Physician Loan Delaware

Preferred Physician Loan Officer

Doug Adamson
NMLS# 659355
Mobile: (434) 760-2193
Email: dadamson@fultonmortgagecompany.com
Website: www.fultonmortgagecompany.com/dougadamson

  • 100% LTV to $1.5 million
  • Fixed-rate and 5/1, 7/1, 10/1 and 15/1 fixed-term ARM options available
  • No mortgage insurance
  • 700 minimum credit score
  • Student loan payments deferred for 12 months or longer excluded from qualifying debt
  • Physicians, Dentists, Pharmacists, Podiatrists, Ophthalmologists, Veterinarians eligible
  • Gift funds allowed from immediate family members
  • No limit on years out of training for relocating doctors

Doug Adamson has specialized in lending to doctors since the doctor loan program was invented over 20 years ago. As a Certified Mortgage Planner®, Doug is uniquely equipped to help you integrate your mortgage plan with your overall wealth-building strategy. With Doug, you will entrust your financial future with a specialist able to help you choose financing that not only saves you tens of thousands of dollars over the life of the loan, but helps you manage your debt and equity strategically. My team and I look forward to working with you to more quickly fulfill all of your financial dreams.

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

Whether you are a first time home buyer or buying a new home in Delaware, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to secure your physician mortgage with efficiency and know-how.

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

First and foremost, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to lock in early career doctors by lending them more money with far fewer stipulations than their competitors.

Physician Home Loan Experts In Delaware

If you are trying to find a physician home loan in Delaware then you came to the perfect place.

You’ve worked very hard to become a doctor and buying home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own mortgage!

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

We are aware of the financial demands of your student loan debt, and how essential it is to preserve 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 physician, you can count on us to find a mortgage loan that is specifically tailored for your needs.

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

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

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

Advantages of Physician Mortgage Loans

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

Purchasing a house 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 money to put down or are looking at delaying until you have the money?

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 loan paid off sooner and save thousands of dollars on interest too.

Furthermore, don’t forget that having equity in your house will most likely provide greater security and overall flexibility, especially if something unanticipated happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin underwater. If something doesn’t 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 home.

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

Doctors, get the home of your dreams with our Delaware physician home mortgage program!

Top cities in Delaware for a physician loan.