Physician Home Loan Program In Dothan Alabama

Whether or not our clients are a first time home buyer or buying a new home in Dothan Alabama, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to secure your physician home mortgage with proficiency and know-how.

Our loan officers in al geo offer special financing for doctors, exactly like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are extremely profitable clients for financial institutions. 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 a lot fewer requirements than their competitions.

Physician Loan Experts In Dothan Alabama

If you are searching for a physician loan in Dothan Alabama then you came to the right place.

You’ve worked very hard to become a doctor and buying 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 loan!

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

We recognize the budgetary demands of your student loan liability, and how crucial it is to preserve working capital for when the time is right with embarking upon your career. Regardless if 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 large number of physicians in Dothan Alabama 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 because they generally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply speaking with the right mortgage officer makes a significant difference.

Advantages of Physician Home 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), despite the fact that lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Buying a house doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose 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 benefits of each too.

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

Additionally, don’t overlook that having equity in your home will definitely offer more security and overall flexibility, particularly if something unanticipated happens. With the 100% financed physician mortgage loan, you ought to expect to begin underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the home.

No matter if you are moving down the road, across town or across the country, we are right here to work with you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Dothan Alabama physician loan program!

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

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