Doctor Home Loans in Illinois

Doctor Home Loans in IllinoisThere’s a lot of thought and planning that has to take place in order to purchase or refinance a home. Getting a physician mortgage loan is no different, but fortunately, you have several qualified lenders who can walk you through the process of obtaining a doctor home loan in Illinois.

Many physicians choose to work and live in Illinois. Over 43,000 physicians are practicing medicine in the Land of Lincoln, making it one of the most popular states for doctors to call home. It also happens to be one of the most populated states in the country too. But Illinois is home to many major attractions – everything from sports to museums to deep dish pizza – making it a melting pot for many different lifestyles.

Recommended Lender for Doctor Home Loans in Illinois

UMB physician loansDoug Crouse, Mortgage Loan Officer | BMO Bank

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.

 

 

Darick Hensel,  Mortgage Banker, Huntington Bank (formerly TCF Bank) NMLS #1177936

With over 15 years experience in mortgage lending and many years specializing in physician loans, Darick Hensel draws on every previous client to help improve for the next.

He understands the nuances of physician contracts, relocations, and financial strategies. Married to a trauma surgeon, Darick values your time and need for expediency. Outside of helping new and experienced physicians with their mortgage needs, he loves his wife, 2 dogs, golfing, and traveling.  He and his wife already have tickets to the 150th British Open!

Find Darick here and get to know him too!

 

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.

 

 

US Bank physician loan

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: jonathan.brozek@usbank.com (email preferred) or call (916) 788-7982

 

 

 

Living in Illinois means you can have your choices of lifestyles – from living on the lake, the big city, or a quiet life near farmland. A physician mortgage loan can make it possible for you to achieve your housing dreams, no matter what the dream looks like.

When you want to obtain a doctor home loan in Illinois, you want to work with a lender who understands the challenges to both your finances and your budget that getting a home can bring. The first step is to get pre-qualified for a physician mortgage loan so you will have the exact numbers to work for your new budget and home. A qualified lender can get you set up, even when your schedule is challenging or you haven’t even moved to the state yet.

No matter your circumstance, whether you’re in residency or years into your practice, you’ll find these lenders ready to get you started with the physician home loan process. 

List of Lenders for Doctor Home Loans in Illinois

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.

 

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. 

 

Level One Bank – Level One Bank offers up to $1,000,000 with 0% down and up to $1,500,000 with 5% down. Financing up to $3M is available. Applicants can close up to 90 days prior to the start of an employment contract. Term: 30 Year fixed, 15/6, 10/6, 7/6, 5/6-year arms available for purchase and refinance. New Construction loans available upon request. No Private Mortgage Insurance (PMI) is required and student loan debt deferment is allowed for resident physicians. The program allows: Residents, Fellows, MD, DO, DMD, DVM, DDS, and PharmD and most Visa holders are eligible.

 

Citizens Bank – Citizens Bank offers a special mortgage program for physicians and dentists through their doctor loan program. Their 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.

 

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.

Recommended Real Estate Agents In Illinois

Financial Residency has partnered with Dr. Moves to offer you a tailored home buying experience with agents that specialize in working with physicians in Illinois. 

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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