Physician Home Loan Gaithersburg Maryland

Regardless if you are a first time home buyer or purchasing a new home in Gaithersburg Maryland, our vetted loan officers have a strong understanding of the local real estate market and what it really takes to secure your physician mortgage with proficiency and expertise.

Our loan officers in Gaithersburg Maryland offer exclusive financing for doctors, like you.

First off, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are very profitable customers for financial institutions. 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 far fewer terms than their competitors.

Physician Loan Experts In Gaithersburg Maryland

If you are looking for a physician mortgage in Gaithersburg Maryland then you came to the perfect place.

You’ve trained 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 specifically for doctors?

Yup, doctors get their own mortgage!

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

We understand the personal financial demands of your student loan financial obligation, and how important it is to preserve working capital for when the time is right with launching your career. Regardless 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 specifically tailored for your needs.

A large number of doctors in Gaithersburg Maryland 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 choice due to the fact that they typically have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banks that do just simply talking to the right mortgage officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

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

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

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

Additionally, don’t forget that having equity in your home will definitely offer more security and flexibility, specifically if something unexpected happens. With the 100% financed physician home mortgage loan, you should expect to start out under water. If something doesn’t work out and you’re 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 house.

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

Doctors, get the home of your dreams with our Gaithersburg Maryland physician loan program!

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

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