Physician Home Loan Eugene Oregon

Regardless if our clients are a first time home buyer or purchasing a new home in Eugene Oregon, our vetted loan officers have a strong understanding of the local area real estate industry and what it takes to secure your physician loan with competency and know-how.

Our loan officers in Eugene Oregon provide specialized financing for doctors, like you.

To start with, let’s discuss 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 lock in early career doctors by loaning them more money with far fewer stipulations than their competition.

Physician Mortgage Experts In Eugene Oregon

If you are trying to find a physician mortgage in Eugene Oregon then you came to the perfect place.

You’ve worked very hard to become a doctor and buying home really 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 mortgage is a specialty loan program designed just for doctors in the home buying process.

We are aware of the budgetary demands of your student loan debt, and how crucial it is to preserve working capital for when the time is right with starting your career. Regardless if you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is exclusively tailored for your needs.

Many physicians in Eugene Oregon may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

Despite these factors smart financial institutions know that doctors are a good choice because they generally have an extremely low default rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do simply speaking to the best mortgage loan officer makes a tremendous difference.

Advantages of Physician Home Mortgage Loans

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

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

Should You Put Cash Down?

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

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

In most cases, you’ll get your mortgage loan paid off earlier and save thousands on interest too.

Furthermore, don’t overlook that having equity in your house will most likely provide greater security and flexibility, especially if something unplanned happens. With the 100% financed physician home mortgage loan, you ought to anticipate 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 large check for as much as 10% of the purchase price simply to get out of the house.

No matter if you are moving down the street, across town or across the country, we are available to help you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Eugene Oregon 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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