How to Obtain a Physician Mortgage in Kansas

Securing a physician mortgage in Kansas necessitates finding a suitable lender that caters to your specific requirements. To simplify the process, begin by comparing lenders that operate specifically in Kansas and offer physician mortgage programs. Working with a physician  mortgage broker who possesses expertise in physician mortgage programs can greatly assist you in this endeavor. A broker will connect you with reputable lenders who understand the distinct needs of medical professionals, allowing you to compare rates, terms, and down payment options available within the state.

It is important to note that not all brokers possess a comprehensive understanding of physician mortgage loan programs. Therefore, it is recommended to seek out a broker with expertise in this particular area. LeverageRx is available to assist you in locating lenders in Kansas who specialize in serving physicians and healthcare providers.

Once you have selected a lender, the next step is to complete and submit a loan application. Make sure you are well-prepared to provide all the necessary documentation, including proof of employment, educational background, certifications, and healthcare professional licenses.

Where to Find a Physician Loan in Kansas

When searching for a physician loan in Kansas, it is essential to focus on lenders that offer programs specifically for the state. This ensures that you work with lenders who possess a thorough understanding of the local market and adhere to state-specific regulations. Keep in mind that loan programs can vary between states, so the options available in Kansas may differ from those in other states.

Here are seven reputable lenders offering physician mortgage loans in Kansas.

BMO

The physician loan program offered by BMO Harris Bank provides a range of home financing solutions tailored to meet the needs of medical professionals in Kansas. This program aims to eliminate the hurdles doctors often face when trying to become homeowners, such as significant student loan debt and limited funds for a traditional 20% down payment.

Here are the key features of BMO Harris Bank’s physician loan program in Kansas:

• Eligible Designations: MD, DDS, DMD, DO
• Financing of up to 95% available for loans up to $1.5 million*
• Financing of up to 90% available for loans up to $2 million
• Available for primary residences only
• Options for both home purchase and refinancing
• Construction financing options are also available

BMO Harris Bank’s physician loans are accessible to qualified licensed medical doctors, residents, and fellows in Kansas and other states, with the exception of New York. For a more comprehensive understanding of this program, we recommend reading our detailed BMO Physician Loan Review.

Evolve

Qualifying for a conventional loan to purchase real estate can be challenging for many physicians due to high amounts of student loan debt. However, Evolve Bank & Trust offers physician loans that take a unique approach to student loan debt, enabling immediate homeownership for those who would typically have to wait years to qualify.

Here are the key features of Evolve physician loans available in Kansas:

• Eligible Professionals: MD, DO, DDS, DMD, PA, NP, DVM, CRNA, DC, OD, DPM, residents, fellows, pharmacists, and clinical nurse specialists
• Up to 100% financing available for loans up to $1,000,000
• Up to 95% financing available for loans up to $1,250,000
• Up to 90% financing available for loans up to $1,500,000
• Up to 85% financing available for loans exceeding $2,000,000
• Flexible mortgage options for primary residences, co-ops, condos, land purchases, and construction financing.

Evolve Bank & Trust provides physician mortgages for medical professionals who are within 10 years of completing their residency or fellowship training. Physicians with over a decade of experience are ineligible for the doctor loan program. To explore your options and connect with an Evolve lender, check your eligibility through LeverageRx.

First Horizon

First Horizon recognizes the unique financing needs of medical professionals in Kansas and extends its physician mortgage loan program to cater to their requirements. While their program primarily serves the southern United States, they also offer their services in Kansas.

Here are the notable features of First Horizon’s physician mortgage loan program in Kansas:

• Eligible Designations: MD, DO, DDS, DMD, CRNA, CPA, DPM
• Available in 14 states, including Kansas
• 100% financing available for loans up to $1.5 million
• 95% financing available for loans up to $2 million
• 90% financing available for loans up to $2.5 million
• Ability to close on the loan up to 6 months prior to the employment start date
• No requirement for private mortgage insurance (PMI)

To explore your options and connect with a lender from First Horizon, you can check your eligibility and available mortgage rates through LeverageRx.

FNBO

First National Bank of Omaha (FNBO) offers its physician loan program to the following degrees: MD, DO, DDS, DMD, CRNA, NP, PA, and DVM.

Here are the key features of FNBO’s physician loan program in Kansas:

• 100% financing available for loans up to $850,000
• 10% down payment option available for loans up to $1.5 million
• Competitive interest rates
• Flexible credit and income qualifying guidelines
• No requirement for private mortgage insurance (PMI)

FNBO offers both fixed and variable-interest-rate mortgages to provide flexibility for borrowers. As part of the application process, FNBO requires borrowers to open an account and enroll in AutoPay. To explore your options and connect with a lender from FNBO, you can check your eligibility and available mortgage rates through LeverageRx.

Heritage Bank NA

Heritage Bank NA offers a physician mortgage program in Kansas that provides attractive benefits for home purchases.

Here are the key highlights of Heritage Bank NA’s physician mortgage program:

• $0 down payment required for homes up to $1 million
• Eligible designations include MD, DDS, DO, OD, DPM, and DVM
• Available to both practicing and resident physicians
• No requirement for private mortgage insurance (PMI)
• Option to move in up to 60 days prior to starting your next position
• Available for both primary and secondary homes

With a Physician Mortgage Loan from Heritage Bank NA, you can benefit from a lower down payment, a higher loan-to-value ratio, flexible payment calculations, and repayment options to meet your needs. You also have the choice between a fixed-rate loan and an adjustable-rate loan. To explore your options in Kansas and connect with a lender from Heritage Bank NA, you can check your eligibility and available mortgage rates through LeverageRx.

Huntington

In Kansas, physicians can benefit from the physician loan program offered by Huntington Bank. What sets Huntington Bank apart is its wide range of eligible medical specialties, including MD, DO, DDS, DMD, DPM, and DVM.

Here are the key highlights of Huntington Bank’s physician loan program in Kansas:

• Available for primary residences only
• Not applicable for new construction financing
• Suitable for both purchase and refinance transactions
• Up to 100% financing available for loans up to $1 million
• Up to 95% financing available for loans up to $1.25 million
• Up to 90% financing available for loans up to $2 million

It’s important to note that loans exceeding $1.25 million require at least one year of attending status, making them unavailable to residents. However, loans below $1.25 million are accessible to physicians at all stages of their careers, including those in training.

For more detailed information about Huntington Bank’s physician loan program, we recommend reading our Huntington Bank Physician Loan Review, which provides a comprehensive overview of the program.

US Bank

US Bank offers physician mortgage loans to medical professionals across all 50 states. Whether you are nearing the end of your residency program or have been practicing for many years, US Bank is here to provide financing for your new home.

Here are the key highlights of US Bank’s physician loan program in Kansas:

• Available for MD and DO designations
• Limited to primary residences only
• Up to 90% financing available for loans up to $1.25 million
• Up to 85% financing available for loans up to $1.5 million
• Up to 80% financing available for loans up to $2 million

It’s worth noting that US Bank has restricted eligibility to only a few medical professional designations, MD and DO. Additionally, there is no loan option with 100% financing.

For a more detailed understanding of US Bank’s physician loan program, we recommend reading our US Bank Physician Loan Review, which provides a thorough overview of the program’s features and offerings.