Huntington Bank Physician Loans, Huntington physician mortgage guide

Huntington Bank Physician Loan programs help eligible medical professionals buy homes with flexible terms and low-down-payment options.

What Is the Huntington Bank Physician Loan Program?

Huntington Bank Physician Loan Program is a specialized mortgage program designed for medical professionals, including those:

• Physicians
• Dentists
• Veterinarians
• Residents
• Fellows
• Graduating medical students

Unlike conventional mortgages, physician loans offer more flexible terms that account for your medical career trajectory. They recognize that while you may have limited cash reserves now, your income will likely increase substantially over time.

This program is designed for doctors who often have:

• High student loan balances
• Limited savings after medical school
• Strong future earning potential
• Employment contracts instead of long income histories

This loan offers flexible underwriting standards, high loan limits, low or no down payment options, and no private mortgage insurance (PMI).

What Makes Physician Loans Different?

Traditional lenders usually focus heavily on something like:

• debt-to-income ratio
• cash reserves
• long employment history

But physician mortgage lenders are different. They recognize that doctors are different borrowers.

Hence, a new physician may have these items:

• $300,000+ in student debt
• only a few months of savings
• little employment history
• but a signed contract for a high future salary

Key Advantages Over Conventional Mortgages

Huntington Bank’s physician mortgage programs offer several distinct advantages compared to traditional home loans:

1. No PMI Even With Low Down Payments

While conventional loans typically require 20% down to avoid private mortgage insurance (PMI), Huntington physician loans eliminate PMI even with minimal down payments. This can help you save thousands of dollars over the life of the loan. 

Also, qualified medical professionals may receive up to 100% financing:

• The maximum loan amount at 100% financing is $1,000,000
• at 95% financing is $1,750,000
• 90% financing is $2,500,000 

Updated on 05/20/2026. Source: huntington.com

This means you can purchase a home with little to no money down while still avoiding PMI costs that would normally add hundreds to your monthly payment.

2. Flexible Student Loan Treatment

Unlike standard mortgages, Huntington’s physician loans factor in your student debt differently. Rather than counting the full payment amount in your debt-to-income ratio, they may use an income-based calculation or discount student debt altogether, especially for loans in deferment.

3. Employment Contract Acceptance

Huntington understands the transition periods in medical careers and offers solutions like allowing closing up to 90 days before starting a new position, with just an employment contract as verification.

4. Higher Loan Limits

Recognizing that physicians often purchase higher-value homes, Huntington offers loan amounts up to $2.5 million, significantly higher than many conventional mortgage limits.

Who Qualifies for Huntington Physician Loans?

Huntington Bank’s physician loan program is available to professionals with specific medical credentials. Eligible degrees include:

Medical Doctors (MD)

This includes all specialties, from family medicine and internal medicine to surgeons and specialists across all fields of medicine.

Doctors of Osteopathic Medicine (DO)

Osteopathic physicians qualify with the same benefits as MDs, reflecting their equivalent training and practice rights.

Dentists (DDS, DMD)

Both Doctor of Dental Surgery and Doctor of Medical Dentistry degrees qualify for the physician loan program, recognizing dental professionals as high-earning medical practitioners.

Veterinarians (DVM)

Doctors of Veterinary Medicine are included in Huntington’s physician loan program, acknowledging their specialized medical training and career earning potential.

Career Stages That May Qualify

Medical Residents

Even if you’re still in residency, you can qualify for Huntington’s physician loans. The program recognizes that while your current income may be modest, your future earning potential is substantial. Special provisions exist for residents, including higher debt-to-income ratio allowances.

Residents and Fellows

Medical professionals completing fellowships are eligible for similar benefits to residents, acknowledging this specialized training period as a transitional career stage.

Practicing Physicians

Established doctors benefit from the program’s favorable terms while typically enjoying even more flexible qualification standards due to their proven income history.

New Graduates

Recent graduates with a signed employment contract can qualify even before beginning practice, with loans potentially closing up to 90 days before your start date.

Self-Employed Doctors

Self-employed physicians may qualify using:

• tax returns
• business income documentation
• or alternative income verification programs in some cases

Credit and Financial Requirements

While physician loans offer more flexibility, some standard financial requirements still apply:

Credit Score

Though specific minimums may vary, Huntington generally looks for credit scores of 720 or higher for the most favorable terms. However, they may approve loans with lower scores, especially for doctors with strong employment contracts.

Debt-to-Income Ratio

Traditional mortgages typically cap debt-to-income ratios at 43%, but Huntington’s physician program may allow ratios up to 50% or higher for medical professionals, particularly residents and new physicians.

Available Loan Amounts

Huntington Bank structures its physician loan program with tiered financing options based on your needs and qualifications:

100% Financing up to $1 Million

One of the most attractive features of Huntington’s physician loans is the ability to finance 100% of your home purchase up to $1 million without requiring private mortgage insurance. This zero-down option removes one of the biggest barriers to homeownership for medical professionals carrying student debt.

95% Financing up to $1.25 Million

For homes in a slightly higher price range, you can secure a loan with just 5% down on properties valued up to $1.25 million, still without PMI requirements.

90% Financing up to $2 Million

With a 10% down payment, qualified medical professionals can finance properties valued up to $2 million.

85% Financing up to $2.5 Million

For luxury homes or properties in high-cost areas, Huntington offers financing up to $2.5 million with a 15% down payment.

Interest Rate Options

Fixed-Rate Mortgages

Huntington offers traditional fixed-rate options for physicians who prefer payment stability. These typically include:

• 15-year fixed
• 30-year fixed

With fixed-rate mortgages, you can predict your monthly payments. 

Adjustable-Rate Mortgages (ARMs)

For those planning to move or refinance within a few years, Huntington provides adjustable-rate options that often start with lower initial rates. Common physician ARM products include:

• 3-year ARM
• 5-year ARM
• 7-year ARM
• 10-year ARM
• 15-year ARM

Property Types and Restrictions

Eligible Properties

Huntington’s physician loans can be used for various property types, including:

• Single-family homes
• Condominiums
• Planned Unit Developments (PUDs)
• Two-unit properties (if one unit is owner-occupied)

Primary Residence Loan Requirement

Primary residential mortgages are specialized loans designed for your primary residence. The home where you’ll live most of the time. They’re not intended for a Property Investment Mortgage or a Vacation Home Loan.

Geographic Availability

Huntington Bank’s physician loans are available in states where they maintain operations, including but not limited to Ohio, Michigan, Indiana, Pennsylvania, Kentucky, West Virginia, Illinois, and Wisconsin. Specific options may vary by location.

Benefits for Residents and New Physicians

Pre-Employment Closing Options

90+ Day Pre-Start Date Closing

One of Huntington’s most valuable features for new physicians is the ability to close on your home up to 90 days (and sometimes more) before starting your new position. This timing flexibility allows you to get settled before beginning work, particularly helpful when relocating for a new job.

Employment Contract as Proof of Income

Unlike traditional mortgages that require pay stubs or years of income history, Huntington accepts a signed employment contract as sufficient income verification. This acknowledgment of your future earning potential removes a significant barrier for residents transitioning to practice.

Debt-to-Income Considerations

Higher DTI Allowances

Recognizing the temporary income constraints during residency and fellowship, Huntington allows higher debt-to-income ratios, up to 50% or sometimes more, compared to the typical 43% cap on conventional loans.

Student Loan Calculation Methods

For loans in deferment or income-based repayment plans, Huntington may calculate your student debt obligation more favorably than traditional lenders. They might use your actual income-driven payment rather than a percentage of the total loan balance, making qualification easier.

Special Programs for Medical Residents

Residency-Specific Loan Terms

Huntington offers tailored solutions for residents, understanding that your income will increase dramatically after training. These specialized programs account for your current limited income while recognizing your strong future earning potential.

Deferred Payment Options

Some physician loan programs may offer reduced payment options during residency, though specific terms vary based on individual circumstances and current offerings.

Professional Association Benefits

Members of medical associations like the American Medical Association (AMA) may qualify for additional benefits or specialized loan programs through Huntington’s partnerships with professional organizations.

Application Process and Documentation

Step-by-Step Application Guide

Initial Consultation

The process begins with a conversation with a Huntington mortgage loan officer who specializes in physician loans. They’ll explain your options, answer questions about the program, and help determine the best approach based on your specific situation.

Pre-Qualification/Pre-Approval

Before house hunting, get pre-qualified or pre-approved to understand your budget and strengthen your position when making offers. Pre-approval involves a more thorough verification of your financial information and results in a conditional commitment letter.

Formal Application Submission

Once you’ve found a property, you’ll submit a complete mortgage application. Your loan officer will guide you through this process, helping you understand the required documentation and next steps.

Underwriting Process

During underwriting, Huntington reviews all aspects of your application, including credit history, employment verification, and property appraisal. For physician loans, they’ll apply their specialized criteria that account for your medical career.

Closing

After approval, you’ll schedule a closing where you’ll sign final documents and receive the keys to your new home. For new physicians with future start dates, this can occur up to 90+ days before beginning your position.

Required Documentation

Professional Credentials

You’ll need to provide proof of your medical degree (MD, DO, DDS, DMD, or DVM) and, if applicable, documentation of your residency, fellowship, or practice position.

Employment Verification

Depending on your career stage, this may include:

• Signed employment or offer letter (for new physicians)
• Residency match letter (for medical students entering residency)
• Current pay stubs and W-2 forms (for established physicians)
• Business tax returns (for self-employed doctors)

Financial Documentation

Standard financial documents typically include:

• Recent bank statements (typically 2-3 months)
• Investment account statements
• Student loan documentation
• Additional debt statements (credit cards, car loans, etc.)
• Tax returns (usually 2 years, though requirements may be modified for new physicians)

Working with Specialized Loan Officers

Benefits of Physician Loan Specialists

Huntington has loan officers who specifically work with medical professionals and understand the nuances of physician finances. These specialists are familiar with the unique challenges and opportunities in medical careers and can guide you through the process more effectively than general mortgage lenders.

Questions to Ask Your Loan Officer

When speaking with a Huntington loan officer, consider asking:

• How many physician loans have you personally handled?
• What documentation will I need for my specific situation?
• How does my student debt affect my qualification?
• What is the current Mortgage Interest Rate for physician loans versus conventional options?
• Are there any upcoming program changes I should be aware of?