Physician Mortgage In Lubbock Texas

Regardless of whether our clients are a first time home buyer or buying a new home in Lubbock Texas, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to close your physician home loan with efficiency and expertise.

Our loan officers in Lubbock Texas provide specialized financing for doctors, like you.

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

Physician Loan Experts In Lubbock Texas

If you are looking for a physician mortgage in Lubbock Texas then you came to the right place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t be nearly as difficult.

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

A home loan just for doctors?

Yup, doctors get their own home loan!

A physician loan is a specialty loan program designed just for doctors in the home buying process.

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

A large number of doctors in Lubbock Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or little to no work history.

Despite these reasons smart loan providers know that doctors are a good bet considering that they generally have an exceptionally low default rate on loans, high earning potential and stable jobs.

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

Advantages of Physician Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a home 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 money to put down or are considering waiting until you have the money?

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 home loan paid off sooner and save thousands of dollars on interest too.

Additionally, don’t overlook that having equity in your home will definitely provide more security and overall flexibility, particularly if something unanticipated happens. With the 100% financed physician mortgage loan, you ought to anticipate to start out under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.

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

Doctors, get the home of your dreams with our Lubbock Texas physician loan program!

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

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