms on a loan. 

A VA loan comes with some pretty sizable advantages beyond the guarantee, including:

  • No down payment required by the VA (a lender may require a down payment)
  • Competitive, low interest rates
  • Limited closing costs
  • No PMI

This is also a lifetime benefit extended to those in the armed services. That means that an individual can use the program multiple times throughout their lives for multiple purchases. 

Saving for a 20% down payment

Another alternative to consider is taking the time to save for a 20% down payment and then applying for a conventional loan. One merit of this approach is that you could end up with a potentially lower interest rate, saving you money over the life of your mortgage. 

With housing prices as high as they are, however, saving 20% can take a significant amount of time, even with a physician’s or professional’s salary. Keep in mind, too, that you will need to rent in the interim, essentially throwing money away that could go towards monthly payments on a doctor mortgage.

A conventional loan with private mortgage insurance (PMI)

If you do not want to take the time to save for a 20% down payment, you also have the option of trying for a conventional loan with PMI. PMI is required for all loans with less than 20% down. In this scenario, of course, you are paying a significant sum each month to protect the lender, not yourself. PMI on a $500,000 home can range from $2500 to $5000 per year— amounts that can really add up over the lifetime of your loan.

How much house can I afford with a physician loan?

If you decide to move forward with a physician loan, just how much house can you afford? A good rule of thumb is to limit your monthly housing costs (monthly mortgage payment plus related expenses) to 36% of your gross monthly income. Other financial advisors recommend limiting yourself to a quarter of your take home pay each month. Remember that housing costs include additional costs on top of your mortgage payment, such as utilities, HOA fees, and taxes.

Also, there’s one important point to consider: You can often qualify for a lot of house with a physician loan. Again, the limits on a doctor mortgage are typically much higher than those offered with other loans. When considering how much house to buy, keep in mind that you don’t have to push the limits. A smaller loan on a more affordable house may well be the best answer in the long term.

I like to say that you should try to keep your loan amount within 2x of your annual income. If you make $200,000, that means you can afford a $400,000 house. This “rule” gets a little loose when you’re on the coasts or living in a high-cost-of-living city. It does not mean that you get to ignore the advice completely and buy a house that is 10x your income. Just know that if you choose to spend more money on a house, you’ll have to cut back in other areas if your goal is to build wealth.

Should I get a big loan and invest the down payment?

Given the high limits of physician loans, some doctors sometimes consider the option of using a 0% down mortgage and investing the down payment they were going to put into the house. 

Is that a good plan? It depends on a variety of factors, including the interest rate you eventually get on your mortgage, as well as the ROI on your investment. The math often says that you’ll make more money investing in the stock market than you would in paying down your mortgage. The math often ignores human behavior and many people trick themselves into thinking they are making the right decision without understanding how they’re actually going to act.

Here’s a few reasons to consider if you’re thinking about leveraging yourself:

Behavior risk. To make this plan work, you actually need to invest the difference and keep investing it for 30 years. You’ll also need to re-invest dividends and never raid the investment fund for another expense. It’s much easier to spend money than it is to keep to that plan.

Market risk. Paying off your mortgage is a guaranteed return. The market’s performance is not guaranteed and the risk of loss is very possible. There’s a reason stock markets and other investments pay a better return and that’s because the risk of losing the capital or seeing sub-par performance is a real thing.

Housing risk. If you take out a 0% mortgage, housing prices tank and you lose your job (things that often happen together), it’s not going to be fun if you need to sell that house because you’re moving to a new location for a new job. You’ll either have to go through a short sale, bring thousands of dollars in cash to the closing table or let the bank foreclose on the property and destroy your credit in the process.

Refinance risk. Thanks to over a decade of historically low interest rates, many homeowners using a physician loan mistakenly think they can accept a higher interest rate today and simply refinance into a lower rate in a couple of years once their house has appreciated in value. This is a mistake for a couple of reasons but is more obvious today with rising interest rates and a dried up refinancing business. Don’t assume that you can refinance.

The process: How to buy a house with a physician loan

If you have decided to proceed with applying for a physician loan, what are your next steps? The following section will walk you through everything you need to do to get a doctor mortgage and purchase the house of your dreams.

Step 1: Assemble your team

You will need a team of professionals to help you with the home purchasing process. While some people try to go it alone, these professionals make the entire process much easier and faster, and they can even help you save money:

Real Estate Agent: Your real estate agent can help you decide many key factors related to your purchase, including how much house you can afford, where to look for the right house and how to build an offer when you do find a house you like. A real estate agent has access to the NMLS and will also know of pocket listings (houses that have not yet hit the NMLS but which are being circulated among real estate agents with the hope that someone can find a buyer before hitting the market).

They also act as your point person with everyone else on your team, making sure everyone is working together in your best interests. You’ll want a real estate agent that is familiar with physician loans so they sell the financing component correctly when making an offer to a seller. I’ve seen many sellers that are unfamiliar with physician mortgages and so think the chance of the buyer’s financing falling through is high even though it’s quite the opposite.

Mortgage Lender: You will also need the right mortgage lender; specifically, one that specializes in physician loans. These professionals can help size the loan to your needs, insure you get the best deal possible, and help you get an idea of the long term implications of your loan.

Generally, I recommend that you find 3 to 4 mortgage loan officers that you like, seem responsive and have competitive programs and rates. Keep it mind that these loan officers don’t have to come from a national bank. You likely haven’t heard of many of the physician loan lenders.

These loan officers all want your business but are happy to just have a seat at the table when it comes time for you to make a decision. You want people that are friendly, competitive and not going to try and hammer you into an unfavorable loan.

Real Estate Appraiser: Running an appraisal on a home is an essential part of the home buying process. It ensures that the price you’re paying is comparable to similar homes in the area. An appraisal also protects the lender, giving them a realistic idea of their ROI in mortgaging a home to a buyer. Your lender will generally organize the appraisal.

Home Inspector: A home inspector will run the inspection on the home you eventually are interested in buying. This part of the process ensures that you are getting the most value for your money and also protects you from unpleasant defects in a home that you might not discover until after the sale is closed. Your real estate agent should be able to help finding a home inspector.

Step 2: Get pre-qualified (no credit check)

Before you begin looking at houses and get too excited, you need to get pre-qualified for a loan. This process is relatively quick and does not require a credit check, so you won’t see a negative impact on your credit score. 

The mortgage lender looks at your general financial picture, then confirms that you are likely to get approved for a doctor mortgage. They may provide you with a pre-qualification letter as well that includes an estimated amount for which you would be approved. You can then use this letter when viewing homes and making offers.

Step 3: Get pre-approved (requires credit check)

Getting pre-approved is the next step up. Basically, it is confirmation that you will indeed receive a mortgage. This part of the process is much more complex than pre-qualification. The lender will assess income, debts, employment and credit score in detail. Other questions that may come up include:

What kind of credit do you have? Do you have a lengthy and consistent credit history? Do you have your own credit, or are you just an authorized user on another person’s account?

  • What is your current and future income?
  • Are you applying alone or with a partner?
  • What are the terms of your student loans? 

You only need to get pre-approved with one lender. This will be the pre-approval letter that you will include in your offer. The pre-approval letter says that you are approved with one bank and includes all the magic words like member FDIC, equal-housing lender, etc. to get the seller to take your offer seriously. You can always complete an application with multiple lenders once you have a contract in hand.

The right loan officers will support you throughout this process, offering consultation and guidance, as needed.

Step 4: Start viewing houses

Realistically, you’ve been looking at houses on Zillow and Redfin this whole time. But try not to physically step foot into a house until you have a pre-approval letter in hand and are working with a real estate agent.

Trusting your real estate agent in this stage is important. They know what is available out there, and they will have a much more realistic idea of what type of property you can buy with your budget and where that property will be located. Make sure to view multiple houses as well, even if you fall in love with the very first one you see. You always want to weigh your options and have as much data to factor into your final decision as possible.

Step 5: Make offers and sign a contract

Perhaps the most exciting (and nerve-racking) part of the process is when the time comes to make an offer on a home. Remember that not every offer is accepted and you may not get your first choice. Sometimes, too, deals fall through after the fact, whether due to some pain point on the buyer or seller side. Trust in your real estate agent’s guidance during this time. They will draft the offers and understand the best approach in making your offer as appealing as possible.

When the time comes to sign the contract, make sure you review everything closely. Some homebuyers even turn to attorneys during contract review (and some states require it). Your real estate agent can again serve as a helpful guide during this time, as well.

Step 6: Comparison shop physician loans

Go back to the 3-4 loan officers you met at the beginning of the process who have a seat at the table and see what they can offer you. You want to weigh all the options and review the disclosures and terms with a fine-toothed comb. They will be jockeying for your business, so make sure to comparison shop and go back for multiple rounds when you get a better offer from one loan officer.

One important caveat: When looking at rates related to a doctor mortgage outside of the actual purchasing process, do it within six months at a maximum of when you believe you will buy your home. Rates evolve constantly based on inflation rates and the economy. Collecting a bunch of rate offers 1 year before you want to buy may mean that you are actually in for some very different rates come purchase time and is just a waste of time for you and the loan officer.

Renovating a house with a physician construction loan

Finally, there is another option you can consider with a physician mortgage. Did you know that some lenders offer construction loans combined with their professional mortgage products? These products are called physician construction loans and could allow you to make a low down payment but also qualify for the purchase price plus additional funds that could be used to renovate the property.

With the market as tight as it is, this can open up a lot more options for you. Why not look for a house that needs a little love and attention, then use your cash on hand to renovate it?

You can also consider taking advantage of the high limits that can come with doctor mortgages, buying a more affordable home, and then using the extra money you get from the loan to do the renovation as well. Renovations that are done well and with attention to detail can add a lot of value to a home, meaning that you will increase your ROI from day one.

Physician loans are great financial products that come with a lot of benefits. Whether you are a doctor or resident, or another type of professional, these mortgages can give you an easy way to access the funds you need for a home.

Physician loan bank program overviews

Bank of America

Citizens Bank

Fifth Third Bank

Flagstar Bank

KeyBank

Laurel Road

PNC Bank

Regions Bank

SoFi

TD Bank

Truist

US Bank

State-by-state guide to physician loans

Alabama

Alaska

Arkansas

Arizona

California

Connecticut

Colorado

Delaware

District of Columbia

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Massachusetts

Maryland

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

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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