Physician Mortgage Harrisonburg Virginia

Whether you are a first time home buyer or purchasing a new home in Harrisonburg Virginia, our vetted loan officers have a solid understanding of the local area real estate industry and what it requires to secure your physician loan with proficiency and expertise.

Our loan officers in Harrisonburg Virginia provide exclusive financing for doctors, just like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable clients 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 fewer number of stipulations than their competitions.

Physician Home Mortgage Experts In Harrisonburg Virginia

If you are searching for a physician mortgage in Harrisonburg Virginia then you came to the perfect place.

You’ve trained very hard to become a doctor and buying 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 just for doctors?

Yup, doctors get their own home loan!

A physician mortgage is a specialized loan program put together just for doctors in the home purchasing process.

We are aware of the financial demands of your student loan debt, and how essential it is to maintain working capital for when the time is right with embarking upon your career. Whether or not you are a couple years into practice, or a well established doctor, you can rely on us to find a mortgage loan that is exclusively tailored for your needs.

Quite a few physicians in Harrisonburg Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these reasons smart loan providers know that doctors are a good bet due to the fact that they traditionally have an extremely low default rate on loans, high earning potential and stable jobs.

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

Advantages of Physician Home Mortgage Loans

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

Purchasing a house doesn’t need to empty your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

What if you have some cash to put down or are thinking about waiting until you have the money?

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

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

Furthermore, don’t forget that having equity in your house will likely provide greater security and flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the house.

Regardless of whether you’re moving down the street, across town or across the country, we are here to assist you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Harrisonburg Virginia 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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