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KeyBank Physician Loan Review (Updated 2022)

100% financing up to $1MM for MD, DO, DDS, DMD, DPM and DVMs

What is KeyBank?

KeyBank is a regional bank headquartered in Cleveland, Ohio. It was formed in 1994 following a merger between KeyCorp of Albany, New York and the Society Corporation, out of Cleveland. Following the merger, KeyBank became the 10th largest bank in the United States.

KeyBank operates in 39 states providing banking and credit products to individuals, small businesses, retailers, corporations, and investment clients. NerdWallet gave Key only 3 out of 5 stars because while they do charge for basic banking services, the fees aren't as high as some larger brands. KeyBank customers report high quality customer service and benefit from Key representatives' expertise when it comes to opening a savings account or investing for retirement.

KeyBank Physician Loan Highlights

Whether you're a doctor of dental medicine or podiatric medicine, you probably have a unique financial situation like most other medical professionals that LeverageRx caters to. Here are the highlights of the mortgage program KeyBank designed just for you:

  • 100% financing up to $1MM
  • 95% financing up to $1.5MM
  • 85% financing up to $2MM
  • Designations: MD, DO, DDS, DMD, DPM, DVM
  • Primary residence only

KeyBank just recently changed their physician loan program, on February 24th, 2022. It is generous because all three loan options are available to those designations, whether they are still in training or have been attending for 10+ years! As far as state coverage, the Key website says they operate in only 15 states. However, other sources say Key's products and services are available in 39 states. LeverageRx is still waiting to confirm this with KeyBank directly. In the meantime, here are the 15 states Key absolutely does business in:

Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Massachusetts, Michigan, Missouri, New York, Ohio, Oregon, Pennsylvania, Washington

Don't see your state?

Click here to see physician mortgage loan programs in your state!

KeyBank Physician Loan Alternatives

LeverageRx works hard to compare and contrast physician mortgage loans, because we believe it's important our readers know their options. Here's a few alternatives to KeyBank:

First National Bank

First National Bank accepts a wide range of designations for their physician mortgage. The bank offers 100% financing up to $1MM and the loan is eligible for primary residences and vacation homes.

Learn More: First National Bank Doctor Mortgage Review

Flagstar

Flagstar's physician loan program is available for more medical specialties than other doctor home loan programs. You can get 100% financing up to $1.5MM for primary residences only.

Learn More: Flagstar Physician Mortgage Review

Fulton Mortgage

Fulton Mortgage offers 100% financing up to $1MM for MD, DO, DDS, DMD, OD, DPM, DVM and PharmDs. It's available for primary residence only and in a few select states.

Learn More: Fulton Mortgage Physician Loan Review

Is a KeyBank Physician Loan Right for you?

KeyBank allows you to choose between various down payment options. For a 0% down payment, you can get a loan up to $1MM. That is incredible. And like most doctor loans, your medical school loans won't be counted against you and Key won't charge private mortgage insurance. That said, LeverageRx can't speak to the interest rates that KeyBank will charge, that depends entirely on you. In addition, we can't narrow down exactly which states KeyBank operates in. We know for the ones that they do, listed above, the loan officers are excellent, knowledgeable and more than willing to help you through the process.

KeyBank FAQ

Here are some common KeyBank questions.

Is it better to go with a local bank for a mortgage?

Historically people were more comfortable accepting a loan from the physical bank down the street. These days, however, as more and more of our lives are online, it is common to take out a mortgage with a bank or private lender on the other side of the county.

How do I pay my KeyBank mortgage?

Like most modern banks today, Key makes making payments on your mortgage incredibly easy. Simply log into their online dashboard and track past payments, future payments and all the details you need to have on hand regarding your loan.

Who took over KeyBank?

The most recent merger at KeyBank was with First Niagara Bank, a New England regional bank. The new entity kept the KeyBank name.

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 January 16, 2021
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