Physician mortgage loans are being offered by more and more banks. Whether it is a good option for you really depends. I discuss my experience using a doctor mortgage in this post. The three main features you will see with most physician loans are:
- No PMI despite a down payment of only 0-10%.
- Special treatment for the student loans (usually that they only take required payments into consideration).
- Will close before you start working by accepting a contract, instead of paystubs, as evidence of future earnings.
Are you interested in a physician mortgage loan? The individuals listed below offer physician mortgage loans for these lenders and are paid advertisers on the blog. We appreciate hearing feedback on these advertisers, both good and bad.
Thank you for supporting those who support this site and our charitable mission. Some of these lenders also offer loans for other high income professionals such as dentists, veterinarians, attorneys, podiatrists, optometrists, accountants, and others. (Lenders- if you would like your name and contact info listed here, contact us for a quote.)
Select Your State
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Fulton Mortgage Company:
DC, DE, MD, NJ, PA, VA
Contact Jim Webster (NMLS #658933) at 240-620-1414 or firstname.lastname@example.org
Iberia Bank/First Horizon:
Lake Michigan Credit Union:
South State Bank:
University Federal Credit Union:
Contact for approved states (email preferred)
Contact: Jonathan Brozek (NMLS #850168) at 916-788-7982 or Jonathan.Brozek@usbank.com
AR, KS, MO, OK
Contact: Jim Secrest (NMLS #1104170) at 913-634-2323 or email@example.com
Contact: Moses Luevano (NMLS #1426259) at (855)4BankMD (422-6563) or firstname.lastname@example.org
BMO Harris Bank:
CrossCountry Mortgage LLC (NMLS #3029):
Consumers Credit Union:
Contact: Greg Wierenga (NMLS #1636813) at 616-446-2567 or email@example.com
Frandsen Bank & Trust:
Fifth Third Bank:
First Citizens Bank:
First Federal Lakewood:
First National Bank of Pennsylvania:
Contact Ken Roos (NMLS# 436834) at 412-951-6793 or RoosK@fnb-corp.com
**Equal Housing Lender. Member FDIC.