Physician Loan In Lakewood Washington

Whether or not our clients are a first time home buyer or purchasing a new home in Lakewood Washington, our vetted loan officers have a strong understanding of the local real estate industry and what it requires to close your physician mortgage with competency and expertise.

Our loan officers in Lakewood Washington provide exclusive financing for doctors, like you.

To start with, let’s talk about why physician mortgage loans even exist. The main 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 a fewer number of terms than their competition.

Physician Mortgage Experts In Lakewood Washington

If you are searching for a physician loan in Lakewood Washington then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t 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 only for doctors?

Yup, doctors get their own loan!

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

We are aware of the personal financial demands of your student loan liability, and how vital it is to preserve working capital for when the time is right with starting your career. Whether or not 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.

A large number of physicians in Lakewood Washington 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 lending institutions know that doctors are a good bet because 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 banks that do just simply speaking with the right mortgage officer makes a significant difference.

Benefits of Physician Mortgage 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 require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

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

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

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

Furthermore, don’t forget that having equity in your house will most likely offer more security and flexibility, especially if something unexpected happens. With the 100% financed physician home mortgage loan, you should expect to start out underwater. If something doesn’t 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 are relocating down the street, across town or across the country, we are here to assist you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Lakewood Washington physician loan program!

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

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