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top expenses for young physicians

Top 7 Expenses for Young Physicians

We dug into Medscape's "Young Physician Compensation Report 2022" to check out where young physicians tend to spend their money. Medscape surveyed 2,000 physicians under age 40. According to the report, compensation is rising for young physicians, yet there are ...
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/ physician expenses, Physician Loans
budgeting

Budgeting During Your Residency

Going into residency can mean moving across the country, a lot of changes in your expenses and financial habits, and trying to balance residency and settling into a new home. Setting up a budget during this time can help bring ...
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/ budgeting, Physician Loans, physician loans, residency
Buy or Rent a Home

Buy or Rent? What Every Medical Resident Should Know

Are you a resident and trying to decide if you should buy or rent a place? It’s an important decision to make, as it can have a huge impact on your budget and lifestyle. In this article, we’ll discuss the ...
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/ physician loan, Physician Loans, physician loans
16 Benefits of a Physician Loan

16 Benefits of a Physician Loan

Physicians can have unique financial situations, and physician loans from Physician Bank can be designed specifically with them in mind. Some of the benefits include the ability to finance up to 100% of the purchase price of a home, no ...
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/ physician loan, Physician Loans, physician loans, physicians loan
Debt to Income

Debt-to-Income Ratio and Tips on How to Improve it

When you're applying for a physician home loan, Physician Bank is going to want to know that you can afford the monthly payments. One way they do this is by looking at your debt-to-income ratio. This number tells us how ...
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/ Physician Loans
Private-Mortgage-Insurance-PMI

What Is PMI and How Does It Work?

Are you feeling confused by all the acronyms that come with mortgages? Let us break down one of the most misunderstood aspects of a mortgage: private mortgage insurance (PMI). This is different from your homeowner’s insurance which covers your property ...
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/ Physician Loans, physician loans, PMI, Private Mortgage Insurance
Should I get a Physician Loan

Should I Get A Physician Loan?

With high interest rates and home prices, many are questioning whether now is the right time to buy a home. Many individuals and families are getting priced out of the market. Doctors, dentists, vets, pharmacists, and other qualified physicians have ...
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/ physician loan, Physician Loans, physician loans, physician mortgage loan
Physician Home Loan - Steps to the Buying Process

Physician Home Loan – Steps of the Home-Buying Process

You’ve heard about physician loans and now you’ve decided to get one. Now what? We’ll walk you through every step of the buying process so you know what to expect and you can feel less anxious and more excited about ...
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/ physician home loan, Physician Loans, physician loans
physician mortgage loan agreement

The Physician Mortgage Loan

If you are a physician looking for a new home, you may be wondering about a physician mortgage loan. What are they and what can I do with them? A physician mortgage loan from Physician Bank is a specific type ...
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/ physician loan, Physician Loans, physician mortgage loan
How to Improve Your Credit Score

12 Steps to a Good Credit Score

If you're thinking about applying for a physician loan, it's important to know what Physician Bank is looking for. A high credit score and a good credit history are two of the most important factors that we consider when approving ...
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/ credit score, physician loan, Physician Loans
Physician with Physician Loan

What You Need to Know About Physician Loans

If you are a licensed physician, doctor, dentist, pharmacist, in residency or other qualifying medical licensee, you may be eligible for a Physician Loan. Physician loans are a type of loan specifically designed for doctors and residents to help them ...
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/ physician loan, Physician Loans, physician loans
Financial Self Care

What Does Financial Self Care Look Like?

Think self-care is just candles and bubble baths? With financial concerns being one of the most common causes of stress, don’t forget to make time for financial self care. It may seem like a trend, but it can make a ...
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/ financial self care, Physician Loans
are traditional savings accounts dead

Are Traditional Savings Accounts Dead?

There's no denying that traditional savings accounts are no longer as popular as they once were. Many people are now questioning whether saving money in a savings account is the best option with all the choices out there. Our customers ...
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/ jumbo deposit, Physician eCentive, Physician Loans, save money, saving money
Physician Loan Agreement

Physician Loan – 42 Answers for Physicians

The purpose of this article is to describe what a physician loan is and how it is used. It will also answer some of the top questions people have regarding physician loans. In addition, we will investigate investment property issues, ...
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/ physician bank loan, physician loan, Physician Loans, physician loans, physician mortgage loan, physicians loan
Physician Bank

Physician Bank – 6 Things to Know About Us

We launched Physician Bank in February 2022. You may be wondering how it's going. The short answer is very well! But wait, you are probably wondering who we are.  To properly introduce you to Physician Bank, here are 6 things we ...
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/ physician bank, physician bank loan, Physician Loans

The 100% financing option while we started our first post-residency job, their rapid and efficient response rate to our questions and our numerous changes in schedule that occurred with our builder, and the absence of PMI were all extremely helpful.

Dr. David Ogden, UT

The entire team was easy to work with & made our loan a seamless process for buying a home. Being able to avoid PMI is an awesome benefit.

Dr. Sayer Mansfield, TX

The Physician home loan was exactly what we needed and our lending specialists, Chris, made buying our home easy and enjoyable.

Dr. Moe Reno, NV

Being able to have a 0% down payment was convenient and made it feasible to buy property right out of school. The Physician Bank team was super easy to work with and responsive to our needs either via text, call or email!

Dr. Catibog Roseville, MN

Kept us informed all throughout the process and was very patient with our questions. We cannot recommend this institution and Julie Velline enough. Thank you!

Dr. Radu Minot, ND

    Physician Bank

    140 North Phillips Avenue Unit 101a, Sioux Falls

    4.9 32 reviews

    • Avatar Ambur Brown ★★★★★ 5 months ago
      Julie Velline is the absolute best! I have bought 8 homes in my lifetime and never have I had such excellent service with my mortgage. She is easy to talk to, responsive, very smart, and informed about mortgage options. She always answered … More all of my questions right away, even in the evening and on weekends. She worked with my real estate agent to make sure that my offer to buy a house was clear and well understood. She even spoke with the sellers agent for us! I whole heartedly recommend her. Thank you for all of your help in buying our dream house, Julie!
    • Avatar Johnny Holm ★★★★★ 3 weeks ago
      I've closed several loans with Matt Velline and have every intention to only use his services in the future! Not only is Matt very experienced and knowledgeable, but makes himself available outside "banker hours!" That is … More a huge benefit to working with him. A true professional and a very patient and thorough loan officer! Matt and Physician Bank are the best!
    • Avatar Jessica Levy ★★★★★ 2 months ago
      Our experience with Matt, Tanya & Juanita has been great! They took the time to answer all of our questions and ensure we felt comfortable throughout the entire process, even with the closing of our home falling over the holidays. We … More are so appreciative of all their support. Would definitely recommend!
    • Avatar Lauren Stipp ★★★★★ 4 months ago
      Matt and Julie were persistent to help us from the first day we introduced ourselves ! They had worked countless hours, days prioritizing us . We are so appreciative of the professional service they provided . Absolutely recommend as we … More had a terrible experience in finding a construction loan up until this point . I cannot emphasize enough what a dream team they are !
    • Avatar Steven Gard ★★★★★ 6 months ago
      Physician Bank associate, Julie, made the difficult home buying process relatively easy for my family and I! It was difficult to find a lending service I could trust that would thoroughly investigate all my options as a new resident coming … More straight out of medical school! Thank You for all your help Julie!
    • Avatar Hannah Thompson ★★★★★ 6 months ago
      Julie Velline made our home buying process so easy! She was phenomenal to work with and always quick to respond to any questions we had!

    Average response time <10 minutes

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