Physician Loan California

Preferred Physician Loan Officer

Carmen Mayell
NMLS# 779831
Mobile: (949) 257-2502
Email: carmen.mayell@flagstar.com

Get Your Physician Loan Rates Now by Completing the Form Below.

Whether or not you are a first time home buyer or buying a new home in California, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to close your physician home loan with competency and know-how.

Our loan officers in California provide special financing for doctors, exactly 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 doctor loans to secure early career doctors by lending them more money with far fewer requirements than their competitors.

Physician Home Mortgage Professionals In California

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

You’ve worked 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 physicians to buy a home?

A home loan only for doctors?

Yup, doctors get their own mortgage!

A physician home mortgage is a special loan program made just for physicians in the home purchasing process.

We recognize the personal financial demands of your student loan financial debt, and how essential it is to preserve 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 physician, you can rely on us to find a home loan that is specifically tailored for your needs.

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

Despite these factors smart loan providers know that doctors are a good choice because they historically 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 with the best mortgage officer makes a remarkable difference.

Advantages of Physician Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Generally requires low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Usually will approve an agreement as proof 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 Money Down?

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

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

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

Furthermore, don’t forget that having equity in your house will likely offer greater security and overall flexibility, especially if something unplanned happens. With the 100% financed physician mortgage loan, you should expect to begin underwater. 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 as much as 10% of the purchase price simply to get out of the house.

No matter if you’re relocating down the street, across town or across the country, we are available to lend a hand you through the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our California physician home mortgage program!

Top cities in California for a physician loan.

Anaheim
Bakersfield
Chula Vista
Fontana
Fremont
Fresno
Huntington Beach
Irvine
Long Beach
Los Angeles
Modesto
Moreno Valley
Oakland
Oxnard
Riverside
Sacramento
San Bernardino
San Diego
San Francisco
San Jose
Santa Ana
Stockton