Moving or refinancing can be a stressful process, but utilizing a physician mortgage loan in Rhode Island can help make the transition easier.
If you want to join nearly 5,000 practicing physicians who call The Ocean State their home, your dream of home ownership in Rhode Island could soon be a reality with a physician home loan.
Rhode Island offers its 1 million residents many different lifestyles. Whether you choose to live on the coast, near the bustling capital of Providence, or in the lovely town of Newport, you’re bound to find a beautiful place to call home here.
Rhode Island may be the smallest state in the Union, but it’s also one of the most densely populated areas in the country.
If you’re ready to find the best doctor home loan in Rhode Island, then one of these experienced lenders is ready to get started.
3 Best Rhode Island Physician Home Loan Lenders
Here are the top 3 lenders of physician loans in RI:
Discover The Best Lenders in Rhode Island Answer just a few questions about your career, where you're buying, and how much you want to borrow. Our service will then show you the exact programs you're eligible for from vetted physician loan specialists who will guide you through every step of the process – obligation-free!
Discover The Best Lenders in Rhode Island
Answer just a few questions about your career, where you're buying, and how much you want to borrow. Our service will then show you the exact programs you're eligible for from vetted physician loan specialists who will guide you through every step of the process – obligation-free!
1. BMO ank
BMO Bank 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. The loan programs are available with either fixed or adjustable rates and without any special fees.
BMO is headquartered in Chicago, IL, and also operates in the states of AZ, FL, IN, KS, MN, MO, and WI – excludes NY.
2. U.S. 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.
3. 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 Bank has a great physician’s 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 and 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?
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Learn more about physician home loans.