Doctor Home Loans in Oklahoma                             

Finding a doctor home loan in Oklahoma may be the perfect tool for your upcoming move to The Sooner State. If a move to Oklahoma is in your future, then connect with a knowledgeable lender who can guide you through the process. If you want to join the almost 9,500 practicing physicians practicing here, then homeownership in Oklahoma will soon be yours with a physician mortgage loan.

Oklahoma offers its 4 million residents a chance to live in an area of vast openness combined with Southern Hospitality. While Oklahoma may be known for its oil fields, it also offers residents other options such as small cities and college towns. No matter which area you choose to live, Oklahoma offers plenty of options and a good dose of friendliness. 

Recommended Lenders for Doctor Home Loans in Oklahoma

US Bank physician loan Jonathan 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

 

Doug Crouse, Mortgage Loan Officer | UMB BankUMB physician loans

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.

 

Oklahoma is much more than cowboy boots and BBQ. It’s also home to an evolving healthcare landscape for its residents and physicians. Whether it’s your residency program, starting a new practice or moving home that brings you to Oklahoma, a physician mortgage can make it happen.

It’s important to work with a lender who understands the ins and outs of doctor home loans in Oklahoma – this will be a vital asset to you. One of the first steps is to get pre-qualified for a doctor home loan in Oklahoma. This will help you prepare your finances for a new mortgage as you begin the house-hunting process. You’ll understand your monthly mortgage obligations as you begin working through your housing choices. Being pre-qualified also conveys to a seller that you are a serious buyer.

If you’re ready to find the best doctor home loan in Oklahoma for you and your family, then trust one of these preferred lenders to help you get started today. 

 

The Complete List of Lenders for Doctor Home Loans in Oklahoma

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!

 

UMB Bank – UMB provides a variety of mortgage products and options to fit your specific needs. And, frankly, they believe applying for a home loan doesn’t have to be complicated. In general, a lender will be looking for information related to a physician’s income, account balances, monthly expenses, debt totals and residence history. Based on that financial history and current life stage, they may need to gather additional information. Your home loan officer will help you through that process during the application phase. With the help of professionals and a clear sense of each step, your home buying experience can be simple and stress-free. Contact Doug Crouse 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.

 

BOK Financial – BOK financial offers several mortgage products for a physician’s unique mortgage needs. BOK was founded in Tulsa, OK but now has several locations across AR, AZ, CO, KS, MO, NM, OK and TX. Residents and fellows can qualify for physician loans up to $650,000, while practicing physicians are eligible for loans up to $1M. BOK financial also offers down payment options as low as 3% on eligible physician loans.

 

LoanDepot – LoanDepot offers innovative solutions for your physician home loan needs. Working with LoanDepot means you are working with a national consumer lender. They are headquartered in Southern California and employ 6,400 team members across the country. This also includes 2,000+ licensed loan officers who hold more than 10,000 licenses. The company operates 150+ local loan locations nationwide.

 

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.

 

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.

 

Simmons Bank – Simmons Bank offers multiple loan products, along with flexible terms and down options to the medical community. Simmons Bank has a Professional Provider Mortgage program specifically for an MD, Oral Surgeon, or Dentist who has completed medical school or dental school and is in residency, fellowship or in practice. The mortgage program allows the borrower to leverage future income for present-day home purchases. Simmons Bank is headquartered in Arkansas with additional locations in TX, TN, IL, MO, NE, KS and OK.

 

First United Bank – The mortgage division of First United Bank is known as the First United Mortgage Group. First United Mortgage offers physician loans to doctors and dentists. There are many benefits to the loans including 100% financing for loans up to $750,000 or 95% financing on loans up to $1.5M. First United Mortgage offers borrowers competitive pricing on the loans and no mortgage insurance is required. First United Mortgage Group serves the Southwestern markets, mainly in Texas and Oklahoma.

 

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.

 

BBVA Compass – BBVA operates in 9 states and is headquartered in Birmingham, AL. The BBVA physician mortgage program offers benefits such as low down-payment options, expanded loan-to-value ratios, programs with up to 100% loan financing and loan amounts available up to $1,750,00. There is also no requirement for PMI. BBVA offers physician mortgages to medical residents and practicing physicians. 

 

BancorpSouth – If you are interested in purchasing, refinancing or refinancing with cash-out, then BancorpSouth could have the options you’re looking for. For physicians, they offer loan programs without PMI and loans up to $2M. If you have a credit score of at least 640, then you can be considered for a physician loan. The options for physician loans through BancorpSouth are for adjustable rates only. BancorpSouth is headquartered in Mississippi and has locations throughout the South and Southeast.

 

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.

 

Arvest Bank – Arvest Bank offers several options for physician mortgages. The doctor loans feature benefits such as mortgages up to 103% loan to value, flexible underwriting guidelines and no PMI. These loans are available to those who recently graduated from medical school, in residency or a physician who has been practicing for years. There are many other loan products available to best suit your financial needs. Arvest Bank is headquartered in Bentonville, AR and has over 260 locations.

 

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.

 

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.

 

Recommended Real Estate Agents In Oklahoma

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

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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