Finding a doctor home loan in Washington D.C. is an essential tool for your upcoming move or refinance to the District of Columbia. If a move to D.C. is in your future, then connect with an experienced lender who can guide you through the process. If you want to join the almost 7,300 physicians practicing here, then home ownership in the D.C. area can soon be yours with a physician mortgage loan.
Washington D.C. offers its 705,000 residents an urban, fast-paced lifestyle where politics and culture collide. Whether you choose to live in the Capitol Hill area, Logan Circle or Eastern Market, you’ll be living in an area that’s drenched with history – and full of life.
It’s important to work with a lender who understands the ins and outs of doctor home loans in Washington D.C. – this will be a critical asset to you as you start the loan process. One of the first steps is to get pre-qualified for a doctor home loan in Washington D.C. This will help you prepare your finances for a new mortgage as you begin the house-hunting journey. You’ll understand your monthly mortgage obligations as you begin working through your housing options. Being pre-qualified will convey to the seller that you are a serious buyer.
If you’re ready to find the best doctor home loan in Washington D.C. for you and your family, then trust one of these preferred lenders to help you get started today.
List of Lenders for Doctor Home Loans in Washington D.C.
BMO Bank – BMO Bank (formerly BMO Harris 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.
SunTrust (now 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!
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 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.
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. They have a great PHYSICIANS 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 loan and FHA and VA loans. Products offered include a 0% down / 100% financing for loans up to $750,000, 5% down / 95% financing for loans up to $1,250,000, and 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. Contact Neil Surgenor for more information!
Recommended Real Estate Agents In Washington D.C.
Financial Residency has partnered with Dr. Moves to offer you a tailored home buying experience with agents that specialize in working with physicians in Washington D.C.
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