If you’re curious about obtaining a physician mortgage loan in Maine, 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 nearly 5,000 practicing physicians who call The Pine Tree State home, your dream of home ownership or refinancing in Maine could soon be a reality.
Maine offers its 1.3 million residents many different lifestyles. Whether you choose to live near the coast, in the woods, or by the many rivers and lakes, you’re bound to find it in Maine.
While Maine is one of the smaller states in the Union, it has a big personality with numerous outdoor activities and beautiful national parks.
If you’re ready to find the best doctor home loan in Maine, then you’ll find these experienced lenders ready to assist you.
4 Best Maine 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. 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.
ake 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. 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.
TD’s physician mortgage loan product is 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.
Moving to a Different State?
Click on the state you are moving to and get the best lenders in that state.
Learn more about physician home loans.