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  • What is a Physician mortgage?

    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.

  • What documents will I need to provide during the application process for Laurel Road’s Physician mortgage product?
    • Diploma or accreditation of completion
    • Employment contract/offer letter if accepted to a residency program
    • 2 years of 1040 personal tax returns
    • W2’s from your last two years of employment (if applicable)
    • If practicing, two most recent pay stubs
    • Proof of alimony, child support or other maintenance income (if applicable)
    • Statements from checking and savings account for the past two months
    • Statements from IRA, 401k or other investments accounts for the past quarter
    • Source and verification of down payment funds (if applicable)
    • Copy of the purchase and sale agreement (not applicable for refinancing)
    • Self-employed will require additional documentation
  • Are your loans available in all 50 states?

    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 @ http://www.ml.laurelroad.com.

  • Do I have to be a U.S. Citizen or permanent resident to qualify?

    U.S. Citizens and resident aliens are permitted.

  • Is the Laurel Road Physician mortgage a conforming, conventional or government loan?

    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.

  • What property types are eligible for Laurel Road’s Physician loan program?

    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.

    Please contact us at 800-653-4067 for further details and information. Customers using a TDD/TTY device, please use 1-800-539-8336.

  • What are the benefits of Laurel Road’s Physician mortgage?

    There are several benefits to Laurel Road’s physician loan:

    • Zero down payment option for loans $750,000 or less (primary residences only – Not available in California)
    • A variety of mortgage programs without PMI (Private Mortgage Insurance)
  • Who can apply for Laurel Road’s Physician mortgage?

    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.