If you’ve been considering a physician mortgage loan in Kentucky, getting connected with a knowledgeable lender can help you through the entire physician loan process.
With over 12,500 physicians who call The Bluegrass State their home, your dream of home ownership is possible with a physician home loan.
Kentucky offers its 4.5 million residents a chance to live surrounded by natural beauty. From the mountains and valleys, to Lexington and Louisville, Kentucky offers residents a variety of lifestyles and outdoor activities.
If you’re ready to get started finding the best doctor home loan in Kentucky, then you’ll find these lenders ready to assist you with your new loan.
7 Best Kentucky 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. 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.
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 $750,000 with no down payment at 100% financing!
Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts of up to $1,000,000 with 95% financing and up to $1,500,000 with 89.99% financing!
4. 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.
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.
6. 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.
IberiaBank offers several mortgage solutions for borrowers. Physician loans are offered to those both residents, fellows, and practicing physicians.
Doctors are eligible to borrow up to $1M with no money down. Mortgage loans are offered with options including 5/1 ARM, 7/1 ARM, and 30-year fixed – all with no mortgage insurance.
Iberia Bank is headquartered in Louisiana and is available in several states.
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