Physician Mortgage Franklin Tennessee

Whether our clients are a first time home buyer or purchasing a new home in Franklin Tennessee, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to close your physician home mortgage with competency and expertise.

Our loan officers in Franklin Tennessee 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 extremely 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 lending them more money with a fewer number of requirements than their competitions.

Physician Loan Experts In Franklin Tennessee

If you are looking for a physician mortgage in Franklin Tennessee 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 challenging.

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 specialized loan program put together just for doctors in the home buying process.

We recognize the economic demands of your student loan liability, and how important it is to maintain working capital for when the time is right with launching 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 mortgage loan that is exclusively tailored for your needs.

A lot of physicians in Franklin Tennessee 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 lenders know that doctors are a good bet considering that they traditionally have an exceptionally low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply speaking with 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 ratio.
  • Requires small to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept an agreement as evidence 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 cash?

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

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

Additionally, don’t overlook that having equity in your house will most likely provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed physician mortgage loan, you should expect to start out under water. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the house.

Whether you’re relocating down the road, across town or across the country, we are available to lend a hand you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Franklin Tennessee physician home loan program!

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

  • Physician Mortgage In Lubbock Texas
  • Physician Loan Arkansas
  • Physician Loan Louisiana
  • Physician Loan In Bowling Green Kentucky
  • Physician Home Loan Program Elgin Illinois
  • Physician Mortgage In Tulsa Oklahoma
  • Home Mortgage For Physicians In Brockton Massachusetts
  • Physician Mortgage In Lexington Kentucky
  • Physician Mortgage In Camden New Jersey
  • Physician Home Loan Vineland New Jersey