Home Mortgage For Physician Coon Rapids Minnesota

Whether our clients are a first time home buyer or purchasing a new home in Coon Rapids Minnesota, our vetted loan officers have a solid understanding of the local area real estate industry and what it really takes to secure your physician home loan with competency and expertise.

Our loan officers in Coon Rapids Minnesota offer special financing for doctors, exactly like you.

First off, let’s discuss why physician mortgage loans even exist. The reason is that doctors are very profitable customers for financial 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 requirements than their competitors.

Physician Loan Experts In Coon Rapids Minnesota

If you are looking for a physician home loan in Coon Rapids Minnesota then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home 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 just for doctors?

Yup, doctors get their own mortgage!

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

We are aware of the economic demands of your student loan liability, and how crucial it is to maintain 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 rely on us to find a mortgage loan that is specially tailored for your needs.

A lot of doctors in Coon Rapids Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or little to no work history.

Despite these factors smart lending institutions know that doctors are a good choice due to the fact that they traditionally have an extremely low default rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do simply speaking to the right mortgage officer makes a tremendous difference.

Benefits of Physician Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as documentation 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 have to drain your time.

Should You Put Cash Down?

What if you have some funds to put down or are considering waiting until you have the cash?

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

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

Additionally, don’t overlook that having equity in your house will likely provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin 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.

Whether you are moving down the street, across town or across the country, we are available to work with you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Coon Rapids Minnesota 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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