Physician Mortgage Lafayette Indiana

Regardless if our clients are a first time home buyer or purchasing a new home in Lafayette Indiana, our vetted loan officers have a solid understanding of the local real estate market and what it really takes to secure your physician mortgage with proficiency and expertise.

Our loan officers in Lafayette Indiana provide special financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for financial 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 terms than their competitors.

Physician Mortgage Experts In Lafayette Indiana

If you are looking for a physician mortgage in Lafayette Indiana then you came to the right 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 home loan!

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

We are aware of the budgetary demands of your student loan financial debt, and how crucial it is to preserve 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 exclusively tailored for your needs.

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

Despite these reasons smart lending institutions know that doctors are a good choice considering that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply speaking with the right mortgage officer makes a significant difference.

Advantages of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • 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 documentation of future earnings, in lieu of pay stubs or W-2s, that 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 Money Down?

What if you have some funds to put down or are considering delaying until you have the funds?

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

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

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

No matter if you’re relocating down the road, across town or across the country, we are available to work with you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Lafayette Indiana physician loan program!

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

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  • Physician Mortgage

    Whether or not you are a first time home buyer or buying a new home in Lafayette Indiana, our vetted loan officers have a solid understanding of the local area real estate market and what it really requires to secure your physician loan with competency and know-how.

    Our loan officers in Lafayette Indiana offer specialized financing for doctors, just 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 physician home loans to secure early career doctors by loaning them more money with fewer stipulations than their competitors.

    Physician Home Mortgage Experts In Lafayette Indiana

    If you are looking for a physician mortgage in Lafayette Indiana then you came to the perfect place.

    You’ve worked very hard to become a doctor and buying 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 specifically for doctors?

    Yup, doctors get their own mortgage!

    A physician mortgage is a customized loan program created just for doctors in the home buying process.

    We recognize the budgetary demands of your student loan financial obligation, and how vital it is to preserve working capital for when the time is right with starting 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 Lafayette Indiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or little to no work history.

    Despite these factors smart loan providers know that doctors are a good bet considering that they generally have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

    Not all lenders offer this specialized product and within banking institutions that do simply consulting with the best mortgage loan officer makes a significant difference.

    Benefits of Physician Mortgage Loans

    • Generally does not include student loan monthly payments in debt-to-income ratio.
    • Requires 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, instead of pay stubs or W-2s, which don’t yet exist.

    Buying a house doesn’t have to drain 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 looking at delaying until you have the cash?

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

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

    Furthermore, don’t overlook that having equity in your house will likely offer greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed physician home mortgage loan, you should expect to start out underwater. 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 as much as 10% of the purchase price just to get out of the house.

    Whether you are relocating down the road, across town or across the country, we are right here to lend a hand you all throughout the physician home loan process:: because you deserve it!

    Doctors, get the house of your dreams with our Lafayette Indiana physician loan program!