Physician Home Loan Ann Arbor Michigan

Whether our clients are a first time home buyer or buying a new home in Ann Arbor Michigan, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to secure your physician home loan with competency and expertise.

Our loan officers in Ann Arbor Michigan provide exclusive financing for doctors, just like you.

First off, let’s talk about why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by loaning them more money with a lot fewer stipulations than their competition.

Physician Loan Experts In Ann Arbor Michigan

If you are looking for a physician loan in Ann Arbor Michigan then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing home should not be nearly as difficult.

Did you know there is a special loan that makes it easy for doctors to buy a home?

A home loan only for doctors?

Yup, doctors get their own home loan!

A physician home mortgage is a specialized loan program made just for doctors in the home buying process.

We understand the budgetary demands of your student loan financial debt, and how vital it is to maintain working capital for when the time is right with embarking upon your career. Regardless if you are a couple years into practice, or a well established doctor, you can depend on us to find a home loan that is specially tailored for your needs.

A large number of physicians in Ann Arbor Michigan may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

Despite these reasons smart loan providers know that doctors are a good bet due to the fact that they typically have an exceptionally low default rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banking institutions that do just simply talking with the right home loan officer makes a significant difference.

Benefits of Physician Home Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a home doesn’t have to drain your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

Suppose you have some money to put down or are thinking about waiting until you have the funds?

Our lenders can do the math for you and show you what each circumstance looks like and the benefits of each too.

In most situations, you’ll get your mortgage loan paid off earlier and save thousands of dollars on interest rates too.

Additionally, don’t forget that having equity in your house will most likely offer greater security and overall flexibility, particularly if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect to begin under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

No matter if you are relocating down the road, across town or across the country, we are right here to help you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Ann Arbor Michigan physician home loan program!

Less than an hour ago, doctors just like you requested a loan from the locations listed below.

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