Home Mortgage For Physician Kokomo Indiana

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
Get Your Physician Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Regardless of whether you are a first time home buyer or buying a new home in Kokomo Indiana, our vetted loan officers have a strong understanding of the local real estate market and what it takes to close your physician home loan with proficiency and know-how.

Our loan officers in Kokomo Indiana provide specialized financing for doctors, 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 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 lending them more money with fewer requirements than their competitors.

Physician Mortgage Experts In Kokomo Indiana

If you are searching for a physician home loan in Kokomo Indiana then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t 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 mortgage!

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

We are aware of the budgetary demands of your student loan debt, and how vital it is to maintain working capital for when the time is right with launching your career. No matter if you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specially tailored for your needs.

Many doctors in Kokomo Indiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these factors smart lending institutions 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 secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply talking to the right mortgage officer makes a remarkable difference.

Advantages of Physician Home Loans

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

Buying a home doesn’t have to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your house will likely provide greater security and flexibility, especially if something unexpected happens. With the 100% financed physician home mortgage loan, you should anticipate to start out underwater. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the home.

Regardless of whether you are relocating down the street, across town or across the country, we are here to work with you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Kokomo Indiana physician loan program!

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

  • Physician Home Loan Program Lancaster Pennsylvania
  • Physician Loan Connecticut
  • Physician Mortgage In Dallas Texas
  • Home Mortgage For Physician Memphis Tennessee
  • Physician Mortgage In Phenix City Alabama
  • Physician Mortgage In Lexington Kentucky
  • Physician Home Loan Program In Concord North Carolina
  • Home Mortgage For Physicians In Muncie Indiana
  • Home Mortgage For Physician McAllen Texas
  • Physician Home Loan Owensboro Kentucky