Doctor Home Loans in Maine                             

Doctor Home Loans in MaineIf you’re curious about obtaining a doctor home loan in Maine, now is a great time to connect with a knowledgeable lender who can help you through the entire mortgage process. If you want to join the 4,700 practicing physicians who call The Pine Tree State home, your dream of home-ownership or refinancing in Maine could soon be a reality.

Maine offers its 1.3 million residents many different lifestyles. Whether you choose to live near the coast, in the woods or by the many rivers and lakes, you’re bound to find it in Maine. While Maine is one of the smaller states in the Union, it has a big personality with numerous outdoor activities and beautiful national parks.

Recommended Lenders for Doctor Home Loans in Maine

US Bank physician loanJonathan Brozek, Mortgage Loan Officer | U.S. Bank

“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 visiting this link or call (916) 788-7982

 

TD Bank Physician LoansNeil Surgenor, Physician Loan Specialist | TD Bank, N.A. (NMLS ID 372700)

For years, Neil has been helping physicians, surgeons and dentists achieve their dreams of homeownership.  From start to finish, he can help guide you through the process.  Beginning with our mortgage comparison tool to determine your options, to painlessly uploading your documents digitally, Neil will be there to assist and guide you during the entire process.  Whether you’re a first-time homebuyer, looking to purchase a second home or purchase an investment property, TD Bank, N.A. has solutions designed for Doctors and an efficient process that makes getting a mortgage easier.

Connect with Neil by visiting this link or by phone (212) 933-9900 or email: Neil.Surgenor@TD.com.

 

 

Maine offers more than beautiful nature and the country’s best lobster. It’s also home to high-quality and affordable healthcare options. Whether it’s your residency program, joining a new practice or moving closer to your family that brings you to Maine, a doctor home loan can make it possible.

Working with a lender who specializes in doctor home loans in Maine is a vital resource for you throughout your home-buying journey. Getting pre-qualified for a doctor home loan in Maine gives you solid numbers to work with as you begin your house-hunting process. You’ll know what to expect for your monthly mortgage payment as you choose the place to call home. When you do make an offer to a seller, being pre-qualified will show you’re a serious buyer. 

If you’re ready to find the best doctor home loan in Maine, then you’ll find these experienced lenders ready to assist you. 

 

The Complete List of Lenders for Doctor Home Loans in Maine

TD Bank – TD Bank offers a variety of physician mortgage loan products to licensed medical or dental residents and fellows with at least two years of completed residency. There are also programs for practicing physicians and self-employed doctors. Products offered include 0% down, 100% financing for loans up to $750,000, and 5% down, 95% financing for loans up to $1,250,000. TD Bank offers loans without any PMI and flexible rate options. TD Bank has over 1,200 branch locations and operates in multiple states on the East Coast. Contact Neil Surgenor for more information!

 

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. Contact who we trust, Jonathan C. Brozek today!

 

Union Bank – Union Bank has a fantastic physician home loan that includes some of the best rates in the nation. Key features include: 10% down to $1.25MM loan amount, they can close up to 6 months from start date of new contract (if exiting residency or fellowship). Your down payment, reserves, and closing costs can be gifted from family with no seasoning requirements (a HUGE benefit). There is no Mortgage Insurance or PMI and you can receive a lender credit for 0.25% of the loan amount up to $1,000 for opening a platinum checking account. 

 

Bank of America – Get started with the Digital Mortgage Experience with Bank of America. Preferred Rewards clients may qualify for a reduction of $200-$600 in the mortgage origination fee (based on your eligible balances at the time of application). Some of the home loan products they offer include fixed-rate mortgages, adjustable-rate mortgages, FHAs, and VA loans. Already pre-approved with Bank of America? View your pre qualification letter, or contact a lending officer about taking the next steps towards home financing.

 

SoFi – SoFi is known for refinancing choices, but physicians might not be aware of the mortgage options available. Although the mortgage option isn’t limited to only physicians, it is targeted towards highly-educated individuals. One alternative mortgage to consider includes a 10% down for up to $3M in financing. There are also fixed rate and ARM options, without any hidden fees for prepayment penalties.

 

KeyBank Mortgage – KeyBank Mortgage offers several options for your unique physician mortgage needs. Whether you are purchasing your first home or looking for cash-out or rate/term refinance, KeyBank can personalize a program for you. They offer up to 100% financing with no PMI, with fixed or adjustable rate options. Physician mortgage loans are available for both your primary residence and second homes, as well as single-family houses and condos. KeyBank has branches in numerous states, with over 17,000 employees throughout the 1000+ branches. 

 

Laurel Road – Laurel Road is a digital lender that is owned by KeyBank who uses innovative technological and digital strategies to help you secure lending. The physician mortgage program with Laurel Road is a home loan tailored specifically to doctors, dentists and veterinarians featuring up to 100% financing for loans up to $750,000 (for primary residences). The physician loans have fewer restrictions than conventional mortgages and bases the lending decision on credit worthiness and future income potential.

 

TIAA Bank – TIAA Bank is a large,national bank headquartered in Jacksonville, FL. TIAA Bank operates in all 50 states and offers a variety of physician mortgage loan products. TIAA Bank’s doctor loan mortgage program is only available to existing medical doctors (and DO’s, veterinarians, dentists and dental surgeons) who are actively practicing and have completed residency in the past 10 years. TIAA Bank offers loan amounts up to $2M and without any PMI. A down payment is required and you must start employment within 60 days of the loan closing.

 

Willow Bend Mortgage – Willow Bend Mortgage has multiple loan options to suit your financial needs. Designed for physicians, dentists, and veterinarians, there are many benefits to the medical loan program. You can utilize terms such as a 5% down payment for loans up to $1M, 10% down up to $1.5M, or 15% down up to $2M – all without PMI. There is also a 0% VA loan program for vets and active military personnel. You can inquire about the 3% down option (but with PMI) for smaller loans. The loans can include either a fixed or adjustable rate.

 

Fairway Independent Mortgage – Fairway offers borrowers the options of fixed-rate conventional loans and adjustable-rate mortgages. Prospective borrowers can apply for a loan with Fairway Independent Mortgage online, with the closing process taking place in person. Fairway has grown into a national independent brokerage network with more than 7,000 employees — including more than 3,000 loan officers — in over 500 branches.

 

Flagstar Bank – Flagstar bank offers a Professional Loan series available to physicians, dentists, attorneys and other high-income professionals. Features of the Flagstar Bank Professional Loan includes financing for loan amounts up to $1.5M. There are also low or no down payment options with adjustable rates. You will not have to pay PMI for the loans. You can also use these benefits for a purchase or refinance for your primary residence only. 

 

Midland States Bank – Midland States offers a comprehensive program for physician loans. Midland States Bank offers maximum loans up to $1.5M without any money down. You won’t have to pay any PMI either. There are traditional and adjustable rates and terms for your consideration. If you have a minimum credit score of 720, then you can begin the qualification process for a physician loan with Midland Bank.

 

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.

Recommended Real Estate Agents In Maine

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

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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