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Physician Mortgage Loans in Alaska

Compare current Alaska physician mortgage loans from multiple lenders. Get current interest rates and APRs for 30-year fixed, 15-year fixed and adjustable rate mortgage loans for doctors in Alaska in seconds.

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U.S. Mortgage Loan Rates

7/157/227/298/58/198/269/99/239/3010/7
Current rates - October 07, 2021
2.99%30-Year Fixed
2.23%15-Year Fixed
2.52%5/1 ARM

Alaska Mortgage Loan Facts

As a state that reminiscent of the Old West with its wide open spaces and small close knit communities, the state of Alaska is home to approximately 665,000 people, with 40% of the population being in Anchorage. Still, the land mass is about 375 million acres, which means there is one person for every one and a half acres,making this an ideal location for raising families and connecting with community members. Despite a higher cost of living, approximately 1,700 physicians make this state their home. Currently, Alaska ranks #3 in the United States as one of the best places for doctors to practice medicine.

$268,800

Avarage
Home Value

130.4

Cost of Living Index
(45th in the U.S.)

66.5%

Home-ownership
Rate

1,794

Number
of Doctors

Physician Mortgage Loans in Alaska

CompanyLoan Amounts For
Residents & FellowsLoan Amounts For
Practicing PhysiciansMinimum
Credit ScoreStates available in
States AvailableAK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
About

About Flagstar Bank
Flagstar Bank is a $16.9 billion savings and loan holding company headquartered in Troy, Michigan. Flagstar provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 90 retail locations in 29 states, representing the combined retail branches of Flagstar and Opes Advisors mortgage division.

Flagstar Doctor Mortgage Program
Flagstar's doctor mortgage program offers no down payment financing up to $850,000 and up to $1.5 million with down payments based on loan amounts. The mortgage loan program is available in all 50 states for both new purchases and refinancing existing mortgage loans. Non-occupant co-borrowers are allowed.

Products available only on 5-1 and 7-1 adjustable rate mortgages; no fixed rates. Flagstar has a minimum credit score requirement of 710.

Pros

  • Available many types of healthcare professionals
  • Can be used for both new purchases and refinancing existing homes
  • Non-occupant co-borrowers are allowed on the loan
  • Can close up to 60 days prior to starting employment
  • No PMI required

Cons

  • Only adjustable rate mortgages available (no fixed rates)

Eligible Borrowers

  • Medical Resident (Educational License)
  • Medical Doctor (MD)
  • Doctor of Dental Surgery (DDS)
  • Doctor of Dental Medicine (DMD)
  • Doctor of Optometry (OD)
  • Doctor of Ophthalmology (MD)
  • Doctor of Podiatric Medicine (DPM)
  • Doctor of Osteopathy (DO)
  • Nurse Anesthetist
  • Nurse Practitioner
  • Clinical Nurse Specialist
  • Veterinarian

Learn More: Flagstar Bank Physician Loan Review

States AvailableAK, CO, CT, ID, IN, MA, ME, MI, NY, OH, OR, PA, UT, VT, WA
About

Headquartered in Cleveland, Ohio, KeyBank is one of the nation's largest banks with $137 billion in assets and over 1,100 full-service branches in 15 states. KeyBank provides retail and commercial banking services, investment management, and consumer lending products across the United States.

KeyBank's doctor loan program provides up to $3.5 million with no PMI for single-family housing and condos. Fixed and variable rate options are available for this program.

  • 0%¹ down for loan amounts up to $750,000
  • 5%¹ down for loan amounts up to $1,000,000
  • 10%¹ down for loan amounts up to $1,500,000

Eligible borrowers include:

  • Medical Doctor (MD)
  • Doctor of Dental Surgery (DDS)
  • Doctor of Dental Medicine (DMD)
  • Doctor of Osteopathy (DO)
  • Doctor of Podiatric Medicine (DPM)

Highlights:

  • Loan options available for purchase, as well as rate/term and cash-out refinances
  • Eligible property types include owner-occupied primary residences and second homes
  • Available for 1-unit single-family homes, attached or detached, condos, or planned unit developments

Learn More: KeyBank Physician Loan Review

NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. Information and offer are subject to change without notice. All loans are subject to credit and collateral approval. Not all loans or products are available in all states.

KeyBank is Member FDIC and an Equal Housing Lender NMLS# 399797.

¹Geographic restrictions may apply. Ask us for details.

States AvailableHI, GA, FL, DC, DE, CT, CO, CA, AR, AZ, AK, AL
About

Here is a brief rundown of LoanDepot's guidelines as of 2021:

  • 95% loan to $1.5M with no mortgage insurance
  • 80% loan to $2M with no mortgage insurance
  • Credit score as low as 700 minimum
  • Low reserves required and may be 401k/retirement
  • Purchase or rate/term refinance
  • Fixed and ARM options, fixed only on 5% down
  • Available to MD, DO, DDS, DMD, OD, DPM, NP, others
  • Single Family or Condo’s allowed
  • May close within 2 months of new employment
  • May exclude student loans if deferred more than 12 months
  • Currently licensed in AZ, CA, CO, FL, HI, KS, MO, OK, OR, and WA; currently seeking licenses for over 10 more states.
  • Gifts allowed (including international), 5% personal funds minimum
  • 1099 income is accepted as long as 1 year of taxes showing similar income to qualifying

Learn More: LoanDepot Physician Loan Review

States AvailableWY, WI, WA, VA, UT, TX, TN, SD, SC, PA, OR, OK, OH, ND, NC, NM, NH, MT, MS, MN, MD, LA, KY, KS, IA, ID, FL, DC, DE, CA, AR, AZ, AK, AL
About

About NEO Home Loans
Based in Salt Lake City, the NEO Home Loans team is a division of Celebrity Home Loans that focuses on helping medical professionals avoid the landmines during the home buying process. The NEO Home Loans team has helped thousands of medical professionals secure mortgage loans nationwide.

NEO Home Loans Doctor Mortgage Program
NEO Home Loans offers medical loan programs that allow borrowers to obtain up to $1.5 million in financing for new home purchases. Eligible properties include single-family, multi-family, and condo units.

Pros

  • 100% financing up to $750k (not available in all states)
  • Both fixed and adjustable-rate options available
  • Can use gifted or borrowed funds for your down payment

Cons

  • 100% financing not available in all states

Eligible Borrowers

  • Medical Doctor (MD)
  • Doctor of Dental Surgery (DDS)
  • Doctor of Dental Medicine (DMD)
  • Doctor of Osteopathy (DO)
  • Doctor of Optometry (OD)
  • Physician Assistant (PA)
  • Certified Registered Nurse Anesthetist (CRNA)

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