Physician Home Loan Program Dubuque Iowa

Regardless of whether you are a first time home buyer or purchasing a new home in Dubuque Iowa, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to close your physician home mortgage with efficiency and expertise.

Our loan officers in Dubuque Iowa offer exclusive 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 really profitable customers for lenders. 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 requirements than their competition.

Physician Home Loan Experts In Dubuque Iowa

If you are searching for a physician mortgage loan in Dubuque Iowa then you came to the right place.

You’ve trained 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 mortgage!

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

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

Many physicians in Dubuque Iowa may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big 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 typically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do just simply talking with the best home loan officer makes a tremendous 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).
  • Generally does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept a contract as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some funds to put down or are thinking about waiting until you have the funds?

Our mortgage lenders 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 mortgage paid off sooner and save thousands on interest too.

Additionally, don’t forget that having equity in your house will most likely offer greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed physician mortgage loan, you ought to expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the home.

No matter if you are relocating down the street, across town or across the country, we are available to assist you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Dubuque Iowa 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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