Physician Lenders Available in Virginia 

KEYBANK MORTGAGE

• Fixed- and variable-rate options available

• Loan amounts up to $3.5 million

  • Up to 100%* loan-to-value (LTV) to $750,000
  • Up to 95%* loan-to-value (LTV) to $1 million
  • Up to 90%* loan-to-value (LTV) to $1.5 million

• No Private Mortgage Insurance (PMI) required

• Personalized service

• Loan options available for purchase, as well as rate/term and cash-out refinances

• Eligible property types include owner-occupied primary residences and second homes

• Available for 1-unit single-family homes, condos or planned unit developments

* Geographic restrictions may apply. Ask us for details.

Regions Bank

DOCTOR PROGRAM FEATURES:

  • Offers mortgage loans to medical physicians, including Residents, Fellows, Doctor of Dental Medicine (DMD/DDS) or Doctor of Osteopathy (DO).

  • Doctors who have been self-employed for a minimum of 3 years are eligible. For self-employed physicians, income will be averaged based upon the most recent two years business and personal tax returns.

  • 1099 income with contract is allowed – must have minimum monthly income guarantee.

  • Mortgages are available for purchases and refinances.

  • They offer fixed rate and ARMS. Available ARMS are 5, 7 and 10 years fixed. Loan terms are 30 years for ARMS.

  • Loan terms are 15 and 30 year for fixed rate mortgages.

  • No private mortgage insurance (PMI).

  • 100% financing is available.

  • For loan amounts less than $750,000, 100% financing is available. For loan amounts up to $1,000,000, 95% financing is available.

  • Student loans are not included in the debt to income ratio with sufficient documentation supporting that the student loans are currently in deferment/forbearance.

  • This loan is for primary residences only, single-family residences, and townhomes.

  • Minimum credit score is 720 for loan amounts above $453,100.

  • Minimum credit score is 700 for loan amounts below at or below $453,100.

  • Residents entering medical profession are required to have a copy of the executed written agreement as evidence of employment or future employment.

*Please complete the form to connect with the lender of choice. 

BBVA

The program is available for practicing physicians, CPA's, Dentists and Attorneys with a 700+ FICO score who are purchasing a single family detached home.

  • 95% loan to $1M with no mortgage insurance

  • 90% loan to $1.25M with no mortgage insurance

  • 85% loan to $1.5M with no mortgage insurance

  • 80% loan to $1.75M obviously with no mortgage insurance.

  • 30, 20 and 15 year fixed loans as well as a 5 and 7 year ARM.

  • MD, DO, DDS, DMD, Attorneys, And CPA's

  • Approved Condominiums are acceptable

*Please complete the form to connect with the lender of choice. 

TD Bank's

Loan Amounts:

  • 100% Financing to $750,000 Loan Amount
  • 95% Financing to $1,250,000 Loan Amount1

Amortization Type:

  • 30 Year Fixed Rate
  • 5/1, 7/1, 10/1, Adjustable Rate

Transaction Type:

  • Purchase (Primary Residence Only)
  • Refinance (Primary Residence Only)

Private Mortgage Insurance (PMI):

  • Not Required

Eligible Borrowers:

  • MD, DO, DPM, DMD, DDS, Medical Fellows, 3rd year Medical Residents
  • For practicing Doctors must be 10 years out of residency or less

Property Types:

  • Single Family Residences
  • Attached/Detached Condominiums
  • Attached/Detached PUDs

Future Contacts

  • Future employment contracts are acceptable if employment begins within 60 days of loan closing (90 days by exception only)

Reserve Requirements:

  • 6 Months – (Can be gift)2

State Offered:

CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, VT
 

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