AZ physician loans 100% financing · no PMI · residents qualify · Call Mike (480) 296-6513
Arizona Physician + Medical Professional Mortgages · Cornerstone First Mortgage · NMLS #173855 Call Mike Certo · (480) 296-6513
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Physician Loan Lenders in Arizona — Honest Comparison

By Mike Certo, Cornerstone First Mortgage · NMLS #260555 ·

The most important fact for Arizona physicians

Truist Doctor Loan is NOT available in Arizona.

If you've been researching physician loans on White Coat Investor, Student Loan Planner, BigLawInvestor, LeverageRx, or any other national physician finance directory, you've probably seen Truist recommended repeatedly. It's a solid product — 100% to $1M, 95% to $1.5M, 90% to $2M, broad eligibility list including residents and fellows.

You won't be able to use it in Arizona. Truist Doctor Loan is excluded from AZ, AK, and HI. This isn't on any of the national comparison sites prominently — most of them just list "available in most states" and move on.

So if you're an AZ physician comparing lenders and Truist comes up first in your research, the practical question becomes: what's the AZ-equivalent? This page is the honest comparison.

The active physician loan lenders in Arizona — 2026 snapshot

Redwood Sequoia Medical Professionals Program (via Cornerstone First Mortgage / Mike Certo)

The primary product Mike originates.

  • LTV / loan amount: 100% LTV up to $2M (720+ FICO) or $1.5M (680+ FICO); 95% LTV up to $2M (any tier above 680)
  • PMI: None at any LTV
  • DTI cap: 50% (LTV ≤95%); 45% (LTV >95%)
  • Eligible degrees: MD, DO, DDS, DMD, Ophthalmology, Psychiatry, PharmD, DVM, DPM, CRNA (DNAP/DNP), residents + fellows + interns with above
  • Excluded: Chiropractors, DACA, ITIN, non-permanent residents above 95% LTV
  • Property: Primary residence only, 1-unit only
  • Citizenship: US Citizen or Permanent Resident with SSN
  • Underwriting: Manual underwrite (no AUS)
  • Rate (May 2026): ~6.75% (varies daily; call for today's quote)

BMO Harris Physicians' Mortgage Program

  • LTV / loan amount: Tiered. <10 yrs practice: 100% to $1M, 95% to $1.5M, 90% to $2M. >10 yrs practice: 90% to $2M only. >10 yrs post-training: Ineligible
  • PMI: None
  • DTI cap: ~45-50% (varies)
  • Eligible degrees: MD, DO, DDS, DMD only
  • Property: Primary residence
  • Citizenship: US Citizen or Permanent Resident
  • Notable: WCI-partnered; well-known brand
  • Available in AZ: Yes

Bank of America Doctor Loan

  • LTV / loan amount: 95% to $1M, 90% to $1.5M, layered tiers to $2M
  • PMI: None
  • DTI cap: 43-50% typical
  • Eligible degrees: MD, DO, DDS, DMD, DPM
  • Property: Primary residence
  • Required: Existing BoA depository relationship
  • Credit floor: 700+
  • Available in AZ: Yes

Wintrust Physician Mortgage

  • LTV / loan amount: 100% to $850K, up to $3M with 20% down
  • PMI: None
  • DTI cap: ~45-50%
  • Eligible degrees: Broadest list: MD, DO, DPM, DDS, DMD, PharmD, DC (chiropractors), DVM, residents with <6 months remaining
  • Property: Primary residence
  • Notable: Wealth-management cross-sell positioning; broad profession eligibility (including chiropractors)
  • Available in AZ: Yes (verify state-specific)

First Citizens Medical Professional Mortgage

  • LTV / loan amount: 0% down to ~$1.5M
  • PMI: None
  • DTI cap: ~50%
  • Eligible degrees: CRNA, DDS, DMD, DO, MD, NP, PA
  • Property: Primary residence
  • Credit floor: 700+
  • Notable: Includes Nurse Practitioners and Physician Assistants (uncommon)
  • Employment contract within 90 days qualifies
  • Available in AZ: Yes (verify state-specific)

Laurel Road / KeyBank "Key for Doctors"

  • LTV / loan amount: 100% to $1M (lower max loan cap than competitors)
  • PMI: None
  • DTI cap: ~45-50%
  • Eligible degrees: MD, DO, DDS, DMD primarily
  • Property: Primary residence
  • Notable: Integrated with KeyBank physician banking; strong digital application UX
  • Available in AZ: Yes

SoFi (NOT a physician mortgage lender)

SoFi does not offer physician-specific mortgages — only general 3%-down mortgages and student loan refi. The "SoFi physician mortgage" search result is misleading. If you're looking for SoFi specifically because of the student loan refi relationship, the mortgage will go through standard programs.

Truist Doctor Loan — NOT AVAILABLE IN ARIZONA

  • Strong national program
  • 100% to $1M, 95% to $1.5M, 90% to $2M
  • MD, DO, DPM, DDS, DMD + residents/interns/fellows
  • Excluded from AZ, AK, HI
  • If you've been researching Truist, you need to switch to one of the above

Side-by-side comparison table (for AZ-available products)

Program Max 100% LTV Max overall DTI cap Eligible (key degrees) Chiropractors? Available AZ
Redwood Sequoia $2M (720+) / $1.5M (680+) $2M 50% / 45% MD/DO/DDS/DMD/PharmD/DVM/DPM/CRNA + residents ❌ ✅
BMO Harris $1M $2M 50% MD/DO/DDS/DMD ❌ ✅
Bank of America None (95% max) $2M 43-50% MD/DO/DDS/DMD/OD/DPM ❌ ✅ (requires BoA deposit)
Wintrust $850K $3M 50% MD/DO/DPM/DDS/DMD/PharmD/DVM/+chiropractors ✅ ✅
First Citizens ~$1.5M ~$1.5M+ 50% CRNA/DDS/DMD/DO/MD/NP/OD/PA ❌ ✅
KeyBank/Laurel $1M $1M 50% MD/DO/DDS/DMD ❌ ✅
Truist N/A N/A N/A N/A N/A ❌ NOT IN AZ

How to pick

If you want maximum 100% LTV

Redwood Sequoia wins at $2M for 720+ FICO. BMO is second at $1M. Wintrust at $850K. KeyBank at $1M.

If you're a chiropractor

Wintrust is the only major option — they explicitly include chiropractors. Mike has access to Wintrust through Cornerstone's wholesale network.

If you're a CRNA, NP, PA, or OD

First Citizens has the broadest non-doctor designation eligibility. Some scenarios may also work with Wintrust.

If you're a veterinarian (DVM)

Wintrust and Redwood Sequoia both accept. Most other major programs exclude.

If you already bank with BoA and want a relationship product

Bank of America Doctor Loan integrates with your existing BoA relationship.

If you're at high-income late-career (>10 years post-training)

BMO Harris excludes you entirely. Redwood Sequoia, Bank of America, Wintrust, First Citizens still work. This is a meaningful late-career consideration.

If you want the simplest digital application UX

KeyBank/Laurel Road has the most polished digital experience but the lowest loan cap ($1M).

If your loan amount is above $2M

Wintrust goes up to $3M with 20% down. For super-jumbo above that, look at private bank or non-QM jumbo physician programs.

What Mike actually does for clients

For most AZ physicians, the Redwood Sequoia Medical Professionals Program is the strongest fit on terms (100% to $2M, no PMI, broadest eligibility excluding chiropractors). But the best lender for YOUR scenario depends on your specific situation.

When you call, Mike runs the comparison: - Your degree + employment type - Your target loan amount + LTV - Your credit + DTI + reserve profile - Your timeline + relationship preferences

Then recommends the strongest fit — whether that's Redwood Sequoia (his primary), Wintrust, Bank of America, BMO, or First Citizens (all accessed through Cornerstone's wholesale network), or — if you're a chiropractor or NP/PA — the specific program that includes you.

Mike doesn't push the Redwood program if a different lender fits your scenario better. Genuine comparison conversation, not a one-product pitch.

Frequently asked questions

Why can't I use Truist in Arizona?

Truist Doctor Loan's licensing footprint excludes Arizona, Alaska, and Hawaii. The reason is internal to Truist (state-by-state lending decisions) — not a regulatory issue. AZ physicians comparing Truist nationally need to switch to one of the AZ-available alternatives. {#faq-truist-not-az}

Are these programs really comparable?

Mostly yes — they all offer 100% LTV (or close) with no PMI for medical professionals. The differences are in: eligibility lists, max loan amounts, late-career restrictions, profession breadth, and relationship requirements. The rate differences are usually within 0.125-0.375% across these programs. {#faq-really-comparable}

Will I get a better rate going directly to BoA / BMO / Wintrust than through Cornerstone?

No. Mike accesses these programs through Cornerstone's wholesale lender network at the same rates the lenders offer directly. Going directly to the bank often means a less experienced loan officer who handles 1-2 physician loans per year vs. Mike's volume. The pricing is the same; the process is different. {#faq-direct-vs-broker}

Can I shop multiple physician loan lenders simultaneously?

Yes, and you should — for any large purchase. Get quotes from at least 2-3 lenders before committing. The Loan Estimate (LE) is the standardized document that lets you compare lender to lender. Mike will gladly compete with any other quote you have. {#faq-shop-multiple}

What about state-of-the-art programs I'm missing?

The physician loan market evolves; new entrants appear annually. Recent additions worth knowing about: Panacea Financial (physician-focused fintech bank; mortgages launching/launched in some states), Page Mortgage (newer entrant), BOK Financial (regional with strong physician program in their footprint). Mike monitors the landscape; if a better-fit option emerges for your scenario, he'll surface it. {#faq-new-programs}

Does the Redwood Sequoia program get rebranded under other names?

Redwood Residential Acquisition Corporation (NMLS #221649) is the wholesale lender. The Sequoia Medical Professionals Program is the specific physician loan product. Some originators may brand it differently in their marketing, but the underlying product is the same. {#faq-redwood-rebrand}

Talk to Mike — honest comparison

Free 30-minute call. Bring your situation. Mike will run the comparison across the 5-6 AZ-available physician loan programs and recommend the strongest fit for YOUR specific scenario — not a pre-determined product pitch.

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(480) 296-6513 · Mike Certo, NMLS #260555 · Cornerstone First Mortgage NMLS #173855

Sources

Mike Certo NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Educational comparison, not lender endorsements or guarantees. Program features + availability subject to change; verify current terms with each lender directly. Loans subject to buyer and property qualification.