Physician Loan Idaho

Whether or not our clients are a first time home buyer or buying a new home in Idaho, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to secure your physician home mortgage with efficiency and know-how.

Our loan officers in Idaho provide special financing for doctors, exactly like you.

First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really profitable clients for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by loaning them more money with a lot fewer requirements than their competitors.

Physician Mortgage Professionals In Idaho

If you are searching for a physician mortgage in Idaho 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 physicians to buy a home?

A home loan just for doctors?

Yup, doctors get their own mortgage!

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

We recognize the personal financial demands of your student loan financial debt, and how crucial 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 physician, you can count on us to find a home loan that is specially tailored for your needs.

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

Despite these factors smart loan providers know that doctors are a good bet because they traditionally have an extremely low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply talking with the right mortgage loan officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Usually requires small to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Generally will approve an agreement as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Additionally, don’t forget that having equity in your home will definitely offer greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the house.

Whether you’re moving down the road, across town or across the country, we are here to help you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Idaho physician home mortgage program!

Top cities in Idaho for a physician loan.