Physician Loan In Livonia Michigan

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 our clients are a first time home buyer or purchasing a new home in Livonia Michigan, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to secure your physician home loan with efficiency and expertise.

Our loan officers in Livonia Michigan provide special financing for doctors, exactly like you.

First off, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to lock in early career doctors by lending them more money with a fewer number of stipulations than their competitors.

Physician Home Mortgage Experts In Livonia Michigan

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

You’ve trained very hard to become a doctor and buying home really 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 mortgage!

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

We recognize the financial demands of your student loan financial debt, and how important it is to preserve working capital for when the time is right with launching your career. Whether you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is specifically tailored for your needs.

A large number of doctors in Livonia Michigan may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these factors smart loan providers know that doctors are a good choice due to the fact 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 talking with the best mortgage officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires small 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 an agreement as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some funds to put down or are looking at delaying until you have the money?

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

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

Additionally, don’t forget that having equity in your home will most likely offer greater security and flexibility, specifically if something unforeseen happens. With the 100% financed physician home mortgage loan, you ought to expect to begin underwater. If something does not work out and you’re 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 house.

No matter if you’re moving down the street, across town or across the country, we are available to assist you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Livonia Michigan physician loan program!

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

  • Physician Home Loan Syracuse New York
  • Physician Home Loan Program Miami Gardens Florida
  • Physician Loan In Kansas City Missouri
  • Physician Loan Ohio
  • Physician Home Loan Program Macon Georgia
  • Home Mortgage For Physicians In Modesto California
  • Physician Mortgage Longmont Colorado
  • Home Mortgage For Physician Tinley Park Illinois
  • Home Mortgage For Physician Hampton Virginia
  • Physician Loan In Northglenn Colorado