Doctor Home Loans in South Carolina

Doctor Home Loans in South CarolinaIf you’re thinking of purchasing a home SC, using a doctor home loan in South Carolina can make your dream of home ownership a reality. A physician home loan can help you join the almost 13,000 physicians that call the Palmetto State home.

South Carolina offers over 5.1M residents a chance to live a high quality, low country lifestyle. Whether it’s your dream to live in the charming city of Charleston, near the energetic vibe of Greenville, or on the beautiful coastal islands – South Carolina has it all. It’s also more than college football and old traditions though, with access to a low cost of living and even lower taxes for its residents. South Carolina has multiple options for healthcare and is working hard to increase the overall quality and affordability of healthcare within the state. 

Recommended Lenders for Doctor Home Loans in South Carolina

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 27 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. 

 

US Bank physician loan

Jonathan Brozek, Mortgage Loan Officer | U.S. Bank (NMLS# 850168)

“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

 

Mark A. Fitzpatrick - Fifth Third BankMark A. Fitzpatrick, Mortgage Loan Originator | Fifth Third Bank

States: OH, FL, GA, IL, IN, KY, MI, NC, TN, WV, SC, WI, PN

Mark A. Fitzpatrick at Fifth Third Bank has been in the mortgage business for the past 26 years and working exclusively with physicians for 14 of those. Knowing that physicians need someone they can rely on, understand their challenges, be accessible/available during their hours, Mark would be with you every step of the way. Mark also knows that straight answers are rarer than ever around regulations and the mortgage process. You’ll need someone like him who can get rid of the jargon and still keep your dream of buying (or refinancing) your home alive.

Find out how great Mark is by reaching out here: www.financialresidency.com/53

 

Doctor Home Loan in Tennessee

Paul Rainer, Mortgage Loan Originator | Synovus Bank (NMLS #116670)

Paul has originated just under $2 billion in first mortgages in his 28-year career.  He specializes in Physician and Physician One-Time-Close Construction loans. He takes great care in providing options and explaining the whole process from first contact to closing. He has a highly trained support staff to assure each loan gets handled efficiently. He lives near Athens, Georgia with his wife, Jennifer, and their 15-year-old K9 rescue named Ginger. He also serves as an Executive Board Member for Safehouse Ministries which is a faith-based safe house that provides food, clothing, and shelter to abused women and children. 

Contact Paul by visiting this link or call (706) 410-6434 

 

 

 

Living in South Carolina means you have your choice of lifestyle – in the city, in the country or on the coast. A physician mortgage loan can make your dream of owning a home, no matter which region you choose. 

Working with a lender who specializes in physician mortgages can help you throughout your home-buying process in South Carolina. A doctor loan can possibly allow you a mortgage without PMI or a hefty down payment. Getting pre-qualified for a physician mortgage loan gives you the best snapshot of your new mortgage. You’ll know what to expect in a monthly mortgage payment as you narrow down your home choice. 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 secure a doctor home loan in South Carolina, then you’ll find these qualified and knowledgeable lenders ready to assist you.  

 

The Complete List of Lenders for Doctor Home Loans in South Carolina

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 Jonathan C. Brozek today!

 

SunTrust (now TRUIST) – The doctor home loan program from SunTrust Bank (now Truist) is available to MD’s, DO’s, DDS’s and DMD’s 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. Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts up to $1,500,000 with down payment options based on loan size. Contact Mike Fitzmeyer today! 

 

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!

 

Synovus Bank – If you can make monthly mortgage payments but need 100% financing or perhaps assistance with the down payment, Synovus’ suite of first-time homebuyer products may help you on the path to home ownership. From state bond programs and federal agency assistance to their own Affordable Mortgage Program, financing up to 100% and fixed interest rates on loans up to $510,400 may be available—and with no mortgage insurance required. Contact Paul Rainer for more info!

 

First Citizens Bank – First Citizens Bank is headquartered in Raleigh, NC and operates in several states throughout the country. Physician mortgages are available to medical residents, interns, fellows, and practicing physicians.  There is no limit on years in practice for established physicians. Private Mortgage Insurance is not required for physician loans. There are several options available including fixed-rate and ARMs. You may be eligible for 100% financing up to $750,000; 95% up to $1M; 90% up to $1,250,000, and 85% up to $1.5M. There are also options for second homes, construction (permanent and renovation) loans. 

 

Fifth Third Bank – The doctor and dentist loan programs at Fifth Third Bank offer medical practitioners with simple solutions to meet their home financing needs. Both new and established doctors can get fixed and adjustable rate mortgage loans to purchase or refinance. What’s more is that no private mortgage insurance is required. Eligible borrowers include: Medical Doctors (MDs), Doctors of Osteopathy (DOs), Doctors of Dental Medicine (DMDs), Doctors of Dental Surgery (DDSs), and Doctors of Podiatric Medicine (DPMs). New physicians, interns, residents and fellows (those who have practiced in less than 1 year) can get up to $1 million with a low down payment, or $750,000 with no down payment.

 

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.

 

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. 

 

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.

 

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.

 

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. 

 

First National Bank of Pennsylvania – Most physicians have unique banking needs. That’s why First National Bank of Pennsylvania has developed a mortgage program especially for physicians. FNB currently offers up to 100% financing with no PMI. Fixed and adjustable rate products are also available. In order to apply, you must hold an M.D., D.O., D.D.S., D.V.M. or D.M.D degree, but interns, fellows and residents are eligible. They operate in several states, including Washington D.C.

 

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.

 

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. They operate in all 50 states and offer a variety of physician mortgage loan products. Their 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.

 

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.

 

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.

 

IberiaBank – IberiaBank offers several mortgage solutions for borrowers. Physician loans are offered to those both residents, fellows and practicing physicians. Doctors are eligible to borrow up to $1M with no money down. Mortgage loans are offered with options including  5/1 ARM, 7/1 ARM and 30 year fixed – all with no mortgage insurance. Iberia Bank is headquartered in Louisiana and is available in several states.

 

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.

 

Synovus – Synovus Bank was founded in Georgia and now operates across the Southeast. There are several locations throughout Georgia, Florida, Tennessee, South Carolina and Alabama. The physician loan program at Synovus is for licensed physicians, residents, fellows and interns. You must be an M.D., D.O., D.M.D., D.D.S., or D.P.M. to qualify. With Synovus, you can receive 100% financing for loans up to $750,000, and no PMI is necessary. There are both fixed-rate and ARM options products available for your unique financial needs.

 

Recommended Real Estate Agents In South Carolina

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

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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