WebMar 13, 2024 · Citizens Bank Physician Mortgage Loans. Citizens Bank has a physician loan program for doctors and dentists. You’ll need at least 5% down on your loan, but you can use the program on a primary residence or second home. However, Citizen Bank has stricter loan limits. If you aren’t out of residency yet, you can borrow up to $600K, and if … WebJan 31, 2024 · The Truist physician loan is geared toward new doctors or who completed their training within the past 10 to 15 years. The bank offers up to 100% financing if you’re within a decade of completing your training. It offers 89.99% of financing if it’s been 10 to 15 years since you’ve completed training.
Citizens Bank Doctor Loan Review (Updated 2024) LeverageRx
WebMar 31, 2024 · 7. First Merchants Bank. Doctors and dentists with an MD, DMD, DO, DVM, DDS, or PharmD designation will like the physician mortgage loan program from First Merchants Bank (formerly known as Level One Bank). Financing options include: 0% down for up to $1,000,000. 5% down for up to $1,250,000. WebJun 2, 2024 · Conventional loan – As low as 3 percent or 5 percent down with PMI. FHA loan – As low as 3.5 percent down with at least a 580 credit score and FHA mortgage … inclination\u0027s 06
8 Best Physician Mortgage Loans in Minnesota (2024 Updated)
WebLTV >/= 90% maximum DTI is 40%. All of the loan officers listed here specialize in working with doctors ONLY. They are battle tested, seasoned, and recommended by your peers. … WebJan 5, 2024 · With a conventional mortgage, you’ll be required to put down at least 20% of the home’s purchase price to avoid PMI payments. Let’s say you’re considering a $500,000 home. When using a conventional loan, you’ll need to have $100,000 socked away for a 20% down payment. Otherwise, you should be prepared to make PMI payments, which … WebHome White Coat Investor inbp strategy