Huntington Bank offers a physician mortgage program that can work well for doctors who want high loan limits, low or no down payment options, and flexibility around student loan debt. For residents, fellows, and early-career attendings buying a primary residence, the program’s structure may reduce common qualification barriers, but it is not available to every medical profession or property type. Understanding who qualifies and where the limits apply is critical before moving forward.
Early in your review process, many physicians choose to compare physician mortgage options through LeverageRx to confirm which lenders align with their credentials, timeline, and target purchase price. For broader context, LeverageRx also maintains a comprehensive overview of physician mortgage loans that explains how these programs differ from conventional mortgages.
Is Huntington Bank a Fit for Physician Homebuyers?
Huntington Bank is generally a fit for physicians seeking a primary residence with minimal down payment requirements and no private mortgage insurance, particularly within the bank’s eligible states. It is less suitable for medical professionals outside the listed degree designations, buyers pursuing new construction, or those needing investment or secondary property financing.
This program is most commonly used by residents transitioning to attending roles and by established physicians who want to preserve liquidity rather than make a large down payment.
What Is Huntington Bank and Its Physician Mortgage Program?
Huntington Bank is a regional financial institution founded in 1866 and headquartered in Columbus, Ohio. Following its 2021 merger with TCF Bank, Huntington expanded its presence to 43 states and now manages over $140 billion in deposits and more than $110 billion in loans.
Within that footprint, Huntington offers a physician mortgage program designed specifically for MD, DO, DDS, DMD, DPM, and DVM degree holders. The loan is intended only for owner-occupied primary residences and includes underwriting features tailored to physician income and debt profiles.
How Do Huntington Bank Physician Loan Terms Work for Doctors?
Huntington’s physician mortgage allows for high loan-to-value financing without requiring private mortgage insurance, which can materially change cash flow and upfront costs for doctors. Specifically, the program offers up to 100% financing on loans up to $1 million, 95% financing up to $1.25 million, and 90% financing up to $2 million.
Medical school debt is excluded from the loan decision, which can significantly improve debt-to-income calculations for residents and early attendings. Fixed-rate and adjustable-rate options are available, and future employment contracts may be used if employment begins within 90 days of closing.
For context on how PMI typically functions in standard mortgages and why its absence matters, the Consumer Financial Protection Bureau’s explanation of private mortgage insurance requirements provides a useful regulatory baseline.
Who Qualifies for the Huntington Bank Physician Loan?
Eligibility is limited to specific medical degrees: MD, DO, DDS, DMD, DPM, and DVM. The loan is only available for primary residences and cannot be used for new construction projects.
A credit score of 720 is preferred, and larger loan amounts, generally above $1.25 million, require at least one year in practice. The program is not available to nurse practitioners, physician assistants, or chiropractors, and availability is restricted to Huntington’s 43-state footprint.
Physicians should also be aware that primary residence requirements are defined under federal housing guidelines; the U.S. Department of Housing and Urban Development explains how owner-occupied primary residences are treated differently from investment properties.
What Are the Tradeoffs and Limitations Physicians Should Know?
The primary advantages of Huntington’s program are high leverage, no PMI, and flexible treatment of student loans and employment contracts. These features can be especially valuable during training or early career transitions.
However, the program’s limitations are material. It excludes several medical professions, does not support construction loans, and restricts usage to primary residences only. Physicians seeking mixed-use properties, investment homes, or broader eligibility may need to look elsewhere.
What Alternatives Should Physicians Compare?
Comparing multiple physician mortgage programs is prudent, particularly for high-balance loans. For example, Fifth Third offers a doctor loan that includes construction financing and different loan-to-value thresholds, which may suit physicians with at least one year of experience; LeverageRx provides a detailed Fifth Third physician loan review for comparison.
Another commonly evaluated option is Truist, which supports several physician designations and offers full financing up to certain loan limits. A more detailed breakdown is available in this Truist physician loan review, which can help clarify how underwriting criteria differ across lenders.
Key Takeaways
Huntington Bank’s physician loan program offers up to 100% financing with no PMI for qualifying doctors purchasing a primary residence. The program excludes medical school debt from underwriting and allows future employment contracts within 90 days of closing, which can benefit residents and new attendings. Eligibility is limited to specific medical degrees and does not include construction financing or non-primary residences. Loan limits scale with down payment requirements, and larger balances typically require time in practice. Comparing Huntington with other physician lenders helps ensure the program aligns with a physician’s credentials, property goals, and career stage.
Authors
