Best Physician Mortgage Loans in South Dakota

Finding a physician mortgage loan in South Dakota may be the perfect tool for your upcoming move to The Mount Rushmore State.

If a move to South Dakota is in your future, then now is the perfect time to connect with an experienced lender to guide you throughout the process.

If you want to join the 2,100 practicing physicians practicing here, then homeownership in South Dakota can soon be possible with a physician mortgage loan.

South Dakota offers its 909,000 residents a lifestyle perfect for those who love to enjoy nature. From the Black Hills to the Badlands, from Sioux Falls to Rapid City – not to mention the beautiful lakes and rivers.

If you’re ready to find the best doctor home loan in South Dakota for you and your family, then trust one of these lenders to help you get started.

4 Best South Dakota Physician Home Loan Lenders

Here are the top physician mortgage loan lenders in SD:

  1. BMO Harris
  2. TCF Bank
  3. US Bank
  4. Citizens Bank

Discover The Best Lenders in South Dakota

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 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.

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 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.

4. 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 a 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.

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