Home Mortgage For Physician McAllen Texas

Whether or not you are a first time home buyer or buying a new home in McAllen Texas, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to secure your physician mortgage with competency and know-how.

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

First and foremost, let’s talk about 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 secure early career doctors by lending them more money with a fewer number of stipulations than their competitors.

Physician Mortgage Experts In McAllen Texas

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

You’ve trained very hard to become a doctor and buying home should not 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 only for doctors?

Yup, doctors get their own loan!

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

We recognize the personal financial demands of your student loan financial obligation, and how important it is to maintain working capital for when the time is right with embarking upon 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 home loan that is specifically tailored for your needs.

A lot of physicians in McAllen Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these reasons smart lenders know that doctors are a good bet because they typically have an exceptionally low default rate on loans, high earning potential and secure jobs.

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

Benefits of Physician 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), even if lower than 20 percent down payment.
  • Will accept a contract as proof of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying 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 cash to put down or are looking at waiting until you have the cash?

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

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

Furthermore, don’t overlook that having equity in your house will likely offer more security and flexibility, particularly if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the house.

No matter if you’re relocating down the street, across town or across the country, we are available to lend a hand you through the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our McAllen 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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