Physician Home Loan Program In Austin Texas

Regardless if our clients are a first time home buyer or buying a new home in Austin Texas, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to secure your physician loan with competency and expertise.

Our loan officers in Austin Texas offer exclusive financing for doctors, just like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers 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 fewer number of requirements than their competitions.

Physician Loan Experts In Austin Texas

If you are searching for a physician mortgage in Austin Texas then you came to the right place.

You’ve trained very hard to become a doctor and buying home shouldn’t be nearly as challenging.

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 specialized loan program made just for doctors in the home buying process.

We understand the financial demands of your student loan financial obligation, and how vital it is to maintain 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 rely on us to find a home loan that is specially tailored for your needs.

Many physicians in Austin Texas 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 financial institutions know that doctors are a good choice because they typically have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply talking with the right mortgage officer makes a significant difference.

Benefits of Physician Mortgage 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 necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

What if you have some funds to put down or are considering delaying until you have the cash?

Our mortgage lenders can do the math for you and show you what each situation looks like and the advantages of each too.

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

Furthermore, don’t forget that having equity in your house will most likely provide more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed physician home mortgage loan, you should expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.

Regardless of whether you are moving down the street, across town or across the country, we are right here to lend a hand you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Austin Texas 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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