West Virginia has over 60 hospitals with many nationally recognized for unique specialties. If you’re a practicing or rising doctor West Virginia is in great need of your medical expertise.
But part of transitioning to a new hospital is transitioning to a new home. You shouldn’t have to worry about the stress of buying a new home when your goal is to save lives.
With the help of Huntington Bank in West Virginia, Doctor’s Home Finance can help you save money, pay zero down, and increase loan limits to start practicing in West Virginia. Below we’ll share the top three West Virginia Hospitals and what makes them so special.
1. West Virginia University Hospitals (Morgantown)
WVU Hospital is ranked the number one hospital in West Virginia by U.S. News. It is nationally ranked in one pediatric specialty and high performing in more than four adult specialties and 11 procedures.
In a Newsweek selection of the 226 best hospitals in the entire world, West Virginia University Hospital ranked on the list. It made its mark as the 159th best hospital worldwide.
Number of physicians
As the largest health system in the state of West Virginia and the largest private employer, WVU Hospital is recorded to have over 1,000 inpatient and outpatient doctors across its 16 different hospitals.
The salary range for WVU Hospital physicians is $213,577-$325,975 a year which is considerable considering the cost of living in West Virginia is one of the lowest in the country.
2. Charleston Area Medical Center (Charleston)
While CAMC is not nationally ranked in any specialty, it is the second-best hospital in West Virginia. They are also recognized as high-performing in 12 different procedures.
CAMC is divided into different campuses including CAMC General Hospital, CAMC Teays Valley Hospital, CAMC Memorial Hospital and CAMC Women and Children’s Hospital.
Number of physicians
CAMC is relatively smaller than WVU Hospital, with only four campuses. They do have 700 registered physicians.
The salary range for CAMC physicians is between $137,000 to $191,000 a year.
3. St. Mary’s Medical Center-Huntington (Huntington)
St. Mary’s Medical Center is high performing in nine procedures. They are ranked the third-best West Virginia hospital.
Number of physicians
With 393 hospital beds, St. Mary’s has 417 doctors listed on staff. That’s one doctor for every patient, so physicians can build relationships with their patients in this suburban town.
Despite its small size, St. Mary’s is willing to invest in its physicians. Physicians here make $200,000 annually on average with salaries going up to $291,000.
Medical Schools in West Virginia
West Virginia University School of Medicine is the best in the state and is ranked number 82 as the best medical school in America for research. They are ranked number 61 for best American medical schools in primary care.
The CEO of WVU praises the team of hardworking physicians and staff as well as advanced research in topics such as Alzheimer’s, cancer predisposition, chronic pain management and more as the reason behind their increase in rankings.
Why You Should Consider Working at West Virginia Hospitals
West Virginia Hospitals have been quickly advancing over the last decade. They’ve scaled controllably and are always seeking new physicians to help them care for patients. West Virginia could be the right move if you want a lower cost of living, a high salary, and to practice among great colleagues.
If you’re interested in a beneficial custom-made mortgage designed just for doctors in West Virginia, fill out this form here.
Looking for a Physician Mortgage Specialist in Virginia?
Looking for a Physician Mortgage Specialist in Virginia?
Whether you are relocating with a physician loan or need a new physician loan, we have helped doctors just like you; Virginia Beach, the great city of Norfolk, and Chesapeake while not forgetting about Richmond.
Our network of Bankers closed over one billion dollars in mortgages last year, and our vetted banker network is ready to help you.
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As a medical professional you understand the importance of specialization
- Choose the right specialist for your home finance needs
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- Not all physician loan providers are the same. Our network is vetted so you don’t have to wonder
When you’re looking for the best hospital in Virginia as a patient or a doctor, you don’t have to look far. Fairfax, Charlottesville, and Norfolk house the highest-ranking hospitals in Virginia.
The following three hospitals rank high for their services as well as their work conditions, making them ideal places to settle after medical school and residency. Keep reading to learn about what makes these hospitals special.
Inova Fairfax Hospital
Inova Fairfax Hospital in Falls, Church, Virginia just outside of Fairfax is the number one hospital in the nation for pediatric specialty and adult specialties. Furthermore, it has high ratings for 8 adult specialties and 16 different conditions and procedures.
If you’re looking for a specialty hospital that cares for unique cases, Inova Fairfax is a great choice. It is both a surgical and general medical facility. Furthermore, it’s a teaching hospital. this means it partners with nursing programs, medical schools, and research programs so everyone continues to grow and learn as professionals.
Teaching hospitals like Inova mean patients get the newest and most innovative care, and physicians grow professionally.
On average, physicians make $257,000 a year, making Inova an ideal place to live. Doctors have no problem landing and paying for a physician mortgage with adequate compensation on average.
Currently, the hospital system of Inova has hundreds of openings.
University of Virginia Medical Center
The University of Virginia Medical Center in Charlottesville partners with the University of Virginia Medical School to create one of the best hospitals for 5 pediatric specialties as well as 6 adult specialties and 15 conditions and procedures.
The facility is both a general medical and surgical hospital. Patients receive excellent care from an innovative staff that is continually learning and growing. Like Inova, UVMC is a teaching hospital that embraces new science and techniques.
On average, doctors earn approximately $150,000 a year as they learn new techniques and continue to grow professionally.
Sentara Norfolk General Hospital
Sentara Norfolk General Hospital in Norfolk has the top ranking for 1 adult specialty and has high rankings for 2 adult specialties and 11 conditions and procedures. Like UVMC and Inova, Sentara General is both a surgical and general medical facility that pairs with local training programs to teach doctors and nurses cutting-edge techniques and medicine.
Sentara has an extensive surgical ICU, cardiac ICU, bariatric and weight-control service, inpatient addiction treatment service, and onsite emergency department. Sentara general is most known for its cardiology department with high ratings on aortic aneurysm repair, aortic valve surgery, heart bypass surgery, heart failure response, and transcatheter aortic valve replacement.
In short, Sentara is a great place to go if you’re wanting to learn more about cardiac disease and treatment. Like most doctors in Virginia, the physicians at Sentara average well over $100,000.
Work For the Best Hospitals in Virginia
If you’re looking for the best hospitals in Virginia, check out these three facilities. They offer excellent pay for physicians not to mention growth opportunities. All three hospitals are teaching hospitals, which means they’re on the cutting edge of technology, giving patients excellent care and giving physicians plenty of room for professional growth.
Are you moving to Virginia and looking for a home? If so, contact us today. We seek to help physicians find their homes along with excellent mortgage rates.
Give us a call today.
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.