Best Physician Mortgage Loans in Iowa

If you have future plans to move or refinance, then a physician mortgage loan in Iowa may be the best tool for your move.

Now is a great time to connect with a dedicated, knowledgeable lender who can help you through the entire mortgage process.

If you want to join the nearly 9,300 practicing physicians who call The Hawkeye State home, then a physician loan can make homeownership possible for you.

Iowa offers it’s 3.1M residents an opportunity to live many different lifestyles. From college towns to small towns to big cities and big fields. Iowa offers a number of different landscapes including prairies, rivers, lakes, and rolling hills.

If you’re ready to get started to find the best doctor home loan in Iowa, then contact an experienced lender to help you move forward.

5 Best Iowa Physician Home Loan Lenders

  1. BMO Harris
  2. TCF Bank
  3. US Bank
  4. Citizens Bank
  5. Regions Bank

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. TCF Bank

TCF Bank has approximately 475 banking centers primarily located in Michigan, Illinois, and Minnesota with additional locations in Colorado, Ohio, South Dakota, and Wisconsin.

They offer a doctor home loan designed to fit the unique needs of physicians, dentists, chiropractors, veterinarians, and more! No down payment for those who qualify (closing costs could apply).

No private mortgage insurance is required for those who qualify. Their mortgage loan officers are experienced in working with medical professionals and are ready to guide them through the loan process for their purchase or refinance.

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 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.

4. 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.

5. 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.

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Learn more about physician home loans.