Home Mortgage For Physician Lake Charles Louisiana

Regardless if you are a first time home buyer or buying a new home in Lake Charles Louisiana, our vetted loan officers have a strong understanding of the local real estate market and what it requires to close your physician home mortgage with proficiency and expertise.

Our loan officers in Lake Charles Louisiana provide exclusive financing for doctors, exactly like you.

First off, let’s talk about why physician mortgage loans even exist. The 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 secure early career doctors by lending them more money with a lot fewer terms than their competitors.

Physician Mortgage Experts In Lake Charles Louisiana

If you are searching for a physician mortgage in Lake Charles Louisiana 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 specifically for doctors?

Yup, doctors get their own home loan!

A physician home loan is a special loan program designed just for doctors in the home buying process.

We recognize the personal financial demands of your student loan financial obligation, and how essential 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 specially tailored for your needs.

A lot of doctors in Lake Charles Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

Despite these reasons smart financial institutions know that doctors are a good choice considering that they historically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Physician Home Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

Suppose you have some money to put down or are thinking about waiting until you have the funds?

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

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

No matter if you are relocating down the road, across town or across the country, we are here to help you through the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Lake Charles Louisiana physician home loan program!

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

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