Physician Mortgage Chapel Hill North Carolina

Whether or not you are a first time home buyer or buying a new home in Chapel Hill North Carolina, our vetted loan officers have a strong understanding of the local real estate industry and what it requires to secure your physician home mortgage with proficiency and expertise.

Our loan officers in Chapel Hill North Carolina provide specialized financing for doctors, like you.

First, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for lending institutions. 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 fewer requirements than their competitors.

Physician Loan Experts In Chapel Hill North Carolina

If you are searching for a physician home loan in Chapel Hill North Carolina then you came to the perfect place.

You’ve worked 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 specifically for doctors?

Yup, doctors get their own loan!

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

We understand the financial demands of your student loan financial obligation, and how important it is to preserve working capital for when the time is right with embarking upon your career. Whether or not you are a couple years into practice, or a well established doctor, you can count on us to find a home loan that is specially tailored for your needs.

A lot of doctors in Chapel Hill North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these factors smart lenders know that doctors are a good bet due to the fact that they typically have an incredibly low default rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banks that do simply consulting with the right home loan officer makes a significant difference.

Benefits of Physician Home Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your home will definitely provide greater security and flexibility, particularly if something unexpected happens. With the 100% financed physician home mortgage loan, you ought to expect to begin underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the house.

Whether you’re moving down the road, across town or across the country, we are right here to help you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Chapel Hill North Carolina physician loan program!

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

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