Bank of America

Bank of America physician mortgage loan products are available in all 50 states.

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Bank of America

Program Details

  • Borrow up to 95% of the purchase price with a maximum loan of $1,000,000 (subject to declining market conditions)
  • Borrow up to 90%  with a maximum loan of $1,5000,000
  • You may close on your home 60 day prior to the start of an employment contract – great for relocating physicians
  • No Mortgage Insurance required
  • Eligible professions include Residents, MD, DDS, DMD,OD, DPM and DO
  • Student loans deferred for at least 12 months not included in ratios.
  • Financing for attached or detached single-family residences, PUDs and condos
  • Come in 30 and 15 year Fixed OR 3, 5, 7, 10 year ARMS
  • 720 credit score required

Physician loans are different animals.  They have different rules and qualifying criteria.  No feeling is worse than not qualify for the loan after you’re pre-approved. It makes for a REALLY bad day and a big mess.  All of the loan officers listed on this blog specialize with doctors ONLY. They are battle tested, seasoned, and recommended by your peers. Give them a call!

Do you want a Physician Loan Specialist to contact you?  I’ve made it real easy. Drop your name and phone number in the form on this page and I’ll let him know you’re looking for him.

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