HOW MUCH CAN I GET FINANCED FOR A PHYSICIAN HOME LOAN?

95% financing available on physician loans up to $725,000. Property use must be primary residence.

WHAT STEPS SHOULD I TAKE TO GET A PHYSICIAN HOME LOAN?

1. Collect your financial information: Get organized before applying for a physician mortgage loan! Gather essential financial information such as credit score, income statements, and outstanding debts or loans to increase your chances of securing financing. 2. Explore various loan options: Discover the perfect physician loan for your needs! Check out our interest rates, repayment terms, and fees before choosing one to ensure a good fit. 3. Connect with our team: Ready to take the first step towards your goal? Get in touch with us once you have a clear idea of what you need, and we’ll guide you through the loan application process. Don’t forget to have your financial information handy from step 1! 4. Complete the application: Apply with precision! Accurate and comprehensive information is key for us to assess your loan eligibility. We will discover your loan eligibility with the information provided. 5. Please await approval: Your application is important to us. Our team will carefully review your information and promptly make a decision. While it may take a few days to a few weeks to complete this process, we assure you that we are working diligently to provide you with a response. 6. Get your funds quickly and easily: Get the funds you need with our loan approval. But don’t forget to use them responsibly and stay on top of payments to keep your credit score in good standing.

ARE THERE PRIVATE MORTGAGE INSURANCE FEES WITH A PHYSICIAN HOME LOAN?

No There is No Private Mortgage Insurance PMI Fees with a Physician Home Loan With Physician Bank.

WHAT IS THE DIFFERENCE BETWEEN A PHYSICIAN HOME LOAN AND A CONVENTIONAL LOAN?

The biggest difference between Physician Home Loans and loans for conventional mortgages is that they are designed specifically for doctors. This means that they often have lower interest rates and down payment requirements than conventional loans. In addition, they offer more favorable terms and no PMI payments.

Physician Home Loans

Q: WHO QUALIFIES FOR A PHYSICIAN HOME LOAN?

Whether you are a Medical Resident, Medical Fellow, Medical Doctor (MD), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Pediatric Medicine (DPM), Doctor of Osteopath (DO), Pharmacist (Rph – must be a PharmD), Doctor of Veterinarian Medicine (DVM) or a Clinical Nurse Specialist (CNS), Certified Registered Nurse Anesthetist (CRNA), Nurse Practitioner (NP) or Physician Assistant (PA), we can help you get the financing you need.

Q: WHAT IS THE LARGEST PHYSICIAN LOAN AMOUNT I CAN GET AS A PHYSICIAN?

Get up to $2 million in mortgage financing as a qualified physician. Whether you’re a medical resident or a practicing physician, we’ve got you covered. Contact us now to learn about our amazing physician loans program for doctors!

Your Path to Homeownership

Unlocking the dream of homeownership can be an exciting journey, but for physicians, it can also present unique challenges. Balancing the complexities of the housing market with the demands of a medical career may feel like a daunting task. That’s why Physician Home Loans exist – to offer a custom loan solution crafted specifically for doctors. With our Physician Home Loans, doctors can prioritize their patients’ well-being, confident that their housing needs are in trusted hands.

GET STARTED ONLINE

AVERAGE RESPONSE TIME <10 MINUTES

Physician Home Loans For Doctors

Physician Loans are only available through www.physicianbank.com.

up to 97% financing¹
90 day locks²
Leniency towards student loan debt during decisioning³

Options with no private mortgage insurance fees (PMI)
DTI up to 50%⁴
Single family dwellings, townhome, condo and 4-unit owner occupied purchases

Get up to $2 million in mortgage financing as a qualified physician. Whether you’re a medical resident or a practicing physician, we’ve got you covered. Contact us now to learn about our amazing physician loans program for doctors!

Get personalized mortgage loan and banking solutions tailored specifically for licensed physicians in all 50 U.S. states. We offer physician loans, personal and business loans, and private banking services to help you achieve your financial goals. Whether you are a Medical Resident, Medical Fellow, Medical Doctor (MD), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Pediatric Medicine (DPM), Doctor of Osteopath (DO), Pharmacist (Rph – must be a PharmD), Doctor of Veterinarian Medicine (DVM) or a Clinical Nurse Specialist (CNS), Certified Registered Nurse Anesthetist (CRNA), Nurse Practitioner (NP) or Physician Assistant (PA), we can help you get the financing you need.

Enjoy up to 97% financing for up to $806,500 on physician loans, exclusively for your primary residences. Apply now!
Subject to terms and conditions of the lock agreement.
0.5% of student loan balance used as monthly qualifying payment.
Maximum DTI is 50%
Get in touch with us to learn about your loan options! Keep in mind that 97% financing may not be available for physician loans exceeding $806,500 and is subject to approval.

Important Information

Procedures for Opening an Account Mandated by the USA PATRIOT ACT

To help the government fight the funding of terrorism and money laundering activities, the USA PATRIOT ACT, a Federal law, requires all financial institutions to obtain, and record information that identifies each person who opens an account.

What this means for you:

When you open an account, we will ask you for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

Up to 97% Financing Available For our Physician Home Loan

up to 97% financing available on physician loans up to $806,500. Property use must be primary residence.

Student Loan Debt Leniency with a Physician Bank Home Loan for Physicians

Leniency towards student loan debt during decisioning. 0.5% of student loan balance used as monthly qualifying payment.

Physician Mortgage Loans Apply to Single Family Housing and More

Single family dwellings, townhome, condo and 4-unit owner occupied purchases¹.

90-Day Locks For Physician Mortgage Loans

90-Day locks are subject to terms and conditions of the lock agreement.

No Private Mortgage Insurance Fees (PMI) for Physician Loans

Options for No Private Mortgage
Insurance (PMI) Fees

Physician Loans with 50% Maximum Debt to Income

Maximum Debt to Income is 50%.

up to 97% financing available on physician loans up to $806,500. Property use must be primary residence.

Leniency towards student loan debt during decisioning. 0.5% of student loan balance used as monthly qualifying payment.

Single family dwellings, townhome, condo and 4-unit owner occupied purchases¹.

90-Day locks are subject to terms and conditions of the lock agreement.

Options for No Private Mortgage Insurance Fees (PMI)

Maximum Debt to Income is 50%.

Additionally, qualified physicians can obtain physician loan financing up to $2,000,000¹. Medical residents and practicing physicians may apply. Contact us today to learn more about loans for physicians!

We offer physician mortgage loans, personal and business loans, and private banking services for the following medical professionals in all 50 U.S. states.

Medical Fellow
Clinical Nurse Specialist (CNS)
Certified Registered Nurse Anesthetist (CRNA)
Nurse Practitioner (NP)
Physician Assistant (PA)

¹Loan subject to approval, up to 97% financing not available on loans over $806,500. Contact us to learn more.

GET STARTED WITH PHYSICIAN HOME LOANS

If you are a physician looking to secure financing to purchase or refinance a home, our physician loans can help. Here are some steps to get started:

Collect your financial information: Get organized before applying for a physician mortgage loan! Gather essential financial information such as credit score, income statements, and outstanding debts or loans to increase your chances of securing financing.
Explore various loan options: Discover the perfect physician loan for your needs! Check out our interest rates, repayment terms, and fees before choosing one to ensure a good fit.
Connect with our team: Ready to take the first step towards your goal? Get in touch with us once you have a clear idea of what you need, and we’ll guide you through the loan application process. Don’t forget to have your financial information handy from step 1!

Complete the application: Apply with precision! Accurate and comprehensive information is key for us to assess your loan eligibility. We will discover your loan eligibility with the information provided.
Please await approval: Your application is important to us. Our team will carefully review your information and promptly make a decision. While it may take a few days to a few weeks to complete this process, we assure you that we are working diligently to provide you with a response.
Get your funds quickly and easily: Get the funds you need with our loan approval. But don’t forget to use them responsibly and stay on top of payments to keep your credit score in good standing.

Collect your financial information: Get organized before applying for a physician mortgage loan! Gather essential financial information such as credit score, income statements, and outstanding debts or loans to increase your chances of securing financing.
Explore various loan options: Discover the perfect physician loan for your needs! Check out our interest rates, repayment terms, and fees before choosing one to ensure a good fit.
Connect with our team: Ready to take the first step towards your goal? Get in touch with us once you have a clear idea of what you need, and we’ll guide you through the loan application process. Don’t forget to have your financial information handy from step 1!

Complete the application: Apply with precision! Accurate and comprehensive information is key for us to assess your loan eligibility. We will discover your loan eligibility with the information provided.
Please await approval: Your application is important to us. Our team will carefully review your information and promptly make a decision. While it may take a few days to a few weeks to complete this process, we assure you that we are working diligently to provide you with a response.
Get your funds quickly and easily: Get the funds you need with our loan approval. But don’t forget to use them responsibly and stay on top of payments to keep your credit score in good standing.

More Than Physician Home LoanS

Along with the best physician mortgage loan program in the US, we also provide high interest-bearing checking and savings accounts with low fees and competitive interest rates. Plus, our health savings account (HSA) offers a tax-free solution to help you pay for qualified medical expenses with pre-tax dollars. Sign up now and take charge of your financial and health goals!

Transform your financial future with our wide range of products. Whether you want to save for a down payment, invest for retirement, or simply build wealth, we have the right tools to help you reach your goals. Get in touch with us today to discover how we can help you achieve financial success.

PAYROLL PLUS ACCOUNT

Give your paycheck a boost!

Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.

JUMBO DEPOSIT ACCOUNT

Your savings, safe and secure.

Get high returns on your savings with our flexible account options that guarantee FDIC insurance on deposits up to $7 million.

Note: FDIC insurance up to $7 million is subject to additional terms and conditions.

HEALTH SAVINGS ACCOUNT

Convenient health funds.

Save for current and future qualified medical expenses with this interest-bearing HSA account, exclusively available to eligible individuals. Pair it with high-deductible health insurance plans for maximum benefits.

Payroll Plus Checking Account

PAYROLL PLUS ACCOUNT

Give your paycheck a boost!

Get the best of both worlds – the convenience of Direct Deposit and an excellent rate of return.

Jumbo Deposit

JUMBO DEPOSIT ACCOUNT

Your savings, safe and secure.

Get high returns on your savings with our flexible account options that guarantee FDIC insurance on deposits up to $7 million.

Note: FDIC insurance up to $7 million is subject to additional terms and conditions.

Health Funds

HEALTH SAVINGS ACCOUNT

Convenient health funds.

Property Fraud Alert

Property fraud and identity theft are on the rise. Select County Land Records offices offer Property Fraud Alert, a no-cost service that notifies subscribers when a document is recorded with their name on it in the participating County Land Records Office.

Learn more

140 North Phillips Avenue #101A, Sioux Falls

4.7 96 reviews

Tj Rajchel ★★★★★ a month ago
Julie was beyond amazing to work with. She spent well over 12 months as I went from house to house trying to make a purchase and each time, Julie was more than ready to assist with anything whether that be a preapproval letter or questions … More about financing. I cant say enough good things about my experiences with her and how simplified the mortgage process was! If I need to refinance I know I'm in good hands with Julie! Thank you again!
Abby Bennett ★★★★★ 4 months ago
Incredibly responsive and helpful when pursuing a home loan. I would highly recommend Julie. She communicates in whichever avenue is easiest for you (email, phone, etc) and answers questions in as much or little detail as is needed. She … More also has competitive rates which kept me from needing to shop around too much for another lender!
J. Eric Fischer ★★★★★ 5 months ago
I have been working with Kara regarding what I may qualify for. She has given me a wealth of information and a strategy for my next steps in the process. I spoke with several other lenders before working with Kara and no one was willing … More to give me the time of day because I was not planning on buying for 6-12 months. Also, she is able to lend in all 50 states. This makes it really easy for me to look at relocating to another part of the country and being able to coordinate that with the purchase of a new home. I would highly recommend working with Kara. She’s been in the business for over 20 years and knows what she is talking about and helps create a great financial strategy for being prepared to make a purchase.
Tyler Roicki ★★★★★ 3 months ago
This was my wife & I's second time working with Matt Velline in the past year and a half on a home purchase, using a Physicians Loan. The loan & closing process was absolutely seamless each time.
Not only did we close on time … More which was very important to us, but funding happened as quickly as any I've ever seen (I'm a real estate agent, so I've seen a lot of different situations).
We're super happy with Matt & his team. I look forward to working with him again in the future & would highly recommend!
Siavosh Tarighi ★★★★★ 7 months ago
Exceptional Mortgage Lending Service – A Seamless Refinancing Experience
I had the pleasure of working with Julie and her outstanding team during my recent mortgage refinancing, and I am thoroughly impressed by the level of service I received. … More From the very start of the process, Julie demonstrated exceptional professionalism, expertise, and commitment. Her team worked tirelessly around the clock, maintaining clear communication and providing timely updates at every stage. Their attention to detail and thorough approach ensured that the refinancing process was not only smooth but efficient and stress-free.
Having secured multiple mortgage loans in the past, I can confidently say that this experience stands out as the most seamless and well-executed. Julie and her team's dedication to excellence, coupled with their ability to navigate the complexities of the refinancing process, is truly unmatched in the industry. Their focus on client satisfaction and ensuring that all of my questions and concerns were addressed in real-time made a significant difference.
I wholeheartedly recommend Julie and her team for anyone seeking mortgage services. Their commitment to delivering a top-tier customer experience, alongside their strong work ethic and ability to meet deadlines, sets them apart in the lending space. Without a doubt, Julie has raised the bar, and I look forward to working with her again in the future.
Marge Haworth ★★★★★ 3 months ago
Julie is a Realtors dream to work with. Responsive and prompt. She actually closed our transaction almost 2 weeks early, capturing the best rates for our comman clients. 5 stars all day long!
Sydney Rice ★★★★★ 4 months ago
Great experience! For something that is traditionally very stressful, Julie Velline and her team made our home-buying process smooth, quick and painless. We received our pre-approval in record time and throughout the remainder of the lending … More process, she was in constant contact and would respond to questions quickly. Highly recommend Julie for your next mortgage/refinance!
Erin Brandsgard ★★★★★ a month ago
Jeremy was incredibly helpful, resourceful, kind, and always available in our process of buying our first house. He made it so easy for us and helped us through every step of the way!
Katie Moore ★★★★★ 9 months ago
I feel so incredibly lucky to have been able to work with Nikki Rydberg for my physician home loan. She repeatedly went above and beyond the call of duty to help me. She not only was the one who discovered a long-standing error in my credit … More report that even I had somehow missed (my medical student loans were reported in duplicate!), but she helped correct that error for the sake of this loan, and additionally helped me figure out next steps to take for permanent dispute of this reporting error for the sake of my credit in general. She was available to me around the clock for any and all questions, and I truly could not have asked for a better partner in navigating this stressful time. @Heritage Bank and @Physician Bank, you are incredibly lucky to have Nikki on your staff – I do not have enough positive things to say about my experience working with her!
Kazvin Marfatia ★★★★★ a year ago
My fiancé and I are so grateful we got to work with Julie! As first time home buyers, the home buying process can be daunting but we honestly could not have had a better experience. Julie is available night and day to address any of our … More concerns and her responses are always very prompt. We valued how organized she is and would recommend her expertise to anyone. Thank you Julie!!! Looking forward to working with you again in the future 🙂
Randy Cox ★★★★★ 9 months ago
Julie was great to work with through the mortgage process! She was very attentive, responsive, and supportive through the entire process. Highly recommend her and will be working with her in the future for any new home purchases or refinances! … More
Dr. CRP ★★★★★ 8 months ago
I need to provide a big thank you to Julie. I had an extremely hard time finding a lender who would provide a preapproval after relocating for work. All the other lenders were immediately dismissive since I have complicated finances due … More to owning multiple rental properties and the way lenders have been tightening their approvals. Julie straight up told me: I will find a way to get it done. And she followed through with that statement. Now I am typing my review in the comfort of my new home. It wasn't an easy process due to how complicated the structure of my properties are, but complicated and not having a home are two completely different scenarios. No one else could do it, but Julie did. A much deserved should out and 5 star review for getting the job done that no one else could. I am grateful.
Kelly Newton ★★★★★ 11 months ago
We had a lot of life changes and purchasing a new home was one of them. Julie was patient, knowledgeable, and walked us through every part of the process. Julie is an excellent communicator and was available at random times around my schedule. … More I highly recommend her and we now have the house of our dreams!
Chase Jackson ★★★★★ 9 months ago
Excellent & easy to work with. The smoothest process we've ever had dealing with any bank transactions. Julie made closing a breeze…we were in and out in less than 30 minutes at closing.
Tessa LaBounty ★★★★★ a year ago
I can not thank Julie Velline enough for the service she provided us during the home buying process. With the help of Julie and Physician Bank my husband and I were able to build our dream home. Julie was extremely knowledgeable and able … More to answer all of our questions (which as first time home buyers we had a lot of). She made the entire process run smoothly. I would definitely recommend Julie to anyone looking to buy or build a home, especially physician's who are interested in building their dream home as Physician Bank made the construction loan process so easy and seamless.
Brent Berry ★★★★★ 11 months ago
Julie is INCREDIBLE!! She is efficient and sooooo knowledgeable. The best part I would say is she cares!! She Pays close attention to each of my clients details and puts them in the best product to fit each buyers needs. Above all else … More she is the most kind and genuine person I know!
Brent Berry
eXp Realty
Fernanda Morais ★★★★★ a year ago
Julie was such a pleasure to work with. She was able to get everything we needed done quickly and smoothly (and responds during off hours) – even our realtor mentioned how efficient Julie was in making this process super easy.
Antoinette Hunt ★★★★★ 9 months ago
Nikki was a pleasure to work with. She made the transaction smooth to the closing. She is a professional and was responsive whenever needed to all parties concerned. She cares about her clients. I would highly recommend her for any of your … More loan needs.
Antoinette Hunt
Boukari Realty
Alachua Fl
Kirbi Sullivan ★★★★★ 2 years ago
Matt was the best! Wonderful to work with and made the process so easy. Very responsive and easy to get ahold of 24/7. Great option for first time home buyers and young physicians in residency. My husband looked at several options for mortgages … More and the Physician Bank team was by far the best. Juanita was also wonderful and very helpful! Will definitely be recommending to other physicians looking to buy.
Cristina Toledo-Cornell ★★★★★ 2 years ago
I worked with Teresa DeWolf anf her awesome team and I could not be happier with their professionalism, engagement, efficiency and overral stellar costumer service. I have now referred her and her team at Physicians bank to other colleagues … More and family. She gave ne a great rate and I am a seasoned Buyer (4th home). The process is seameless and the app super user friendly. I could not have asked for a more seameless experience on getting a loan! Thank you!! Picture of my new home bellow!
Fernando Zayas Bazan ★★★★★ a year ago
Physician Bank helped me secure a home loan at a great interest rate. We just closed June 12th 2023! Thank you Ryan and Physician Bank for making this sooo smooth!
Tony Captain ★★★★★ a year ago
Matt velline was an amazing mortgage loan originator. This was undoubtedly the most flawless and efficient process I have ever been involved in to obtain home mortgage loan. Rather the Spanish inquisition, I encountered a consummate professional … More who embodied sincerety and kindness. He was informative every step along the way and made the experience pleasant and tranquil. Matt made the process seem easy and comfortable. So, indeed wonderful loan mortgage originator that was the most superb!!!! Thank you physician bank for being the best ever in my book!!!! Also, Julie and Juanita were an intricate part of the process and great assets to the team!!! Kudos to all!!!!
Trinh To ★★★★★ a year ago
We had the utmost pleasure to work with Julie Velline. She is amazing!!! She helped us close the house in 4 days!! She honestly did God's work and made our dream come true. We were with another lender for 2.5 weeks and were not satisfied … More with their service. The previous lender clearly did not specialized in physician loans like we thought they do. Otherwise, they wouldn't have made the process more complicated than what it really is. It was the constant back and forth and none of our goals were being met. You would think there'll be minimal issues when you have 1 pharmacist and 1 medical physician in the household with 2 incomes. We had major headaches with the previous lender before we finally gave up on them and decided to be brave to reach out to a new lender during the buying process!! I called 1-2 other lenders and they all gave me the realistic answer of "No, we need at least 3-4 weeks to gather all the paperwork and process the loan". It was understandable considering we were with another lender for literally 2.5 weeks yet no loan was officially closed. I finally reached out to Julie for one final effort… and it was on Labor Day, 9/4! I did not anticipate any response due to the holiday and clearly all the banks would be closed. However, Julie responded!! She said they were closed for the holiday but she was willing to look over our documentation. I asked her if she can realistically help us close the loan on our closing date & she said "I don't see why not??". I was nearly in shock. My boyfriend and I sent over all the required documents. Julie and her processor literally worked around the clock for 2-3 days straight, I tell you! She was super responsive to her emails and worked like no other. She made sure to take care of us and to meet our goal of closing the house on 9/13/23. Honestly wow. Everyone we encountered during this buying process was nice and enjoyable to work with. They clearly know what they're doing and clearly have worked with other physicians and healthcare professionals before. They know how doctors live their life and their typical situations. They didn't have much questions regarding our background and finances. A+++ for Physician Bank and Julie! We are truly thankful for you.
Carolyn Lussenhop ★★★★★ a year ago
I had a wonderful experience with Physician Bank and they worked very closely with me to help me purchase my first home. My mortgage officer, Chris, was extremely helpful throughout the entire process. She is very knowledgeable, accountable, … More and went above and beyond to ensure that we closed on our home very quickly. We will continue to work with Physician Bank in the future, and I would absolutely recommend them to anyone!
Carrie Nemeh ★★★★★ a year ago
We just closed on our new home today and couldn't be more impressed with the service provided by Ryan at Physician Bank! He was incredibly responsive from start to finish. This was our first time buying a home so we had a lot of questions … More and Ryan was so patient and helped us every step of the way. We were able to get into our first choice home and close within 30 days. After extensive research we were most impressed by the choices and service provided by Ryan at Physician Bank which is why we ultimately chose this lender. Thank you!