LeverageRx Logo
LeverageRx Logo

Huntington Bank Physician Loan Review (Updated 2022)

100% financing up to $1MM, but no new construction financing.

What is Huntington Bank?

Huntington Bank was founded in Columbus, Ohio in 1866. Its headquarters are still in Columbus and the bank provides a comprehensive suite of banking, payments and wealth management products and services. Before June 2021, Huntington had a small footprint of only 11 states.

Then, in June 2021, Huntington merged with TCF and together they formed one of the largest banks in America, keeping the Huntington name. Instead of 11 states, the bank is now in 43 states and has $142 billion in deposits, $116 billion in loans and thousands of physical branches.

Huntington Bank Physician Loan Highlights

The Huntington Bank physician loan program is available for MD, DO, DDS, DMD, DPM and DVMs. That is a wider range of medical specialties than other lenders. Here are a few more highlights:

  • Primary residence only
  • No new construction financing
  • For purchase or refinance
  • 100% financing up to $1MM
  • 95% financing up to $1.25MM
  • 90% financing up to $2MM

For loans over $1.25 million, Huntington requires you be attending for at least one year, so it is not available for residents. Any loans below $1.25 million, however, are available whether you are in training or attending. As with most physician mortgage loans, Huntington does not charge PMI and your medical school debt will not be counted against you. Here are the states where Huntington operates:

Arizona, Arkansas, California, Colorado, Connecticut, D.C., Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Don't see your state?

Click here to see doctor home loan programs in your state for free!

Huntington Bank Physician Loan Alternatives

When it comes to borrowing hundreds of thousands of dollars - or maybe even millions (!) - you should shop around and know your options. Here's a few alternatives:

Fifth Third

Fifth Third is a great place to get a doctor home loan. The bank offers construction financing, 100% financing up to $750k and 85% financing up to $1.5MM for medical professionals with at least 1 year experience.

Learn More: Fifth Third Physician Loan Review

Bank of America

Bank of America a nationwide lender offering physician mortgages in nearly every state. The bank offers financing of up to $1 million with 5% down, and 10% down up to $1.5 million. Like TD, however, you will face stricter underwriting practices and limited designations.

Learn More: Bank of America Physician Loan Review

Truist

Similar to the PNC and BBVA acquisition, Truist is the result of a BB&T and SunTrust merger. The program offers 100% financing up to $750k for the following designations: MD, DO, DPM, DDS, DMD.

Learn More: Truist Physician Loan Review

Is Huntington Bank's Physician Loan Right for You?

Finding the perfect lender can be tough. After all, you are going to be in a relationship with your mortgage provider for a very long time. Here are some things to remember about Huntington.

Pros

Medical school graduates can get a mortgage loan without having to put down a down payment. All they need to do is submit an employment contract to qualify.

Huntington Bank offers both fixed and variable rate mortgages to physicians, making it easy for you to choose the type of mortgage that is ideal for your situation.

When you obtain a physician mortgage loan from Huntington Bank, you are free to pay off your home loan anytime at no extra cost. By shortening the amortization period, you can end up saving thousands of dollars.

Cons

Huntington's physician loan does not include common designations such as nurse practitioners, physician assistants and chiropractors. The program is not available nationwide larger loan amounts (over $1.25MM) require the borrower to be practicing for at least a year.

Huntington Bank FAQ

Let's take a look at some common questions when it comes to borrowing money as a physician.

Can Physicians have multiple loans?

Financial institutions like lending to doctors because they tend to have stable and high salaries. Doctors are the ideal long term customer so banks offer several products designed with their lifestyle in mind. For example, medical practice loans, custom refinancing solutions for medical school debt and of course physician mortgages.

Do Physician loans have higher rates?

No, in fact physicians tend to get better and lower interest rates than the general public when they borrow money.

Is Huntington Bank a good mortgage lender?

Huntington is one of the best mortgage lenders in the country, however, it is important that you shop around and know your options. The bank is not in every state, and you may be able to get better service or special financing with another lender. Ask questions and comparison shop when taking out a mortgage.

Which Banks Offer Physician
Mortgage Loans?

Compare rates, features, and more from the best physician mortgage loan programs of 2022.
Filter
14 companies match your search
CompanyLoan Amounts For
Residents & Fellows
Loan Amounts For
Practicing Physicians
Minimum
Credit Score
States available in
States AvailableAK, AZ, CO, FL, GA, HI, ID, IL, IN, IA, KS, MI, MN, MO, MT, NE, NV, NM, ND, OK, OR, SD, TN, UT, WA, WI, WY
About

BMO Harris offers doctor loans for primary residences, for purchase or refinance.

  • 100% financing up to $1MM for training or attending
  • 95% financing up to $1.5MM for training or attending
  • 90% financing up to $2MM
States AvailableFL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
About

Fifth Third Bank offers residents and physicians a primary residence loan for either purchase or refinance:

  • 100% financing up to $750k (training or attending)
  • 95% financing up to $1MM (training or attending)
  • 95% financing up to $1.25MM (attending more than 1 year)
  • 90% financing up to $2MM (attending more than 2 years)
States AvailableVA, TX, TN, SC, NC, MS, LA, FL, GA, AR, AL
About

First Horizon's doctor loan program is available for primary residence, for purchase or refinance:

  • 100% financing up to $1.5MM (training or attending)
  • 95% financing up to $2MM (training or attending)
  • 90% financing up to $2.5MM (training or attending)
States AvailableDE, DC, GA, MD, NC, OH, PA, SC, TN, VA, WV
About

First National Bank offers residents and physicians financing on primary or secondary residences, for purchase or refinance:

  • 100% financing up to $1MM (training or attending)
  • 90% financing up to $1.5MM (training or attending)
States AvailableMN, WI
About

Frandsen Bank & Trust's doctor loan program is available for primary or secondary residences, for purchase, refinance or equity:

  • 95% financing up to $1.25MM (training or attending)
  • 90% financing up to $2MM (training or attending)
States AvailableDE, DC, NJ, PA
About

Fulton Mortgage Company has a doctor loan program available for home purchase only on primary residences:

  • 100% financing up to $1MM (training or attending)
  • 95% financing up to $1.25MM (training or attending)
States AvailableAZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IA, IN, IL, KS, KY, ME, MD, MA, MI, MN, MO, MT, NE, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, UT, VT, VA, WA, WV, WI, WY
About

Huntington Bank's doctor loan program is available for primary residences, for purchase or refinance:

  • 100% financing up to $1MM (training or attending)
  • 95% financing up to $1.25MM (training or attending)
  • 90% financing up to $2MM (attending)
States AvailableWY, TN, SC, RI, NM, NH, AZ, AK, NV, MT, HI, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA
About

KeyBank's doctor loan program is available for primary or secondary residences, for purchase or refinance. For residents or attending physicians alike:

  • 100% financing up to $1MM
  • 95% financing up to $1.5MM
  • 85% financing up to $2MM

Geographic restrictions may apply.

States AvailableMI
About

Level One Bank's doctor loan program is available for primary residences, for purchase or refinance:

  • 100% financing up to $500k (training)
  • 100% financing up to $1MM (attending 1+ year)
  • 85% financing up to $2MM (training or attending)
States AvailableMI, IN, OH, KY
About

Mercantile Bank's doctor loan program is for primary residences, for purchase or refinance:

  • 100% financing options for residents & fellows
  • 100% financing options with loan amounts up to $2MM for practicing physicians

Equal Housing Lender

Member FDIC

States AvailableAL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
About

Regions' doctor loan program is available for primary residences, for purchase or refinance:

  • 100% Financing up to $750k (training or attending)
  • 95% financing up to $1MM (training or attending)
States AvailableDE, IN, KY, MD, MI, NJ, OH, PA, VA, WV
About

S&T Bank's doctor loan program is available for primary residences, for purchase or refinance:

  • 95% financing up to $5MM (training or attending)
States AvailableVA, VT, SC, RI, PA, NC, NY, NJ, NH, MA, MD, ME, FL, DC, DE, CT
About

TD Bank's doctor loan program is available for primary residences, for home purchase only:

  • 100% financing up to $750k (training or attending)
  • 95% financing up to $1.25MM (training or attending)
  • 90% financing up to $1.5MM (training or attending)
States AvailableAL, AR, CA, CT, DE, DC, FL, GA, MS, TN, VA
About

Truist's doctor loan program is available for primary residences, for purchase or refinance.

For training or attending physicians with less than 10 years experience:

  • 100% financing up to $750k
  • 5% down up to $1MM
  • 10% down up to $1.5MM

**if you have been attending for more than 10 years but less than 15, Truist requires a 10% down payment

Jack Wolstenholm - Head of Content Marketing

Jack is a Creighton University graduate and former advertising creative who has written extensively about topics in personal finance, employee benefits, and technology. You can find Jack's writing on Calendar.com, StartupNation, and Muck Rack.

Physician MortgagesPublished February 22, 2022
More from LeverageRx

Ready to get started?

Compare the best offers for