Best Physician Mortgage Loans in Maryland

Maryland may lack the land size of many states, but the opportunities are practically endless for those who call it home. A physician mortgage loan can make it possible to purchase a home in Maryland, whether you’re moving to be closer to family or it’s medicine that is bringing you to the Old Line State.

Once you make the move, you’ll join almost 26,000 other physicians who call Maryland their home sweet home.

Maryland continues to be a leader in the Mid-Atlantic, with over 6.1M residents calling Maryland home.  Maryland may be known for its rich history and love of blue crab, but Maryland also offers its residents an amazing quality of life.

This is in addition to being home to some of the top research facilities and hospitals in the country.

If you’re ready to get started with a doctor home loan in Maryland, then you’ll find these knowledgeable lenders ready to help you move forward.

4 Best Maryland Physician Home Loan Lenders

  1. BMO Harris
  2. Truist
  3. US Bank
  4. TD 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. Truist

The doctor home loan program from Truist is available to MDs, DOs, DDSs, 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 Truist 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.

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 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. 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 has an excellent 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.

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