Laurel Road is a brand of KeyBank. KeyBank will be the lender of your loan. KeyBank is a direct lender, which means we support borrowers throughout the entire loan process and provide funds at closing.
If you choose to make in school payments (e.g., flat payments, interest only, immediate repayment) then your first payment will be due about one month after your final disbursement (i.e., the last semester covered by your loan). If you select either the flat or interest only payment options your first payment of both principal and interest will be due about a month after your grace period ends.
If you choose to defer payments while in school, then your first payment will be due about a month after your grace period ends.
For more information, you should review your final closing documents for a detailed overview of your repayment terms.
Laurel Road’s Physician mortgage is a home loan tailored specifically to doctors, dentists and veterinarians featuring up to 100% financing for loans $750,000 or less (primary residences only – Not available in California). These loans have fewer restrictions than conventional mortgages and recognize the lender’s trust in medical professionals’ creditworthiness and earning potential.
Yes. Laurel Road is a brand of KeyBank, N.A. offering lending capabilities throughout the United States. Our digital lending platform is also available 24/7 @ https://ml.laurelroad.com.
U.S. Citizens and resident aliens are permitted.
No. This program is a sponsored portfolio program which allows for greater flexibility in underwriting, mortgage product offerings, and down payment options by recognizing the overall creditworthiness of the medical professional.
Primary residence single-family homes, townhomes, Planned Urban Developments (PUD) and condominiums are eligible.
Second homes are also eligible but there is not a no down payment option available and additional restrictions may apply.
There are several benefits to Laurel Road’s physician loan:
Practicing medical residents, fellows, licensed medical doctors (MD, DO, DPM), dentists (DDS, DMD), and veterinarians (DVM, VMD) are eligible for Laurel Road’s Physician Mortgage product. Residents that have a signed residency contract effective within the next sixty (60) days are also eligible.