Home Mortgage For Physicians In Blaine Minnesota

Whether our clients are a first time home buyer or buying a new home in Blaine Minnesota, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to secure your physician loan with efficiency and know-how.

Our loan officers in Blaine Minnesota offer special financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The 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 far fewer terms than their competition.

Physician Mortgage Experts In Blaine Minnesota

If you are looking for a physician mortgage in Blaine Minnesota then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing home shouldn’t 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 just for doctors?

Yup, doctors get their own home loan!

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

We recognize the personal financial demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with launching your career. Regardless if you are a couple years into practice, or a well established doctor, you can depend on us to find a mortgage loan that is specially tailored for your needs.

A large number of doctors in Blaine Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or minimal to no work history.

Despite these reasons smart lending institutions know that doctors are a good bet because they generally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do just simply speaking to the best home loan officer makes a tremendous difference.

Benefits of Physician Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Generally 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, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

In most situations, 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 home will offer greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect to start out underwater. If something doesn’t work out and you are 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.

Whether you’re relocating down the street, across town or across the country, we are available to lend a hand you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Blaine Minnesota 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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