If you’ve been considering physician mortgage loans in Arkansas, getting connected with a knowledgeable lender can help you through the entire physician loan process.
With nearly 7,700 physicians who call The Natural State their home, your dream of homeownership is possible with a physician home loan.
Arkansas offers its more than 3,025,000 residents a chance to live in rugged beauty.
Whether you choose Bentonville, Little Rock, Fayetteville, or any place in between to call home, Arkansas offers a low cost of living combined with a high dose of Southern Hospitality.
But Arkansas is more than mountains, rivers, and hot springs -it’s also home to a rapidly changing healthcare landscape.
If you’re ready to get started finding the best doctor home loan in Arkansas, then you’ll find these lenders ready to help you move forward with your new loan.
5 Best Arkansas Physician Home Loan Lenders
Here are the top physician mortgage loan lenders in AR:
Discover The Best Lenders in Arkansas
Answer just a few questions about your career, where you're buying, and how much you want to borrow. Our service will then show you the exact programs you're eligible for from vetted physician loan specialists who will guide you through every step of the process – obligation-free!
1. BMO Harris
BMO Harris offers several mortgage options for physicians. Physicians can borrow up to 100% on mortgages up to $1M, 95% on mortgages up to $1.5M, and 90% on mortgages up to $2M.
There is no PMI on physician mortgage loans through BMO Harris. The loan programs are available with either fixed or adjustable rates and without any special fees. BMO Harris is headquartered in Chicago, IL, and also operates in the states of AZ, FL, IN, KS, MN, MO, and WI – excludes NY.
The doctor home loan program from Truist is available to MDs, DOs, DDs, and DMDs that are currently in residency, and practicing professionals that have completed their training within the last 10 years.
Residents and fellows are eligible for a SunTrust physician loan of up to $1M with no down payment.
Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts of up to $1,500,000 with down payment options based on loan size. LTV for $1.5M is 95%. LTV for $2M is 89.9%.
3. Citizens Bank
Citizens Bank offers a special mortgage program for physicians and dentists through their doctor loan program.
The Citizens Bank Doctor Loan is available for purchases and limited cash‑out refinances of a primary residence. A few highlighted features of the program include up to 95% financing, no mortgage insurance, and your choice of a fixed-rate or adjustable-rate mortgage.
Headquartered in Providence, RI, Citizens Bank has over 1,200 locations across the country.
4. Regions Bank
Regions Bank can help borrowers finance a loan with no down payment options for loans up to $750,000 or a 5% down option for those who need up to $1M.
In addition, PMI will be excluded. Regions bank will also exclude certain student loan debt when calculating your debt-to-income ratio.
5. Arvest Bank
Arvest Bank offers several options for physician mortgages. The doctor loans feature benefits such as mortgages up to 103% loan to value, flexible underwriting guidelines, and no PMI.
These loans are available to those who recently graduated from medical school, are in residency, or are a physician who has been practicing for years.
There are many other loan products available to best suit your financial needs. Arvest Bank is headquartered in Bentonville, AR, and has over 260 locations.
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