If you’re curious about obtaining a physician mortgage loan in Delaware, now is a great time to connect with a knowledgeable lender who can help you through the entire mortgage process.
If you want to join the over 3,300 practicing physicians who call The First State home, your dream of homeownership in Delaware could soon be a reality.
Delaware offers its 1,003,300 residents a variety of lifestyles. Whether your desire is to live on the coast, in a slower-paced small town, or a bustling big city, you can find it in Delaware.
While Delaware is one of the smallest states in the Union, it packs a big punch with outdoor and nature activities. Delaware may have a high population density, but it still manages to feel like a small town across the state.
If you’re ready to get started to find the best doctor home loan in Delaware, then you’ll find these experienced lenders ready to move you forward.
5 Best Delaware Physician Home Loan Lenders
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.
2. TD Bank
TD Bank is one of the biggest ten banks in the Nation and a favorite option for physicians! They offer a great selection of all types of mortgage loans.
They have a great physician mortgage loan product for medical or dental residents and fellows as well as practicing and self-employed physicians and dentists.
They also offer other conventional loans, FHA, and VA loans. Products offered include a 0% down / 100% financing for loans up to $750,000, a 5% down / 95% financing for loans up to $1,250,000, and a 10% down for loans up to $1,500,000.
All TD Bank’s Physician loans have NO PMI and flexible rate options including a 30 yr fixed and 5yr, 7yr, and 10 yr Arm. TD Bank has over 1,200 branch locations and operates in multiple states on the East Coast.
3. US Bank
U.S. Bank is a leader in the mortgage industry. Many of their customers have said they would recommend them in the future. They offer loans that meet almost every mortgage need.
You may be eligible for the U.S. Bank Customer Credit with a new or existing U.S. Bank Personal Checking Package, or with an existing first mortgage with U.S. Bank.
Take 0.25% of the loan amount and deduct it from the closing costs, up to a maximum of $1,000. At U.S. Bank, they know that your home is one of the biggest investments you’ll ever make.
And whether you’re looking for a new mortgage loan, a mortgage refinance or a home equity loan, you want a partner you can trust.
The doctor home loan program from Truist is available to MDs, DOs, DDS,s 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 $750,000 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.
5. 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 the 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.
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