Physician Lenders Available in Iowa   

Regions Bank


  • Offers mortgage loans to medical physicians, including Residents, Fellows, Doctor of Dental Medicine (DMD/DDS) or Doctor of Osteopathy (DO).
  • Doctors who have been self-employed for a minimum of 3 years are eligible.  For self-employed physicians, income will be averaged based upon the most recent two years business and personal tax returns.
  • 1099 income with contract is allowed – must have minimum monthly income guarantee.
  • Mortgages are available for purchases and refinances.
  • They offer fixed rate and ARMS. Available ARMS are 5, 7 and 10 years fixed. Loan terms are 30 years for ARMS.
  • Loan terms are 15 and 30 year for fixed rate mortgages.
  • No private mortgage insurance (PMI).
  • 100% financing is available.
  • For loan amounts less than $750,000, 100% financing is available. For loan amounts up to $1,000,000, 95% financing is available.
  • Student loans are not included in the debt to income ratio with sufficient documentation supporting that the student loans are currently in deferment/forbearance.
  • This loan is for primary residences only, single-family residences, and townhomes.
  • Minimum credit score is 720 for loan amounts above $453,100.
  • Minimum credit score is 700 for loan amounts below at or below $453,100.
  • Residents entering medical profession are required to have a copy of the executed written agreement as evidence of employment or future employment.

*Please complete the form to connect with the lender of choice. 

National Lender

(The name of this bank has been omitted to comply with their trademark policies)


  • 95% Financing up to $1,000,000 (some restrictions apply)
  • 90% Financing up to $1,500,000 (some restrictions apply)
  • Maximum Loan Amount ** $1,500,000
  • Private Mortgage Insurance Not Required (No PMI)
  • Close on your home up to 60 days prior to new employment start date (with signed contract)
  • Eligible professions include Residents, MD, DDS, DMD,OD, DPM and DO
  • Student loans deferred for at least 12 months after closing not included in debt ratios.
  • Eligible Property Types One-unit Single Family, Warrantable Condos and PUDs
  • Eligible Products: 15 and 30 Year Fixed Rates. 5/1, 7/1 and 10/1 ARM (Fully Amortizing)
  • 720 credit score required

*Please complete the form to connect with the lender of choice. 

Opes Advisors
(A Division of Flagstar Bank)


The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.

  • 100% loan to $850,000 with no mortgage insurance
  • Low down payment on loans up to $1.5M
  • Deferred medical student debt may not affect your qualifying loan amount.
  • 80% loan to $1.75M with no mortgage insurance.
  • Purchase and rate/term refinance for primary residence.
  • 5/1 and 7/1 Adjustable Rate Mortgages (ARMs) ONLY
  • MD, DDS, DMD, DO, DPM and Veterinarians accepted.
  • Non-occupant co-borrowers

*Please complete the form to connect with the lender of choice. 


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