What Is Atlantic Union Bank?
Atlantic Union Bank is a regional bank headquartered in Richmond, Virginia, offering personal, business, and commercial banking solutions across the Southeast. Founded in 1902, it has grown into one of the most trusted banks in the region, with more than 130 branch locations across Virginia and neighboring states.
Physician mortgage programs were designed to make homeownership more attainable for doctors and other medical professionals early in their careers. Atlantic Union Bank’s program offers high loan limits, zero down payment options, and flexible underwriting designed for physicians carrying student loan debt.
Atlantic Union Bank Physician Loan Highlights
Atlantic Union Bank’s physician mortgage program stands out for its combination of flexibility and inclusivity. It supports a wide range of medical professionals beyond just MDs and DOs, including dentists, optometrists, veterinarians, chiropractors, and even pharmacists.
Key Program Details:
- 100% financing up to $1 million
- 95% financing up to $1.5 million
- 90% financing up to $2 million
- Available in VA, DC, DE, PA, MD, GA, IN, TN, and NC
- No PMI (Private Mortgage Insurance) required
- No prepayment penalties
- 45% maximum debt ratio
- Fixed and ARM options (30- and 15-year fixed, plus 7- and 10-year ARMs)
- Minimum credit score: 720 preferred
- Eligible for purchase or refinance (primary residence only)
- Future employment contracts accepted if the start date is within 90 days of closing
- Visa holders are eligible with no additional down payment requirement
Eligible Professions Include:
MD, DO, DDS, DMD, OD, DPM, DVM, VMD, DC, PharmD, PsyD, PhD (psychology), DPT, and medical residents, interns, and fellows (PGY-1 and above).
Eligible properties include single-family homes, attached or detached condos, and planned unit developments (PUDs).
Physician Mortgage Calculator
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Pros and Cons of Atlantic Union Bank Physician Loans
What Makes It Stand Out:
- True 100% financing available up to $1 million
- Broad eligibility across medical and dental professions
- No PMI and no prepayment penalties
- Accepts employment contracts up to 90 days before start date
- Visa holders can qualify without additional requirements
Things to Consider:
- Limited geographic coverage (nine states plus DC)
- Primary residences only, not for second homes or investments
- Higher credit score required compared to some competitors
Alternatives to Atlantic Union Bank’s Physician Loan
Truist Bank
Truist’s physician mortgage offers 100% financing up to $1 million for MDs, DOs, DDS, DMD, and DPMs. It’s a strong option for borrowers located in the South and Mid-Atlantic region.
Learn More: Truist Physician Loan Review
BMO Bank
BMO offers nationwide physician mortgage programs with 100% financing up to $1 million and 90% up to $2 million. Both residents and attendings can qualify.
Learn More: BMO Physician Mortgage Review
Huntington Bank
Huntington provides flexible physician mortgage options with 100% financing up to $1 million and no PMI. Its program is popular among residents and early-career doctors in the Midwest and South.
Learn More: Huntington Bank Physician Loan Review
Is Atlantic Union Bank’s Physician Loan Right for You?
Atlantic Union Bank’s physician mortgage program is ideal for medical professionals in the Southeast who want high financing options without PMI or prepayment penalties. It’s particularly appealing to residents and newly employed physicians using a signed contract to qualify before their first paycheck.
Borrowers with strong credit who plan to live in their home full time will find the program’s flexibility, broad eligibility, and competitive loan-to-value ratios a strong combination.
Key Takeaways
Atlantic Union Bank offers one of the most inclusive and flexible physician mortgage programs available in the Southeast. With 100% financing up to $1 million, no PMI, and acceptance of employment contracts for residents and fellows, it’s designed to help doctors and healthcare professionals buy or refinance a home earlier in their careers. The program’s limited state availability and higher credit score expectations are its main drawbacks, but for eligible borrowers, it remains a top-tier option in 2025. Check your options with Atlantic Union Bank and others by requesting your rates.
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