Home Mortgage For Physician El Paso Texas

Whether or not our clients are a first time home buyer or buying a new home in El Paso Texas, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to close your physician home loan with competency and know-how.

Our loan officers in El Paso Texas offer specialized financing for doctors, just like you.

To start with, let’s talk about why physician mortgage loans even exist. The 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 secure early career doctors by loaning them more money with a lot fewer terms than their competitors.

Physician Home Mortgage Experts In El Paso Texas

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

You’ve worked very hard to become a doctor and buying home shouldn’t 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 loan!

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

We recognize the financial demands of your student loan liability, and how crucial it is to preserve working capital for when the time is right with starting your career. No matter if you are a couple years into practice, or a well established doctor, you can depend on us to find a home loan that is specially tailored for your needs.

Quite a few doctors in El Paso Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these factors smart lending institutions know that doctors are a good choice considering that they generally have an exceptionally low default rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply talking to the best mortgage officer makes a remarkable difference.

Benefits of Physician Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept 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 empty your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

What if you have some funds to put down or are thinking about delaying until you have the cash?

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

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

Additionally, don’t overlook that having equity in your home will definitely provide greater security and flexibility, specifically if something unforeseen happens. With the 100% financed physician home mortgage loan, you should expect to start out underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the road, across town or across the country, we are right here to assist you through the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our El Paso Texas physician loan program!

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

  • Physician Home Loan Program In Springfield Missouri
  • Physician Loan In Iowa City Iowa
  • Home Mortgage For Physician Peabody Massachusetts
  • Home Mortgage For Physicians In Stillwater Oklahoma
  • Home Mortgage For Physician Yakima Washington
  • Physician Mortgage In Greensboro North Carolina
  • Physician Mortgage In Chesterfield Missouri
  • Physician Home Loan Program Fremont California
  • Physician Home Loan Program In Sterling Heights Michigan
  • Physician Loan Montana