Physician Home Loan Greenville South Carolina

Whether our clients are a first time home buyer or purchasing a new home in Greenville South Carolina, our vetted loan officers have a strong understanding of the local area real estate market and what it requires to close your physician loan with efficiency and know-how.

Our loan officers in Greenville South Carolina provide specialized financing for doctors, exactly like you.

To start with, let’s discuss 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 loaning them more money with a fewer number of stipulations than their competitors.

Physician Home Mortgage Experts In Greenville South Carolina

If you are searching for a physician mortgage loan in Greenville South Carolina then you came to the right place.

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

Yup, doctors get their own loan!

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

We recognize the personal financial demands of your student loan liability, and how vital 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 lot of doctors in Greenville South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

Despite these reasons smart lenders know that doctors are a good choice due to the fact that they typically have an extremely low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banks that do simply speaking with the right home loan officer makes a tremendous difference.

Benefits of Physician Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even when 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.

Buying a house doesn’t have to empty 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 waiting until you have the cash?

Our mortgage lenders 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 earlier and save thousands on interest too.

Furthermore, don’t forget that having equity in your house will likely provide more security and overall flexibility, especially if something unanticipated happens. With the 100% financed physician mortgage loan, you should expect to start out under water. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.

No matter if you are moving down the street, across town or across the country, we are right here to assist you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Greenville South Carolina physician home mortgage program!

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

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