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.
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
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 UVA Health
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.
MCV(Medical College of Virginia in Richmond)
Virginia Tech Carilion School of Medicine (Roanoke)
Edward Via College of Ostopathic Medicine (Blacksburg)
Liberty Univ College of Osteopathic Medicine (Lynchburg)
Eastern Virginia Med School(Norfolk)
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. 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.
2. 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
3. Wintrust
Formed in 1979 in Denver, Colorado, Wintrust Mortgage is one of the top 20 bank-owned retail mortgage originators and loan servicers in the country, originating in excess of $4 billion in loans annually, in all 50 states. We offer competitive pricing and a wide variety of mortgage products for the first-time homebuyer to the seasoned veteran, as well as the technology and support staff to ease you through the process.
With more than 65 lending offices across the U.S., and more than 175 bank branch locations, Wintrust Mortgage is committed to serving the financial needs of homeowners across the nation.
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.
9. 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.
10. 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.
11. Truist
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.
12. 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.