Best Physician Mortgage Loans in Louisiana

If you’ve been considering a doctor home loan in Louisiana, getting connected with an experienced lender can help you through the entire physician loan process.

With almost 14,600 physicians who call The Pelican State their home, your dream of homeownership is possible with a physician home loan.

Louisiana offers its 4.6 million residents many different lifestyles – from life on the coast, or the cities of New Orleans and Shreveport and lots of places in between. Louisiana is known for being a Sportsman’s paradise, with tons of outdoor activities and a beautiful place to enjoy Mother Nature.

If you’re ready to discover the best doctor home loan in Louisiana, then you’ll find these lenders ready to help you with your new loan.

5 Best Louisiana Physician Home Loan Lenders

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

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. 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.

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 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.

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. IberiaBank

IberiaBank offers physician loans to 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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