100% financing up to $1MM for MD, DO, DPM, DDS and DMDs.
What Is Truist?
Truist Bank is the result of a result of the merger between SunTrust and BB&T. This Truist Physician Loan Review (Updated 2025) provides an in-depth analysis of their physician mortgage loan program.
Truist bank is a purpose-driven financial services company. From personal and business banking accounts to credit cards and physician loan products, Truist offers a broad spectrum of services.
Truist calls itself a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist offers services such as credit cards, investment products, checking and savings, small business banking and more. Headquartered in Charlotte, North Carolina, the merger landed Truist on the list of top 10 commercial banks in the country.
Truist Physician Loan Highlights
Truist’s Physician Loan is designed for medical professionals and offers attractive features like low down payments, competitive rates, and high loan limits. Here, we delve into the key features of the Truist Physician Loan.
The Truist Physician Loan is available to medical professionals with specific designations including MD, DO, DPM, DDS, and DMD. It is open to practicing physicians, residents, and fellows. However, Truist does not consider practicing physicians and dentists with over 10 years of experience to be eligible.
- Primary residence only
- Purchase or refinance
- 100% financing up to $1MM
- 95% financing up to $1.5MM
- 90% financing up to $2MM
- ARMs and fixed available
The property itself can be a single family or condo. As with all doctor loan programs, the debt-to-income requirement is relaxed and you will not pay private mortgage insurance (PMI).
Truist Alternatives
Since every program is similar, it is wise to shop around. LeverageRx connects you directly to the loan officers for your situation, or you can take a peek at popular alternatives.
While Truist offers a compelling physician loan program, it’s always wise to explore alternatives. Here are a few other banks that provide mortgage products designed for physicians and other high-income professionals.
BMO Bank
U.S. Bank is a national lender in all 50 states, but their doctor loan program is only available for MDs and DOs. If you have one of those degrees, then you can get 90% financing up to $1.25MM.
Learn More: BMO Physician Loan Review
Huntington Bank
Huntington Bank offers flexible physician mortgage options for medical doctors, dentists, podiatrists, and veterinarians. It approves mortgages for physicians with a DTI as high as 50%.
Learn More: Huntington Bank Physician Loan Review
US Bank
U.S. Bank is known for its range of services, including specialty loan programs for doctors. It offers more lenient terms than other conventional loans, including no PMI and generous flexible debt-to-income (DTI) calculators.
Learn More: U.S. Bank Physician Loan Review
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Truist Physician Loan Pros & Cons
Like any financial product, the Truist Physician Loan has its strengths and weaknesses. Here’s a look at the pros and cons.
Pros
- High maximum loan amount: You can borrow up to $2 million.
- Favorable rates: Truist offers competitive rates compared to other large banks in the U.S.
- No PMI: Truist waives the requirement for private mortgage insurance (PMI), potentially saving you thousands of dollars every year.
- Availability: The loan is available in many states and can cater to a large population of doctors.
- Full-service bank: Truist offers a wide range of banking services, making it convenient to manage all of your accounts in one place.
- Available for purchases and refinances
Cons
- Limited availability: The physician loans are available only in 22 states or up to 47 if paired with a Truist bank account.
- Restrictions: The loan is limited to select medical degrees.
- Larger banks come with stricter underwriting
- High Debt: Being able to borrow up to $2 million can lead to high monthly payments and potentially unmanageable debt.
Truist FAQ
Is Truist a good place to get a mortgage?
Truist can be a great choice for physician mortgages because they offer lending programs customized for medical professionals early in their careers. In addition, Truist offers business and personal banking services so that you can keep all your accounts in one place.
Is BB&T the same as Truist bank?
Yes, as of December 2019, BB&T merged with SunTrust and the new corporation is called Truist Bank.
What is the interest rate on a physician loan?
It should come as no surprise, given all the perks of physician loans, that the interest rates on physician loans are also better than a conventional loan.
Key Takeaways
The Truist Physician Loan provides an excellent opportunity for medical professionals to secure home financing. With its high borrowing limits, competitive rates, and the convenience of a full-service bank, it holds a strong position among physician mortgage lenders.
With any financial commitment, it is crucial to consider all aspects, including your personal financial situation and future plans. Always check rates and options with other mortgage lenders before making a decision. Working with a physician mortgage broker like Leverage Rx can simplify your search for the right lender greatly by connecting you with physician mortgage lenders based on your specific details.
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