Physician Mortgage In Lakeville Minnesota

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

Our loan officers in Lakeville Minnesota offer special financing for doctors, just like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The reason is that doctors are really profitable clients 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 loaning them more money with a lot fewer stipulations than their competitors.

Physician Loan Experts In Lakeville Minnesota

If you are searching for a physician mortgage in Lakeville Minnesota then you came to the perfect place.

You’ve worked 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 doctors to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own loan!

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

We recognize the budgetary demands of your student loan debt, and how important it is to preserve 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 home loan that is exclusively tailored for your needs.

Quite a few doctors in Lakeville Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or minimal to no work history.

Despite these reasons smart financial institutions know that doctors are a good bet considering that they typically have an incredibly 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 just simply speaking to the right mortgage officer makes an enormous difference.

Benefits of Physician Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept a contract 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 drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

Suppose you have some cash to put down or are considering delaying until you have the funds?

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

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

Additionally, don’t overlook that having equity in your house will definitely offer more security and flexibility, specifically if something unplanned happens. With the 100% financed physician home mortgage loan, you should 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 big check for up to 10% of the purchase price just to get out of the home.

Whether you’re relocating down the street, across town or across the country, we are available to help you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Lakeville Minnesota physician loan program!

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

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