Best Physician Mortgage Loans in Tennessee

If you’re considering purchasing a new home or refinancing with a physician mortgage loan in Tennessee, then using an experienced loan officer can help make the transition as smooth as possible.

Tennessee has almost 19,000 physicians practicing medicine and calling the Volunteer State home – and you can join them too with the help of a physician home loan.

When you’re in Tennessee, you quickly realize why over 6.8 million residents call it home. From Graceland to Nashville, to the Smoky Mountains and the Mississippi River, Tennessee offers endless options for settling down and establishing your roots.

You’ll also find access to amazing hospitals and universities, along with a growing healthcare community.

If you’re ready to get started on your doctor home loan in Tennessee, then you’ll find these recommended lenders ready to help you get started.

5 Best Tennessee Physician Home Loan Lenders

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

Discover The Best Lenders in Tennessee

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

MO 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. 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 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.

3. 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.

4. Truist

The doctor home loan program from SunTrust Bank (now Truist) is available to MDs, DOs, DDS’, 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 SunTrust physician loan up to $750,000 with no down payment at 100% financing! Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts up to $1,000,000 with 95% financing and up to $1,500,000 with 89.99% financing!

5. 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 U.S. Bank 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.

Moving to a Different State?

Click on the state you are moving to and get the best physician mortgage loan lenders in that state:

Learn more about physician home loans.