Physician Home Loan Program In Farmington Hills Michigan

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
Get Your Physician Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Whether our clients are a first time home buyer or purchasing a new home in Farmington Hills Michigan, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to close your physician mortgage with efficiency and know-how.

Our loan officers in Farmington Hills Michigan provide special financing for doctors, just like you.

First off, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really profitable customers for lending 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 terms than their competitions.

Physician Home Loan Experts In Farmington Hills Michigan

If you are looking for a physician mortgage loan in Farmington Hills Michigan then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing 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 specifically for doctors?

Yup, doctors get their own loan!

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

We are aware of the personal financial demands of your student loan financial debt, and how important it is to maintain working capital for when the time is right with embarking upon your career. Whether you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specifically tailored for your needs.

Many doctors in Farmington Hills Michigan may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or little to no work history.

Despite these factors smart lenders know that doctors are a good choice considering that they typically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do just simply talking to the best mortgage loan officer makes a tremendous difference.

Benefits of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not necessitate 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 house doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some money to put down or are looking at waiting until you have the money?

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

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

Furthermore, don’t forget that having equity in your home will likely provide greater security and overall flexibility, particularly if something unforeseen 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’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

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

Doctors, get the home of your dreams with our Farmington Hills Michigan physician home mortgage program!

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

  • Physician Mortgage Monroe Louisiana
  • Physician Home Loan Program In St. Louis Park Minnesota
  • Physician Home Loan Program Suffolk Virginia
  • Physician Home Loan Program Brownsville Texas
  • Physician Loan Arkansas
  • Physician Loan Pennsylvania
  • Physician Home Loan Program In Cedar Rapids Iowa
  • Physician Mortgage Irvine California
  • Physician Home Loan Program In Milwaukee Wisconsin
  • Physician Home Loan Program In Union City New Jersey