Physician Loan In Eden Prairie Minnesota

Regardless of whether you are a first time home buyer or buying a new home in Eden Prairie Minnesota, our vetted loan officers have a strong understanding of the local area real estate market and what it takes to secure your physician home mortgage with competency and expertise.

Our loan officers in Eden Prairie Minnesota offer specialized financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are very 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 lot fewer stipulations than their competitors.

Physician Home Mortgage Experts In Eden Prairie Minnesota

If you are searching for a physician loan in Eden Prairie Minnesota then you came to the perfect place.

You’ve trained very hard to become a doctor and buying home should not 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 only for doctors?

Yup, doctors get their own home loan!

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

We understand the personal financial demands of your student loan financial debt, and how vital it is to preserve working capital for when the time is right with starting your career. Whether 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 doctors in Eden Prairie Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or very little to no work history.

Despite these reasons smart lending institutions know that doctors are a good bet considering that they traditionally have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do just simply consulting with the best mortgage officer makes a remarkable difference.

Benefits of Physician Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

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

Our lenders can do the math for you and show you what each scenario looks like and the benefits of each too.

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

Furthermore, don’t overlook that having equity in your house will provide greater security and flexibility, particularly if something unexpected happens. With the 100% financed physician home mortgage loan, you should expect to start out 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 as much as 10% of the purchase price simply to get out of the home.

Regardless of whether you’re relocating down the road, across town or across the country, we are here to work with you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Eden Prairie 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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