Home Mortgage For Physicians In Grand Rapids Michigan

Regardless of whether you are a first time home buyer or buying a new home in Grand Rapids Michigan, our vetted loan officers have a strong understanding of the local real estate market and what it requires to close your physician home mortgage with efficiency and expertise.

Our loan officers in Grand Rapids Michigan offer exclusive financing for doctors, just like you.

To start with, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable clients 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 lending them more money with a fewer number of stipulations than their competition.

Physician Home Mortgage Experts In Grand Rapids Michigan

If you are looking for a physician mortgage in Grand Rapids Michigan then you came to the perfect place.

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

We are aware of the economic demands of your student loan debt, 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 rely on us to find a home loan that is exclusively tailored for your needs.

A large number of physicians in Grand Rapids Michigan may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these reasons smart financial institutions know that doctors are a good bet considering that they typically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

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

Benefits of Physician Home Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as proof of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

Purchasing a house doesn’t need to drain 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 mortgage lenders can do the math for you and show you what each scenario looks like and the advantages of each too.

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

Furthermore, don’t overlook that having equity in your home will definitely offer more security and flexibility, particularly if something unexpected happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.

Whether you are relocating down the road, across town or across the country, we are right here to lend a hand you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Grand Rapids Michigan 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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