Physician Assistant Mortgage Loans: Top Banks with Low Down Payment Options for PA’s
Physician assistants can find the right mortgage loan with a low down payment option by considering several banks that offer physician assistant mortgage loans. These banks provide competitive rates and flexible terms to assist medical professionals in finding the right mortgage loan that fits their unique financial situation. In this article, we will discuss the top banks to consider.
Key Takeaways:
- Several banks offer mortgage loans for physician assistants with low down payment options. These banks include Evolve Bank and Trust, Bank of America, Wells Fargo, Chase Bank, and SunTrust.
- Physician assistants should consider working with a dedicated team of mortgage specialists from these banks who understand the unique financial needs of medical professionals and can guide them through the mortgage process.
- With the right mortgage loan and low down payment option, physician assistants can achieve their dream of homeownership. By taking advantage of the competitive rates and flexible terms provided by these banks, medical professionals can make their homeownership dream a reality.
Evolve Bank and Trust has an entire group dedicated to Medical Professionals called Physician’s Capital. They allow the following
many different medical professionals to utilize the doctor loan, including Dentists.
Down payment options:
- 0% down up to $1,000,000
- 5% down up to $1,250,000
- 10% down up to $1,500,000
- 15% down up to $2,000,000
The one caveat to their program, a very common rule at most physician banks, is that Evolve requires medical professionals to be within ten years of graduating, residency, or fellowship, whichever came last. Evolve does not require mortgage insurance (PMI) for any of the above options. Another positive is that they allow you to own one other home, which is somewhat unique to Pharmacist Mortgages. Generally, you have to be a first-time home buyer to qualify.
Corey Weber is our recommended lender with Evolve Bank and Trust! Click here to apply now.
States available: Alabama, Arizona, Arkansas, California, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, Wyoming.
- Bank of America
Bank of America offers physician assistant mortgage loans with low down payment options starting at 3%. They provide several mortgage loan options, including fixed-rate and adjustable-rate mortgages, with competitive rates and flexible terms. Additionally, Bank of America has a team of specialists who understand the unique financial needs of medical professionals and can guide them through the mortgage process.
- Wells Fargo
Wells Fargo offers physician assistant mortgage loans with down payment options starting at 3%. They provide several mortgage loan options, including conventional, FHA, and VA loans, with competitive rates and flexible terms. Additionally, Wells Fargo offers a mortgage rate and payment calculator to help homebuyers determine their estimated monthly payments.
- Chase Bank
Chase Bank offers physician assistant mortgage loans with down payment options starting at 3%. They provide several types of mortgage loans, including fixed-rate and adjustable-rate mortgages, with competitive rates and flexible terms. Additionally, Chase Bank provides various resources for homebuyers, including a mortgage calculator and an online application process.
- SunTrust
SunTrust offers physician assistant mortgage loans with down payment options starting at 3%. They also provide specialized financing programs for medical professionals, such as their Doctor Loan Program. This program offers up to 100% financing for qualified borrowers with no private mortgage insurance requirements.
In conclusion, by considering the banks mentioned above, physician assistants can find the right mortgage loan with a low-down payment option. These banks provide several mortgage loan options, competitive rates, and flexible terms to assist medical professionals in achieving their dream of homeownership. By working with a knowledgeable mortgage specialist from one of these banks, physician assistants can make their homeownership dream a reality.
