Regions offers their physician mortgage product in 15 states and is available for residents, fellows and practicing physicians with no restriction regarding the number of years in practice, which is unique relative to other lenders. Like most doctor loan programs, borrowers can close on a new home up to 60 days prior to the start of their employment.
- 100% financing available to physicians and dentists
- Bi-weekly payment options available
- Both fixed and adjustable-rate options available
- Can be used for new and refinancing existing homes
- Can close up to 60 days prior to starting new employment
- Available regardless of the number of years in practice (unless self-employed)
- Not available nationwide
- Additional down payment may be required if the property is in a declining market
Regions Bank, Member FDIC, Equal Housing Lender, NMLS# 174490. This is not a commitment to lend or extend credit. Terms, conditions, and restrictions may apply. All loans are subject to credit and collateral approval.