Physician Home Loan Program In Brooklyn Park 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.

Regardless of whether our clients are a first time home buyer or buying a new home in Brooklyn Park Minnesota, our vetted loan officers have a solid understanding of the local area real estate market and what it really requires to close your physician mortgage with competency and know-how.

Our loan officers in Brooklyn Park Minnesota offer special financing for doctors, exactly like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable clients for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to lock in early career doctors by lending them more money with far fewer terms than their competitions.

Physician Home Loan Experts In Brooklyn Park Minnesota

If you are searching for a physician loan in Brooklyn Park Minnesota then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing 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 just for doctors?

Yup, doctors get their own loan!

A physician home mortgage is a specialty loan program created just for doctors in the home purchasing process.

We understand the budgetary demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with launching your career. Whether or not you are a couple years into practice, or a well established doctor, you can depend on us to find a home loan that is specifically tailored for your needs.

Quite a few physicians in Brooklyn Park Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these factors smart lending institutions know that doctors are a good choice due to the fact that they historically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply consulting with the best mortgage officer makes a significant difference.

Advantages of Physician Mortgage Loans

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

Buying a home doesn’t have to empty 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 considering waiting until you have the money?

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 home mortgage paid off sooner and save thousands of dollars on interest too.

Additionally, don’t overlook that having equity in your home will likely provide more security and flexibility, especially if something unanticipated happens. With the 100% financed physician home mortgage loan, you should anticipate to start out under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the home.

Regardless of whether you are moving down the road, across town or across the country, we are available to work with you through the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Brooklyn Park Minnesota physician home loan program!

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

  • Home Mortgage For Physicians In Brentwood Tennessee
  • Physician Mortgage Huntsville Alabama
  • Physician Mortgage In Pembroke Pines Florida
  • Physician Mortgage In Newport News Virginia
  • Home Mortgage For Physicians In Spokane Washington
  • Physician Mortgage Irvine California
  • Physician Loan In Oklahoma City Oklahoma
  • Physician Home Loan Fresno California
  • Physician Home Loan Program In Kenner Louisiana
  • Physician Loan In Schenectady New York