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Physician Mortgage Loans in Utah


How to Find the Best Physician Mortgage in Utah


When looking for a physician mortgage in Utah, it’s important to evaluate various lenders and scrutinize their terms, interest rates, and down payment requirements. An efficient strategy can be to work with a physician mortgage broker who specializes in physician mortgage plans, such as LeverageRx.

Any broker can help you find a conventional loan, but working with one who has extensive knowledge of physician mortgage plans can expedite your success. These loans have unique terms and eligibility conditions, so finding an agent with specialized experience is crucial.

LeverageRx is here to assist you in finding the best physician mortgage lenders in Utah. Our team, which has supported more than 50,000 physicians and healthcare providers, can connect you with suitable banks and top mortgage lenders.

After you’ve chosen your preferred lender, the next step is to complete a loan application and submit it. Before doing so, ensure you have collected all required documentation, including evidence of employment and verification of your education, certifications, or licensing as a healthcare professional. The bank will then review your application, conduct a credit analysis, and issue a preapproval based on the details provided.


Where to Find a Physician Loan in Utah


When on the lookout for a physician loan in Utah, it’s essential to focus on lenders and plans that are explicitly available within the state. Mortgage loan programs can vary greatly from state to state, hence it’s crucial to pinpoint lenders that cater to Utah residents.

Below are seven trustworthy physician mortgage loan providers for physicians in Utah.



BMO’s physician loan program is designed to meet the needs of medical professionals in Utah. The objective of this program is to eliminate obstacles doctors often face when buying a home, such as considerable student loan debt and the challenge of saving for a 20% down payment demanded by traditional loans.

Here are the principal attributes of BMO physician loans:

  • Eligible designations include: MD, DDS, DMD, DO
  • Up to 95% financing for loans reaching $1.5 million
  • Up to 90% financing for loans reaching $2 million
  • Restricted to primary residences only
  • Applies to both home purchase and refinancing
  • Construction financing options are also accessible

BMO offers its physician loan program to doctors, residents, and fellows in Utah and all other states, with the exception of New York. To explore your options and locate a lender, you can request your rates from LeverageRx.



For many physicians, obtaining a traditional loan can pose a significant challenge due to their hefty student loan debt. In Utah, Evolve approaches student loan debt differently, offering immediate homeownership opportunities that could have otherwise taken years.

Here are the essential features of Evolve’s physician loans:

  • Eligibility extends to MD, DO, DDS, DMD, PA, NP, DVM, CRNA, DC, OD, DPM, residents, fellows, pharmacists, and clinical nurse specialists
  • Up to 100% financing for loan amounts reaching $1,000,000
  • Up to 95% financing for loan amounts reaching $1,250,000
  • Up to 90% financing for loan amounts reaching $1,500,000
  • Up to 85% financing for loan amounts over $2,000,000
  • Mortgages for primary residences, co-ops, condos, land purchases, and construction financing

Evolve Bank & Trust focuses on physician mortgages for medical professionals within 10 years of finishing their residency or fellowship. Those with over a decade in practice do not qualify for Evolve’s doctor loan. To get in touch with an Evolve lender, you can review your options through LeverageRx.


First Horizon

First Horizon understands the unique financial demands of healthcare practitioners and extends its physician mortgage loans to Utah along with 13 other states. The program’s distinctive features include:

  • Qualifying designations: MD, DO, DDS, DMD, CRNA, CPA, DPM
  • Accessible in 14 states, Utah included
  • Financing covers up to 100% for loans amounting to $1.5 million
  • Up to 95% financing for loans worth up to $2 million
  • Up to 90% financing for loans valuing up to $2.5 million
  • Capability to finalize the loan up to 6 months before starting employment
  • Private Mortgage Insurance (PMI) isn’t required

First Horizon is a trusted option for medical professionals seeking a physician mortgage loan in Utah. To identify a First Horizon lender that fits your needs, you can explore your options through LeverageRx.


Heritage Bank NA

Heritage Bank NA is a great choice for physicians and medical practitioners in Utah who are seeking extensive financing for their homes. An overview of their program follows:

  • Zero down payment necessary for homes costing up to $1 million
  • Qualified roles: MD, DDS, DO, OD, DPM, and DVM
  • Available to both practicing and resident physicians
  • No obligation for Private Mortgage Insurance (PMI)
  • Allows occupancy up to 60 days prior to starting your next job
  • Applicable to both main and vacation homes

The physician mortgage loan from Heritage Bank NA is notable for its low down payment, higher loan-to-value ratio, and flexible payment schedules and repayment alternatives. To connect with a lender from Heritage Bank NA, you can request your rates through LeverageRx.


Huntington Bank

Huntington Bank’s physician loan program is available to a broad array of medical professionals in Utah, such as MD, DO, DDS, DMD, DPM, and DVM. The bank’s physician mortgages are available to a broader range of professions than many other lenders. Key elements include:

  • Limited to primary residences
  • No financing provided for new constructions
  • Both home buying and refinancing opportunities are accessible
  • Up to 100% financing for loans amounting to $1 million
  • Up to 95% financing for loans worth up to $1.25 million
  • Up to 90% financing for loans valuing up to $2 million

It’s important to note that for loans exceeding $1.25 million, Huntington Bank requires borrowers to have at least one year of practice, making it less unavailable for residents. However, loans under $1.25 million are open whether you’re in training or practicing. For a comprehensive understanding of Huntington Bank’s physician loan program, refer to our detailed Huntington Bank Physician Loan Review.



In Utah, Truist offers a physician loan program specifically created for healthcare professionals. The program is for individuals with the following qualifications: MD, DO, DPM, DDS, and DMD. Truist provides financing solutions for your primary residence whether you’re a practicing physician, dentist, oral surgeon, resident, or fellow.

Truist’s physician loan program features:

  • Purchase or refinance options
  • 100% financing for loan amounts up to $1 million
  • 95% financing for loan amounts up to $1.5 million
  • 90% financing for loan amounts up to $2 million
  • Availability of both adjustable-rate mortgages (ARMs) and fixed-rate mortgages
  • Eligible properties are single-family homes and condos
  • Easy-going income-to-debt prerequisite
  • No need for private mortgage insurance (PMI)

For more details, take a look at our comprehensive Truist Physician Loan Review.


US Bank

US Bank’s physician mortgage loans are available to MDs and DOs in Utah, presenting financial alternatives for their new property purchases. Whether you’re nearing the conclusion of your residency or have more than ten years of professional experience, US Bank caters to your specifications.

Key aspects of US Bank’s physician loan program involve:

  • Qualified roles: MD, DO
  • Only applicable for primary residences
  • Financing up to 90% for loan sums up to $1.25 million
  • Financing up to 85% for loan values up to $1.5 million
  • Financing up to 80% for loan figures up to $2 million

It’s important to recognize that US Bank has more qualification criteria relative to other physician loan programs. Among the doctor home loan programs available on LeverageRx, US Bank accommodates a more limited range of healthcare professionals (exclusively MD and DO). Moreover, they don’t provide an option for 100% financing. For an in-depth insight, we suggest looking through our US Bank Physician Loan Review.