Physician Home Loan Program In Columbus Indiana

Regardless if our clients are a first time home buyer or buying a new home in Columbus Indiana, our vetted loan officers have a solid understanding of the local real estate market and what it takes to close your physician home loan with proficiency and expertise.

Our loan officers in Columbus Indiana provide exclusive financing for doctors, exactly like you.

First off, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really 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 a lot fewer terms than their competitors.

Physician Home Mortgage Experts In Columbus Indiana

If you are searching for a physician mortgage in Columbus Indiana then you came to the perfect place.

You’ve trained very hard to become a doctor and buying home really should not 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 only for doctors?

Yup, doctors get their own loan!

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

We understand the financial demands of your student loan liability, and how important it is to preserve working capital for when the time is right with embarking upon your career. Whether you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is specifically tailored for your needs.

Quite a few doctors in Columbus Indiana 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 choice due to the fact that they generally 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 simply consulting with the right mortgage officer makes a tremendous difference.

Benefits of Physician Home Loans

  • Generally does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Generally does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a home doesn’t have 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 looking at delaying until you have the money?

Our loan providers can do the math for you and show you what each situation looks like and the advantages of each too.

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

Furthermore, don’t overlook that having equity in your house will provide more security and overall flexibility, specifically if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to anticipate to start out under water. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the home.

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

Doctors, get the house of your dreams with our Columbus Indiana physician home mortgage program!

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

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    Regardless if you are a first time home buyer or purchasing a new home in Columbus Indiana, our vetted loan officers have a solid understanding of the local area real estate industry and what it requires to secure your physician mortgage with competency and know-how.

    Our loan officers in Columbus Indiana provide special financing for doctors, exactly like you.

    First and foremost, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely 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 secure early career doctors by loaning them more money with far fewer requirements than their competition.

    Physician Mortgage Experts In Columbus Indiana

    If you are looking for a physician loan in Columbus Indiana then you came to the right place.

    You’ve trained very hard to become a doctor and buying home really should not 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 only for doctors?

    Yup, doctors get their own loan!

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

    We are aware of the budgetary demands of your student loan financial debt, and how crucial it is to maintain working capital for when the time is right with starting your career. Whether or not you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is exclusively tailored for your needs.

    Quite a few doctors in Columbus Indiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

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

    Not all financial institutions offer this specialized product and within banking institutions that do simply consulting with the best mortgage officer makes a significant difference.

    Advantages of Physician Mortgage Loans

    • Usually does not include student loan monthly payments in debt-to-income ratio.
    • Requires low to no down payment (0-5 percent).
    • Typically does not call for private mortgage insurance (PMI), even if 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.

    Buying a home doesn’t have to drain your savings and the process doesn’t have 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 money?

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

    In most instances, you’ll get your home loan paid off earlier and save thousands on interest too.

    Furthermore, don’t overlook that having equity in your home will offer more security and overall flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect 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 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 available to help you throughout the physician home mortgage process:: because you deserve it!

    Doctors, get the home of your dreams with our Columbus Indiana physician home loan program!