Physician Loan Louisiana

Whether you are a first time home buyer or buying a new home in Louisiana, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to close your physician mortgage with efficiency and expertise.

Our loan officers in Louisiana provide specialized financing for doctors, exactly like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The reason is that doctors are really profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by loaning them more money with a lot fewer requirements than their competition.

Physician Home Mortgage Professionals In Louisiana

If you are looking for a physician home loan in Louisiana then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing home really should not be nearly as challenging.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan only for doctors?

Yup, doctors get their own home loan!

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

We recognize the budgetary demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with embarking upon your career. No matter if you are a couple years into practice, or a well established physician, you can count on us to find a home loan that is exclusively tailored for your needs.

A lot of doctors in Louisiana 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 factors smart financial institutions know that doctors are a good bet due to the fact that they historically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banking institutions that do just simply speaking to the best home loan officer makes an enormous difference.

Advantages of Physician Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Typically requires very low to no down payment (0-5 percent).
  • Generally does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Generally will accept an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

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

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

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

Additionally, don’t forget that having equity in your home will most likely offer greater security and overall flexibility, especially if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to expect to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price simply to get out of the home.

Regardless of whether you’re relocating down the road, across town or across the country, we are here to work with you through the physician home loan process:: because you deserve it!

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

Top cities in Louisiana for a physician loan.

Alexandria
Baton Rouge
Bossier City
Kenner
Lafayette
Lake Charles
Monroe
New Orleans
Shreveport