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