Physician Home Loan Program In Concord North Carolina

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

Our loan officers in Concord North Carolina provide specialized financing for doctors, exactly like you.

To start with, let’s talk about 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 a fewer number of stipulations than their competition.

Physician Home Mortgage Experts In Concord North Carolina

If you are searching for a physician mortgage in Concord North Carolina then you came to the right 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 just for doctors?

Yup, doctors get their own home loan!

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

We understand the financial demands of your student loan debt, and how important it is to maintain 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 depend on us to find a mortgage loan that is specifically tailored for your needs.

A large number of physicians in Concord North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

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

Not all financial institutions offer this specialized product and within banking institutions that do just simply speaking to the right mortgage loan officer makes a remarkable difference.

Advantages of Physician Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • 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 a contract as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

Our lenders can do the math for you and show you what each situation looks like and the benefits 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 likely offer more security and overall flexibility, specifically if something unanticipated 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 should be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the house.

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

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

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

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