Doctor Home Loans in Minnesota

If you’ve been contemplating a doctor home loan in Minnesota, now is a great time to connect with a lender who can help you through the entire physician loan process. With over 18,000 physicians who call the Land of 10,000 Lakes home, your dream of homeownership in Minnesota could soon be a reality for you too.

Minnesota offers its 5.6 million residents an amazing lifestyle. Whether it’s the outdoor activities, the restaurants or the big city you crave, Minnesota has something for everyone. You might be surprised to learn it’s also the 14th largest state in square miles – leaving you plenty of room to spread out or giving you major metropolitan cities to choose for your home. 

Recommended Lenders for Doctor Home Loans in Minnesota

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.

 

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!

 

“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

 

Truist physician loanMike Fitzmeyer, Sales Manager/V.P. | SunTrust (now Truist) | NMLSR #93716

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. 

 

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.

 

Minnesota is more than lakes and big cities. For physicians, it offers a chance to practice in a state with innovative healthcare solutions for a changing medical landscape. Whether it’s your residency, opening a new practice or finally moving back home that brings you to Minnesota, a doctor home loan can make it possible.

Working with a lender who specializes in doctor home loans in Minnesota can be a major asset throughout the home-buying process. Getting pre-qualified for a doctor home loan in Minnesota will give you solid numbers as you begin your house-hunting. You’ll know what to expect in a monthly mortgage payment as you narrow down your housing choices. When you do make an offer, it’ll show the seller of the property that you are a serious buyer. 

If you’re ready to get started finding the best doctor home loan in Minnesota, then you’ll find these lenders ready to help you move forward. 

 

List of Lenders for Doctor Home Loans in Minnesota

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.

 

TCF Bank – TCF Bank has approximately 475 banking centers primarily located in Michigan, Illinois, and Minnesota with additional locations in Colorado, Ohio, South Dakota, and Wisconsin. They offer a doctor home loan designed to fit the unique needs of physicians, dentists, chiropractors, veterinarians, and more! No down payment for those who qualify (closing costs could apply). No private mortgage insurance is required for those who qualify. Their mortgage loan officers are experienced in working with medical professionals and are ready to guide them through the loan process for their purchase or refinance.

 

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. 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.

 

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 Minnesota

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

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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