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.)
Physician Mortgage Lenders
Select Your State
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Chemical Bank – a division of TCF Nation Bank:
Fifth Third Bank:
First Citizens Bank:
Fulton Mortgage Company:
DC, DE, MD, NJ, PA, VA
Contact Jim Webster (NMLS #658933) at 240-620-1414 or [email protected]
AZ, CA, CO, FL, HI, IL, KS, MA, MI, MO, NV, NJ, NC, OH, OK, OR, PA, TX, VA, WA
Contact: David Henderson (NMLS#1183120) at
Mercantile Bank of Michigan:
Contact: Barbara Reamer (NMLS #783173) at 517-853-2692 Office or 517-256-5364 Cell or [email protected]
Suntrust now Truist:
AR, KS, MO, OK
Contact: Jim Secrest (NMLS #1104170) at 913-634-2323 or [email protected]
Contact: Moses Luevano (NMLS #1426259) at (855)4BankMD (422-6563) or [email protected]
AL, AR, AZ, CA, CO, FL, GA, ID, KS, LA, MA, NM, NV, OH, OK, OR, PA, RI, TN, TX, VA, WA.
Contact Michael Wagner (NMLS# 801156) at 817-310-4017 or [email protected]
BMO Harris Bank:
**Equal Housing Lender. Member FDIC.