MD Mortgage Loan is the number one place to find New York-based lenders specializing in doctor mortgage financing. While physician loan programs vary between the various banks, one thing they all have in common is that they do not require private mortgage insurance.
Over 5,000 doctors live in New York. We make it easy for doctors to find home loan programs that offer benefits such as no mortgage insurance required, favorable repayments, highly competitive interest rates, and programs that do not include student debt in the debt-to-income ratio. Whether you are a doctor living or moving to the Bronx, Kings (Brooklyn), Nassau, New York (Manhattan), Queens, Richmond (Staten Island), Suffolk, or Westchester counties, MD Mortgage Loan can help you find a physician mortgage loan. We have many doctor loan programs offered by many banks. It is easy to get paired with the best doctor mortgage lender in your area. Simply click here.
Three of the top New York licensed Physician Mortgage Lenders are:
First Horizon Physician Mortgage Program in New York
- Eligible Medical Professions include: MD, DO, OMS, DPM
- Up to 100% financing for loans up to $1,500,000
- For the purchase of primary residence only
- 30-Year Fixed Rate
- Student debt is not included in qualifying if deferred for more than 12 months
- Loan amounts up to $2,500,000
- Adjustable Rate Mortgages are available
- Minimum 680 Credit Score
- Advantages – HIGHLY competitive interest rates, No mortgage insurance, Favorable repayment terms, No prepayment penalty
TD Bank Physician Mortgage Program in New York
- Up to 100% financing with no PMI for loan amounts up to $750,000
- Up to 95% financing with no PMI for purchases up to $1.3M
- Up to 90% financing with no PMI for purchases up to $2M–MD, DO, DPM, DDS, DMD
- Primary residences only
- Flexible DTI requirements for high-income earners
Wintrust Physician Mortgage Program in New York
- Eligible Professionals Include actively practicing:
- Existing or newly licensed Medical Doctors (MD)
- Doctors of Osteopathic Medicine (DO)
- Doctors of Dental Science (DDS)
- Doctors of Dental Medicine (DMD)
- Veterinarians
- Highlights:
- Low down payment options
- Up to 12 months of deferred medical student debt
- Adjustable-Rate Mortgages
- Financing available for primary residence properties
- No private mortgage insurance required
