Physician Loan In Apple Valley Minnesota

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
Get Your Physician Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Whether our clients are a first time home buyer or purchasing a new home in Apple Valley Minnesota, our vetted loan officers have a solid understanding of the local real estate market and what it takes to close your physician loan with competency and know-how.

Our loan officers in Apple Valley Minnesota provide exclusive financing for doctors, exactly like you.

First, let’s discuss why physician mortgage loans even exist. The reason is that doctors are really profitable customers for lending 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 lending them more money with fewer terms than their competitors.

Physician Mortgage Experts In Apple Valley Minnesota

If you are searching for a physician loan in Apple Valley Minnesota then you came to the right place.

You’ve worked very hard to become a doctor and buying 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 loan!

A physician home loan is a special loan program created just for doctors in the home buying process.

We understand the personal financial demands of your student loan financial obligation, and how essential it is to preserve working capital for when the time is right with starting your career. No matter 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.

Many physicians in Apple Valley Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or very little to no work history.

Despite these factors smart lending institutions know that doctors are a good choice considering that they typically have an exceptionally low default rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banks that do simply talking to the right home loan officer makes a remarkable difference.

Benefits of Physician Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

What if you have some funds to put down or are looking at delaying until you have the money?

Our loan providers can do the math for you and show you what each situation looks like and the benefits of each too.

In most instances, you’ll get your home loan paid off sooner and save thousands of dollars on interest rates too.

Furthermore, don’t overlook that having equity in your house will likely provide greater security and flexibility, especially if something unexpected happens. With the 100% financed physician mortgage loan, you should expect to begin under water. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.

No matter if you’re moving down the road, across town or across the country, we are available to work with you throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Apple Valley Minnesota physician loan program!

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

  • Home Mortgage For Physician Independence Missouri
  • Home Mortgage For Physician Wyoming Michigan
  • Physician Mortgage Tallahassee Florida
  • Home Mortgage For Physician Middletown Connecticut
  • Physician Mortgage In Pompano Beach Florida
  • Physician Home Loan Portsmouth Virginia
  • Physician Home Loan Program In San Francisco California
  • Home Mortgage For Physicians In Huntersville North Carolina
  • Physician Home Loan Program In Concord North Carolina
  • Physician Loan In Columbus Ohio