Physician Home Loan Program In Clarksville Tennessee

Preferred Physician Loan Officer

George Connolly
NMLS# 658831
Mobile: (770) 354-5074
Email: george.connolly@suntrust.com
Website: http://www.suntrust.com/george.connolly

  • Designed to meet the unique financial needs of Licensed Residents, Interns, Fellows in MD, DO, and DPM programs and licensed Physicians and Dentists (MD, DO, DPM, DDS, DMD).
  • No Mortgage Insurance regardless of the LTV
  • 100% financing �” loan amounts up to $750,000 with zero down payment
  • 95% financing �” loan amounts from $750,001 to $1,000,000 require a 5% down payment
  • 89.99% financing �” loan amounts from $1,000,0001 to $1,500,000 require a 10.01% down payment
  • ZERO PMI EVEN WHEN THE LTV IS OVER 80%
  • Max Loan amount for Residents, Interns and Fellows is $750,000
  • Gifts/employer loans/seller contributions allowed depending on specific program availability and requirements
  • In some states, the Doctor Loan requires a pre-existing SunTrust deposit account relationship. If the borrower does not have the pre-existing SunTrust deposit account relationship in those states then they might qualify for the Premier Mortgage. The Premier Mortgage offers jumbo financing over 80% with zero mortgage insurance.

Find out more by contacting George Connolly at george.connolly@suntrust.com and/or (770) 354-5074.

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

Regardless of whether you are a first time home buyer or buying a new home in Clarksville Tennessee, our vetted loan officers have a strong understanding of the local area real estate market and what it takes to secure your physician home loan with efficiency and know-how.

Our loan officers in Clarksville Tennessee offer specialized financing for doctors, like you.

First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really profitable customers 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 loaning them more money with far fewer stipulations than their competitions.

Physician Home Mortgage Experts In Clarksville Tennessee

If you are trying to find a physician mortgage loan in Clarksville Tennessee then you came to the right 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 specifically for doctors?

Yup, doctors get their own home loan!

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

We understand the economic demands of your student loan debt, and how crucial it is to preserve working capital for when the time is right with launching your career. No matter if you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specifically tailored for your needs.

Quite a few physicians in Clarksville Tennessee may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these factors smart lending institutions know that doctors are a good choice because they typically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply consulting with the best mortgage loan officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • 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 an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which 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 Money Down?

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

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

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

Additionally, don’t forget that having equity in your house will likely provide greater security and flexibility, particularly if something unplanned happens. With the 100% financed physician home mortgage loan, you should expect to begin under water. If something does not work out and you’re 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 home.

No matter if you’re moving down the road, across town or across the country, we are here to assist you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Clarksville Tennessee physician home loan program!

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