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Banks offer Benefits to Doctors in All Stages of their Medical Careers
Many physician mortgage loans are created for young doctors and dentists just entering the medical profession. However, seasoned physicians deserve benefits too; you have already spent some time in your vacation, already finished with residency and firmly in your specialty practice, perhaps made a huge dent in your student loans, and may even built up strong credit and your first home. Having already proven your financial stability, you should still take advantage of the perks of a physician mortgage. Some lenders offer even better terms to those doctors who have been “in the trenches” for some time, including an extension of low down payments and higher loan-to-value rates, for refinancing existing mortgages.
In our series on physician mortgage loans, we have been evaluating lenders who offer distinctive financing options to doctors and dentists, no matter the stage in their careers. With a proven repayment history, medical professionals represent an ideal banking client who is savvy, responsible, and likely to purchase additional financial products. As an ideal banking customer, you should thoroughly consider your lending options. Here we offer a handful of the top physician mortgage lenders.
Although not a household name, Fifth Third Bank was born from the joining of two banks in 1908. Having completed multiple acquisitions since the early 1990’s, Cincinnati-based Fifth Third bank has grown into one of the largest banks in the U.S. The lender created a physician mortgage program to cater to the needs of new and established doctors and dentists, both for new purchases and refinances. Fifth Third Bank is committed to its customers and their neighbors, evidenced by its pledge of over $6 million in grants to a variety of community organizations. Additionally, in 2019 the lender was honored with the Renewable Energy Hero Award, further supporting its goal to purchase 100% renewable power, several years ahead of schedule.
The Physician Mortgage Loan program at Fifth Third Bank is found at more than 1500 branches scattered across the eastern half of the country. With a wide variety of options and a long history of providing financial products to customers, this mortgage program is worth investigating.
Fifth Third Bank Physician Mortgage Eligibility
Minimum Credit Score
Loan Amounts For Residents & Fellows
Loan Amounts For Practicing Physicians
Fifth Third Bank not only offers competitive financing options to new residents and doctors but provides extra benefits to physicians who have already begun their medical and dental practices. With attractive new purchase and refinancing terms and generous loan amounts, establishing a relationship with Fifth Third Bank may be the best choice for your lending needs. To help you choose the right lender for you, discover the other physician mortgage lenders we have evaluated here.