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There are Physician Mortgage Loan Options Available!
When you make the step from medical (or veterinary) school to residency, it may feel like the path to medical practice—and financial independence—is long. You may envision years of renting, weighed down with student loans, and generally a “lean” time in your life. However, with doctor loan programs available, the road to home ownership may not be as long as you think. Physician mortgage lenders understand the challenges doctors and dentists face, but recognize the financial stability their professions offer. With years of successful relationships with physicians, lenders who offer doctor mortgages have loan officers who can help you through the process, presenting options which fit the needs of a new professional.
The physician mortgage loan industry has grown over the last 10 years, and doctors have choices when considering which lender to use. In this series, we are reviewing lenders in this specialized financial space, to help you choose the right institution for your specific needs.
Based in Cleveland, regional KeyBank, offers variable and wide-reaching options in their Medical Professional Loan program. With branches located in 39 states, KeyBank focuses on individual consumers and smaller businesses, although they offer banking services to corporations and investment clients as well. The relatively small size of KeyBank makes it a good choice due to its focus on consumers. Additionally, KeyBank has garnered multiple awards recently, including a 10-time award as a Top 50 Company for Diversity, a 3-time Leading Disability Employer, and a 6-time winner in the Points of Light’s Civic 50 for Community-Minded Companies.
KeyBank’s clearly defined requirements and benefits include:
KeyBank’s Medical Professional Loan Program details:
Minimum Credit Score
Loan Amounts For Residents & Fellows
Loan Amounts For Practicing Physicians
KeyBank combines the attentiveness of a small-town, consumer-focused financial institution with the range of financing options of a major lender. The ability to concentrate your financial products into one location could be yet another benefit perfectly suited for busy medical professionals. Your time is valuable and KeyBank making banking easier by offering so many financial services available to its customers. To compare physician mortgage loan providers, read our entire series of lender reviews.