If you’re purchasing a home in Alabama or considering a refinancing option, using a doctor home loan can help your housing goals become a reality. Over 12,000 physicians call Alabama home.
If it’s your residency program or your brand new private practice which brings you to Alabama, you’ll be one of the almost 5 million residents who call the state home. Alabama is a state steeped rich in history, and offers its residents many unique opportunities for a great quality of life. Whether you choose the big city of Birmingham, the bustling college towns or the quiet life on the coast, Alabama has something to offer for everyone.
Recommended Lenders for Doctor Home Loans in Alabama
Tony Umholtz and his team at IBERIABANK/First Horizon Mortgage have helped many people achieve their goal of homeownership over the years and do that by offering 100% financing with no PMI to licensed physicians. Whether you are a first-time homebuyer, refinancing or building your dream home, Tony has the expertise to help navigate you through this ever-changing mortgage environment. In addition to traditional mortgage financing solutions, IBERIABANK/First Horizon Mortgage is pleased to offer specialty financing programs for clients with unique borrowing needs. Tony specializes in the: The Medical Professional Loan Program: financing designed to meet the needs of licensed medical physicians.
Reach Tony at Iberia Bank by visiting this link or by calling (813) 603-4255.
Whether it’s your first home, a refinancing project or looking for the next home upgrade, Doug is focused on making a real and lasting difference. That’s why he takes the time to understand each of his clients’ unique home buying needs (as he has with my very own physician family).
Contact Doug by visiting this link.
Jared Bahr of Regions Bank has been in the lending business for over 11 years and has a wealth of experience! While closing thousands of doctor home loans in his career, Jared has mastered the underwriting process and seen almost every type of contract. With Regions (and Jared) your physician loan will automatically qualify you for private banking with all its corresponding perks. As a family man himself, Jared puts a high priority on letting his clients focus on what matters most: their family and career.
Let Jared help you find your dream home today! Contact Jared by going here.
Mike Fitzmeyer of SunTrust (now Truist) understands the mortgage business. He is a seasoned professional with over 28 years of experience with a specific focus on Doctor Mortgage financing. Mike understands the needs of the Physician community and will tailor a mortgage solution for each client’s individual needs and financial plan. Mike and SunTrust (now Truist) have tremendous Doctor Mortgage experience and have flexibility in dealing with different situations in order to customize a mortgage solution for each client.
Contact Mike today to get the best service for your next home purchase or refinance needs at financialresidency.com/truist
Jonathan Brozek, Mortgage Loan Officer | U.S. Bank | NMLS# 850168
Equal Housing Lender
“Pinch me. I must be dreaming!” is what one of Jonathan’s physician endorsers expressed after reflecting on his mortgage experience. Others state their experience allowed them to enjoy the process of buying a home. We’re optimistic you’d experience the same. But, there’s only one way to find out.
Contact Jonathan by emailing him here: firstname.lastname@example.org (email preferred) or call (916) 788-7982
Living in Alabama means first you’ll have to choose Roll Tide or War Eagle. Once you decide which college football team you cheer for, then you can choose a place to call home. A doctor home loan can make it possible to own a home, no matter which team you choose.
To begin your home buying journey in Alabama, start by choosing a lender who specializes in physician home loans. A lender can walk you through the unique qualities of a doctor loan, and help you get prequalified. Getting prequalified will help you prepare your finances so you’ll understand what to expect throughout the process. Whether you need a loan with no down payment or PMI, or a way to finance your dream home, a lender who specializes in physician mortgages will make the process easier for you.
If you’re ready to get started on your doctor home loan in Alabama, then you’ll find these qualified lenders ready to get you started.
List of Lenders for Doctor Home Loans in Alabama
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.
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!
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.
Citizens Bank – Citizens 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.
Recommended Real Estate Agents In Alabama
Financial Residency has partnered with Dr. Moves to offer you a tailored home buying experience with agents that specialize in working with physicians in Alabama.
Moving to a different state? Click on the state you are moving to and get the best lenders in that state.
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