Exclusive 100% Financing for Physicians
0 Results Found
3 Things You Should Know About Wisconsin Hospitals
Are you looking into Wisconsin hospitals? You’re in luck, because there are plenty of them! This wonderful state is very forward with its healthcare services and is always looking to accept more Wisconsin doctors to be added to the roster.
As a physician looking to expand your medical horizons, you’ve decided to start your practice in Wisconsin. This is a great move, but you also want to make sure you have a bit of insight on what to expect when you start setting up shop.
No need to worry. This article informs you on some facts you need to know about hospitals in Wisconsin, so read on to find out more!
1. University of Wisconsin Ranks Highest
Out of the numerous hospitals that dot this state, the University of Wisconsin hospitals rank number one on the list. Not only is it currently at the top of the board, but it has been labeled the best for the past ten years!
This comes as no surprise, of course. The University of Wisconsin continues to offer top-quality healthcare in Wisconsin, and it also grows in the medical and surgical specialties that it offers, including heart and lung surgery.
UW plans to keep branching out into other medical fields and building its practice.
2. The Natives Are Big on Healthcare
If you’re worried about getting clients to come to your practice, you can place those concerns to the side. In Wisconsin, you’ll definitely have your hands full with work!
Wisconsin natives seem to be big on taking care of their health, so much so that the average hospital is brimming with patients! With this in mind, you can breathe easier knowing you’ll always have a healthy rotation of patients entering your practice.
3. Many Specialties Are Practiced Here
Usually, when you think about areas that offer a wide range of medical specialties, pictures of heavily populated states like California and New York come to mind. However, you will find that plenty of popular and lesser-known medical procedures are done in Wisconsin.
From bypass surgeries to colon cancer surgeries, hip repair and replacement, stroke treatments, and transcatheter aortic valve replacement, it can be found here. There’s a practice for everything, and yours can be next!
Find Wisconsin Hospitals That Fit Your Needs
Now that you know a few things about Wisconsin hospitals, you shouldn’t have a problem finding one that’s perfect for beginning or continuing your practice. The next step is getting your hands on a mortgage that will work for your financial needs. We can help you take care of that.
Dr. Home Finance specializes in creating custom physician mortgages for doctors who need help financing their practice. The application process is fast and simple, and you’ll be connected to lenders willing to help you in minutes.
Ready to get started? Take a look through our site to learn more about what we do, or start looking for lenders for your area today. It’s time to start setting up your practice!
Looking for a Physician Mortgage Specialist in Wisconsin?
Whether you are relocating with a physician loan or need a new physician loan, we have helped doctors just like you; Milwaukee, the great city of Madison, and Green Bay while not forgetting about Kenosha.
Our network of Bankers closed over one billion dollars in mortgages last year, and our vetted banker network is ready to help you.
Take advantage of the best mortgage product in the country, and contact one of our verified lenders today!
As a medical professional you understand the importance of specialization
- Choose the right specialist for your home finance needs
- Custom strategy for your needs. Get 3-4 times higher loan amounts than conventional loans
- Not all physician loan providers are the same. Our network is vetted so you don’t have to wonder
The Physician’s Guide to Buying a First Home in Wisconsin
You’re a doctor? That means you’ve been living a life of rigor and financial self-restraint for years. By now you’ve finished med school and possibly residency feeling ready to reap the rewards of all that hard work.
Unfortunately, with national home prices up 31% since 2020, you’re probably thinking, “I’m a doctor, but in this climate, I’ll never own my own home…”
Fear not.
With an understanding of Wisconsin real estate and available physician mortgaging options, you can easily own a beautiful home. …Even as an intern resident.
Here’s how.
Know Your Options
Most physicians begin residency with insane student debt, cruddy credit, and still making less than the teenagers at In-N-Out.
Despite all this, knowledge is power, and buying a home in Wisconsin is a real possibility.
The better you understand a doctor’s home loan, the more money you’ll save and the more easily you can land yourself in a beautiful home whether you’ve got a down payment or not.
This is why the first step to buying a home in Wisconsin is to put your study skills to good use.
Before you speak with lenders, you need to understand the basics of home finance for physicians and how they are different from the average buyer.
A few key items to research include:
- How do I qualify for a doctor’s home loan?
- What do common acronyms like ARM, DTI, and PMI mean?
- What does 0% down really entail?
Far too many physicians spend years learning their trade, but completely neglect learning how to manage their personal finances.
Know Wisconsin Real Estate, Know Yourself
The home you buy in Wisconsin will depend largely on the lifestyle you intend to lead–not to mention, where your hospital or clinic will be located.
Are you looking for a family-friendly neighborhood? Do you want somewhere with great nightlife?
Before you buy the nicest home on the market with that 0% down, be realistic about your needs. Suburbs of Milwaukee like Whitefish Bay or Elm Grove may have high Niche rankings, but if those areas don’t fit your personal needs and budget they won’t be the right fit for you.
Make an honest assessment of what you need in a home for this phase of life before hitting up Zillow.
Get Reliable Help
Unfortunately, some Wisconsin lenders hear the word “doctor” and automatically think “big paycheck.” Avoid being taken advantage of. Choose reliable resources.
Seek lenders who have specific expertise working with physician loans in Wisconsin.
Lenders who deal primarily with Wisconsin real estate and physician mortgages will be more able to help you get into the best mortgage for your circumstances. They will customize your strategy and help you get a higher loan than a conventional lender.
Talk to a Physician Mortgage Pro Today
Successfully navigating Wisconsin real estate requires preparation.
Fill out a simple form to contact all available physician mortgage lenders in Wisconsin today. Buying a home in today’s market is stressful, but for physicians with the right info and the right lender, it can be a reality.
1. Fifth Third Bank
Fifth Third Bank’s physician mortgage loan program is available to new and established MDs, dentists, and veterinarians (DPM, DDS, DMD, DVM, and OD).
A practicing doctor or dentist—that is, one who has been employed for at least a year or who has been self-employed for at least two years—may be eligible.
Non-residents, fellows, and new doctors also qualify for these same terms, but they must make a low down payment of $1 million.
2. BMO Harris
BMO Harris offers affordable home loans with no PMI and flexible debt-to-income underwriting options.
Even if you have student debt, are starting residency soon, and have an employment contract with a starting date within 90 days of closing, you may still qualify as a licensed medical doctor with MD, DDS, DMD, or DO credentials.
You can choose from the following options to fund your project:
- 0% down for up to $1 million
- 5% down for up to $1.5 million
- 10% down for up to $2 million
3. Wintrust
Formed in 1979 in Denver, Colorado, Wintrust Mortgage is one of the top 20 bank-owned retail mortgage originators and loan servicers in the country, originating in excess of $4 billion in loans annually, in all 50 states. We offer competitive pricing and a wide variety of mortgage products for the first-time homebuyer to the seasoned veteran, as well as the technology and support staff to ease you through the process.
With more than 65 lending offices across the U.S., and more than 175 bank branch locations, Wintrust Mortgage is committed to serving the financial needs of homeowners across the nation.
4. First Citizens Bank
First Citizens Bank provides physician mortgage loans to medical professionals with the following designations: MD, DM, DO, DPO, DDS, PA, CRNA, CRNP, and DPT.
First Citizens Bank offers the following physician mortgage benefits:
- Zero down payment with 100% financing.
- Capacity to build a home, refinance an existing one or buy a home.
- Mortgage split options are available. (80/20 mortgage: 80% as the first mortgage and 20% as a home equity loan.)
You must have at least three years of tax returns or an employment contract to satisfy the requirements, in addition to having a credit score of 700 or higher.
5. First Horizon Bank
When you apply for the First Horizon Bank physician mortgage loan, you can take advantage of no upfront PMI, higher loan amounts, and low credit score thresholds. You may close up to 90 days in advance of starting a new job, provided you have an employment contract. Physicians with a credit score of 680 or less may qualify.
There are three options for funding:
- 0% down for up to $1.5 million
- 5% down for up to $2 million
- 10% down for up to $2.5 million
6. First National Bank
Eligible MDs (Doctors of Medicine), DOs (Doctors of Osteopathic Medicine), dentists, veterinarians, and podiatrists may apply for First National Bank’s Doctor Loan program, provided they are less than 10 years from training. Those with more than 10 years are still eligible but must make a minimum 10% down payment.
Individuals with H-1B visas or green cards are welcome to apply. One must provide a signed offer letter or employment contract to be approved.
Up to 80% of the loan can be cash-out and refinanced. 30-year and 15-, 10-, 7-, and 5-year fixed-rate ARMs are available.
7. Flagstar Bank
Flagstar Bank offers doctor mortgage loans for home purchases and refinancing in all 50 states, with no PMI and up to 100% financing.
Anyone who has the following degrees may apply to Flagstar Bank: medical residents, MDs, DDSs, DMDs, ODs, Doctor of Pharmacy, DOs, RNs, physician assistants, nurse practitioners, clinical nurse specialists, ATP pilots, CPAs, attorneys, veterinarians.
To be eligible, one must be 10 years or less from the beginning of their career.
They provide ARMs or adjustable-rate mortgage refinances for H-1B visa holders or green card holders.
You must have at least a credit score of 720 to qualify for 0% down. You must have at least a credit score of 700 to qualify for 5% down.
You must provide two years’ worth of documentation if you are a 1099 worker.
8. Citizens Bank
A doctor loan from Citizens Bank is available to Doctors of Medicine (MD), Doctors of Osteopathic Medicine (DO), Doctors of Dental Medicine (DMD), and Doctors of Dental Surgery (DDS). However, you must have completed your residency within the last 10 years or be a current medical resident, fellow, or intern to qualify.
Citizens Bank offers the following financing options for physician mortgages:
Borrowers can choose between a fixed- or adjustable-rate loan.
9. Regions Bank
The Regions Bank Medical Professional Loans program does not require PMI and does not set a limitation on the length of time a medical professional must have been practicing in order to be eligible for a loan.
Regions Bank makes it easier to secure the loan amount you want by excluding some deferred student loan payments from your DTI ratio.
Pharmacists, nurse anesthetists, nurse practitioners, physician’s assistants, veterinarians, chiropractors, optometrists, podiatrists, MDs, DOs, DMDs, and DDSs, among others, are eligible for scholarships. Residents and fellows are also eligible.
You can close up to 60 days before the listed start date on your employment contract or date of transferred employment.
Non-permanent visa holders are not eligible.
There are 10-, 7-, and 5-year ARMs, as well as 30- and 15-year fixed-rate mortgages.
Regions Bank provides fast and friendly consultations at no credit check required.
10. S&T Bank
Doctors, lawyers, and doctorate holders are all eligible for S&T Bank’s professional mortgage program. You can qualify for this exclusive program without PMI if you are a medical doctor, attorney, or doctorate degree holder.
You can get up to 95% financing with 10-, 15-, 20- and 30-year repayment plans.
S&T Bank can provide VA mortgages to service members, veterans, and surviving spouses. The professional mortgage program, however, may provide more benefits.
11. Truist
Physicians, both new and established, can take advantage of the Trust doctor mortgage loan program to obtain low-interest rates and flexible payment plans.
Practicing doctors (MD, DO, DDS, DMD, or DPM) may be financed in one of the following ways:
- 0% down for loan amounts up to $1 million.
- 5% down for up to $1.5 million.
- 10.01% for up to $2 million.
A $750,000 loan amount is permitted, subject to certain restrictions, for accredited fellows and residents in the state.
12. U.S Bank
U.S. Bank provides professional mortgage options for medical physicians, including residents, fellows, and doctors of osteopathy (DO). Dentists and nurses are not eligible at this time.
You can borrow up to $2.5 million, but you’ll need a minimum down payment.
U.S. Bank doesn’t advertise the doctor mortgage loan on its website, so get in touch with Jonathan Brozek.