With a career in medicine, nearly all physicians enjoy unparalleled job security. After all, our population is growing (and aging), chronic conditions are on the rise, and people will continue to need healthcare; thus, the demand for physicians is not expected to fade anytime soon. Additionally, as costs for secondary education continue their uphill climb, the shortage of physicians increases. You enjoy job security in one of the best paying jobs in the country, according to US News’ Ranking for Best Jobs, so shopping for a new home may not be in your plans. If you are thinking about investing in your existing home, a physician home equity loan could provide you with resources to update or expand your current residence.

Many of the best physician mortgage loan rates are only offered for new home purchases. However, there are times when you want to remain in your home and increase its equity and appeal. A home equity loan is an excellent way to increase your home’s value and your enjoyment of it. Just as physician mortgage programs offer attractive features for medical professionals, some lenders offer equally appealing home equity physician programs.

Although the market is flooded with mortgage providers, not all have the experience and knowledge to offer specialized programs to borrowers in the medical industry. Physicians present unique circumstances—high debt combined with even higher earning potential—which only select banking companies have knowledge in. However, some of the perks are outstanding and it is worth the time to find a lender who can offer you the physician mortgage product suited perfectly for your individual needs. In our series, we share some of the leading banks who are familiar with the ins and outs of doctor finances. We do some of the “legwork” on mortgage companies so that choosing the right lender is a little easier.

A newcomer to the banking industry, BBVA began modestly in 1964 as Central Bank & Trust Company in Birmingham, Alabama. However, it surprised the banking world in 1970 by becoming the first bank to remain open all day and include Saturday business hours. It took another leap into the future in 1978 by establishing the first ATM and issuing the first debit cards in the state of Alabama. After years of expansion and acquisitions, as well as name changes, the bank become a subsidiary of Banco Bilbao Vizcaya Argentaria (BBVA), one of the largest banks in Spain. Today, BBVA enjoys a stellar reputation, with accolades for innovative mobile technology (2014), an award for mobile functionality (2013), Best Digital Bank (2016), and is consistently recognized as a top bank by the Small Business Association.

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