In the ever-evolving landscape of the healthcare industry, financial institutions play a crucial role in supporting the unique needs of medical professionals. At Banterra Bank, we strive to understand and meet the specific financial needs of physicians, healthcare staff and their patients.
Products Designed With Physicians In Mind
Doctor Mortgage Loan
The educational expenses to become a physician can be exorbitant, making it difficult to save for a down payment on a house. With the Doctor Mortgage Loan, physicians may qualify for tailored mortgage solutions designed to ease the home-buying process.
Key features include:
- Fixed and adjustable-rate options
- Employment start dates up to 90 days after closing
- Financing for attached or detached single-family residences
- 100% loan-to-value available
- Mortgages up to $650,000
Doctor Line of Credit
This flexible line of credit offers a solution to bridge cash-flow gaps when waiting for insurance claim reimbursements or other circumstances. Even if it is not needed, this loan provides easy access to funds when needed.
Key features include:
- Funding up to $200,000
- Flexible terns up to 24 months
- No required collateral
- Interest-only payments each month
Physician’s Relocation Loan
Relocating for a new job or practice can be both exciting and stressful. Our Physician’s Relocation Loan is specifically designed to assist doctors with the costs associated with relocating.
Key features include:
- Personal loan up to $10,000 that covers moving expenses, temporary housing, and other relocation costs
- Option to avoid payment for 120 days that allows you to focus on settling into your new environment
Commercial Lending
For hospitals, physician offices and other commercial properties, Banterra has lending capabilities of $80 million per customer as well as lines of credit and equipment financing options.
Supporting Medical Professionals Beyond Banking
In addition to our specific banking products, Banterra’s commitment to the medical community extends beyond financial services. We are an official partner of the Arizona Medical Association and the Utah Medical Association, allowing us to stay closely connected with the industry’s needs and engage directly with physicians.
Enhancing Patient Financial Wellness
Banterra is not only dedicated to supporting healthcare providers but also prioritizes the well-being of patients. We offer a variety of banking products that assist with healthcare services including our Medical Assistance Loan, Health Savings Account, and digital banking services.
At Banterra, we recognize that healthcare professionals have unique financial needs. Our commitment to understanding those needs and providing tailored solutions sets us apart. Whether you’re a physician relocating, starting a medical practice, or simply looking for a banking partner that understands the healthcare industry, Banterra is the right partner for you.
Visit your local Banterra branch or contact us to learn more about our healthcare product line and how we can support you and your patients.
General Healthcare Mortgage Savings
May 29, 2024 by Banterra Bank
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