California has an outstanding university system. The system includes such high-ranking schools as UCSD, UCLA, and UC Berkeley.
But what about California’s hospitals? Some of the best hospitals in California are also part of the UC system.
California is home to some of the highest-ranking hospitals in the nation. That includes UCLA which ranks third in the nation and first in California.
If you’re a physician moving to California, consider working for one of the top-rated California hospitals. There are many to choose from!
To learn more about the top three hospitals in California, keep reading!
University of California Los Angeles (UCLA)
If you’re a doctor and you want to work in a Southern California Hospital, why not work for the best? UCLA is not only a general medical and surgical facility, but it’s also a teaching hospital.
UCLA also ranks among the top five hospitals in a list of specialty areas. The specialties include Diabetes & Endocrinology, Orthopedics, Gastroenterology & GI Surgery, and Pulmonology & Lung Surgery. The doctors at UCLA understand medically complex patients and rate them high in performing all associated procedures and conditions.
The medical center also rates high among patients for a good patient experience.
Cedars-Sinai Medical Center
Long known as the “hospital to the stars,” this outstanding medical center is also in Los Angeles. Cedars-Sinai Medical Center captured the rank of 6 on the Best Hospitals Honor Roll for 2021-2022. It’s one of the best hospitals in California and in the nation.
Like UCLA, Cedars-Sinai Medical Center is a general medical and surgical facility and a teaching hospital. It ranks as the number 2 hospital in California.
This outstanding medical facility also ranks in the top 20 of several specialties. These include Gastroenterology & GI Surgery, Cardiology & Heart Surgery, Orthopaedics, and Gynecology, among others.
If you’re a doctor looking to work in a California hospital, Cedars-Sinai should be on your list of best hospitals in California!
Stanford Health Care – Stanford Hospital
Stanford is another well-known name in California’s educational system. It also ranks high among the best hospitals in the nation, coming in at number 12. It’s number 4 in California and comes in at the top at number 1 in the San Jose metro area.
It’s no surprise that Stanford is also a teaching hospital as well as a general medical and surgical facility. You can’t go wrong working as a physician at this top-rated healthcare facility in Northern California.
Moving to California
If you’re a physician moving to California, you’ll need every advantage when it comes to getting a home loan. California is expensive because it’s a great place to live. The weather is perfect, the beach is nearby, and there’s so much to do.
California offers excellent healthcare and it’s a great place to work if you’re a physician.
Top California Hospitals
The above three hospitals are among the top California Hospitals and some of the best in the nation. These medical centers work on complex patients and offer impressive lists of specialties.
Are you a physician looking to make the move to California? Let Dr. Home Finance help you secure your next home loan. Contact us today!
Looking for a Physician Mortgage Specialist in California?
Looking for a Physician Mortgage Specialist in California?
Whether you are relocating with a physician loan or need a new physician loan, we have helped doctors just like you; Los Angeles, the great city of San Diego, and San Jose while not forgetting about San Francisco
Our network of Bankers closed over one billion dollars in mortgages last year, and our vetted banker network is ready to help you.
Take advantage of the best mortgage product in the country, and contact one of our verified lenders today!
As a medical professional you understand the importance of specialization
- Choose the right specialist for your home finance needs
- Custom strategy for your needs. Get 3-4 times higher loan amounts than conventional loans
- Not all physician loan providers are the same. Our network is vetted so you don’t have to wonder
1. BMO Harris
BMO Harris offers affordable home loans with no PMI and flexible debt-to-income underwriting options.
Even if you have student debt, are starting residency soon, and have an employment contract with a starting date within 90 days of closing, you may still qualify as a licensed medical doctor with MD, DDS, DMD, or DO credentials.
You can choose from the following options to fund your project:
- 0% down for up to $1 million
- 5% down for up to $1.5 million
- 10% down for up to $2 million
Please contact Marc 920-831-7721 for more information.
2. Huntington National Bank
Doctors looking for a home mortgage can turn to Huntington National Bank for professional assistance. An MD, DO, DDS, DVM, or DMD is especially suited to these doctor mortgage loans.
Being able to borrow up to $2 million without PMI is one of Huntington National Bank’s greatest advantages. In addition, loans up to $1 million are available with 100% financing.
You may also apply if you are a new resident. Simply provide a copy of your employment contract and a letter from your employer to qualify.
Please contact Darick 517-214-3257 for more information.
3. Fifth Third Bank
Fifth Third Bank’s physician mortgage loan program is available to new and established MDs, dentists, and veterinarians (DPM, DDS, DMD, DVM, and OD).
A practicing doctor or dentist—that is, one who has been employed for at least a year or who has been self-employed for at least two years—may be eligible.
Non-residents, fellows, and new doctors also qualify for these same terms, but they must make a low down payment of $1 million.
4. First Citizens Bank
First Citizens Bank provides physician mortgage loans to medical professionals with the following designations: MD, DM, DO, DPO, DDS, PA, CRNA, CRNP, and DPT.
First Citizens Bank offers the following physician mortgage benefits:
- Zero down payment with 100% financing.
- Capacity to build a home, refinance an existing one or buy a home.
- Mortgage split options are available. (80/20 mortgage: 80% as the first mortgage and 20% as a home equity loan.)
You must have at least three years of tax returns or an employment contract to satisfy the requirements, in addition to having a credit score of 700 or higher.
5. First Horizon Bank
When you apply for the First Horizon Bank physician mortgage loan, you can take advantage of no upfront PMI, higher loan amounts, and low credit score thresholds. You may close up to 90 days in advance of starting a new job, provided you have an employment contract. Physicians with a credit score of 680 or less may qualify.
There are three options for funding:
- 0% down for up to $1.5 million
- 5% down for up to $2 million
- 10% down for up to $2.5 million
6. First National Bank
Eligible MDs (Doctors of Medicine), DOs (Doctors of Osteopathic Medicine), dentists, veterinarians, and podiatrists may apply for First National Bank’s Doctor Loan program, provided they are less than 10 years from training. Those with more than 10 years are still eligible but must make a minimum 10% down payment.
Individuals with H-1B visas or green cards are welcome to apply. One must provide a signed offer letter or employment contract to be approved.
Up to 80% of the loan can be cash-out and refinanced. 30-year and 15-, 10-, 7-, and 5-year fixed-rate ARMs are available.
7. Flagstar Bank
Flagstar Bank offers doctor mortgage loans for home purchases and refinancing in all 50 states, with no PMI and up to 100% financing.
Anyone who has the following degrees may apply to Flagstar Bank: medical residents, MDs, DDSs, DMDs, ODs, Doctor of Pharmacy, DOs, RNs, physician assistants, nurse practitioners, clinical nurse specialists, ATP pilots, CPAs, attorneys, veterinarians.
To be eligible, one must be 10 years or less from the beginning of their career.
They provide ARMs or adjustable-rate mortgage refinances for H-1B visa holders or green card holders.
You must have at least a credit score of 720 to qualify for 0% down. You must have at least a credit score of 700 to qualify for 5% down.
You must provide two years’ worth of documentation if you are a 1099 worker.
8. Citizens Bank
A doctor loan from Citizens Bank is available to Doctors of Medicine (MD), Doctors of Osteopathic Medicine (DO), Doctors of Dental Medicine (DMD), and Doctors of Dental Surgery (DDS). However, you must have completed your residency within the last 10 years or be a current medical resident, fellow, or intern to qualify.
Citizens Bank offers the following financing options for physician mortgages:
Borrowers can choose between a fixed- or adjustable-rate loan.
KeyBank’s doctor and dentist program extends eligibility to those who are residents, fellow, or attending physicians (MD, DO, DPM, or DMDs). Those who can provide a signed employment contract can be accepted 90 days before starting their job.
A borrower may receive a conventional mortgage with 100% financing.
KeyBank offers 10/6 Adjusted-Rate Mortgages (ARM), 7/6 ARM, and 5/6 ARM in addition to 30-, 25-, 20-, 15-, and 10-year fixed-rate mortgages.
$1,000,000 is the maximum cash-out available. KeyBank allows physicians to borrow money to purchase a second home. Also, they allow the purchase of condos and planned unit developments.
10. Regions Bank
The Regions Bank Medical Professional Loans program does not require PMI and does not set a limitation on the length of time a medical professional must have been practicing in order to be eligible for a loan.
Regions Bank makes it easier to secure the loan amount you want by excluding some deferred student loan payments from your DTI ratio.
Pharmacists, nurse anesthetists, nurse practitioners, physician’s assistants, veterinarians, chiropractors, optometrists, podiatrists, MDs, DOs, DMDs, and DDSs, among others, are eligible for scholarships. Residents and fellows are also eligible.
You can close up to 60 days before the listed start date on your employment contract or date of transferred employment.
Non-permanent visa holders are not eligible.
There are 10-, 7-, and 5-year ARMs, as well as 30- and 15-year fixed-rate mortgages.
Regions Bank provides fast and friendly consultations at no credit check required.
11. S&T Bank
Doctors, lawyers, and doctorate holders are all eligible for S&T Bank’s professional mortgage program. You can qualify for this exclusive program without PMI if you are a medical doctor, attorney, or doctorate degree holder.
You can get up to 95% financing with 10-, 15-, 20- and 30-year repayment plans.
S&T Bank can provide VA mortgages to service members, veterans, and surviving spouses. The professional mortgage program, however, may provide more benefits.
12. TD Bank
TD Bank offers up to 100% financing on doctor, dentist, and podiatrist mortgages without PMI. Residents and fellows may also qualify, with the added benefit of being able to close up to 90 days in advance of your start date.
You must have one of the following degrees to qualify: MD, DO, DPM, DDS, or DMD.
Here are the details of the TD Bank loan:
- 0% down for loans up to $750,000
- 5% down for purchases up to $1.3 million
- 10% down for purchases up to $2 million
TD Bank provides 30-year fixed and adjustable-rate mortgage (ARM) financing options. Doctors with green cards and H-1B visa holders can also be eligible for flexible underwriting.
Physicians, both new and established, can take advantage of the Trust doctor mortgage loan program to obtain low-interest rates and flexible payment plans.
Practicing doctors (MD, DO, DDS, DMD, or DPM) may be financed in one of the following ways:
- 0% down for loan amounts up to $1 million.
- 5% down for up to $1.5 million.
- 10.01% for up to $2 million.
A $750,000 loan amount is permitted, subject to certain restrictions, for accredited fellows and residents in the state.
14. U.S Bank
U.S. Bank provides professional mortgage options for medical physicians, including residents, fellows, and doctors of osteopathy (DO). Dentists and nurses are not eligible at this time.
You can borrow up to $2.5 million, but you’ll need a minimum down payment.
U.S. Bank doesn’t advertise the doctor mortgage loan on its website, so get in touch with Jonathan Brozek.