Home Mortgage For Physician Hilton Head Island South Carolina

Regardless of whether you are a first time home buyer or buying a new home in Hilton Head Island South Carolina, our vetted loan officers have a strong understanding of the local area real estate industry and what it requires to secure your physician mortgage with proficiency and expertise.

Our loan officers in Hilton Head Island South Carolina provide exclusive financing for doctors, just like you.

First, 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 lock in early career doctors by loaning them more money with fewer terms than their competitors.

Physician Mortgage Experts In Hilton Head Island South Carolina

If you are looking for a physician home loan in Hilton Head Island South Carolina then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home 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 only for doctors?

Yup, doctors get their own loan!

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

We understand the budgetary demands of your student loan debt, and how crucial it is to maintain working capital for when the time is right with embarking upon your career. Whether you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specifically tailored for your needs.

A large number of physicians in Hilton Head Island South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

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

Not all mortgage lenders offer this specialized product and within banking institutions that do simply talking to the right home loan officer makes a tremendous difference.

Advantages of Physician Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income percentage.
  • 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 approve a contract as documentation of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some cash to put down or are looking at waiting until you have the money?

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

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

Furthermore, don’t overlook that having equity in your house will most likely offer more security and flexibility, specifically if something unexpected happens. With the 100% financed physician mortgage loan, you ought to expect to begin under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the home.

Regardless of whether you are relocating down the road, across town or across the country, we are available to help you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Hilton Head Island South Carolina physician loan program!

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

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