Physician Mortgage In Mesquite Texas

Regardless of whether our clients are a first time home buyer or purchasing a new home in Mesquite Texas, our vetted loan officers have a solid understanding of the local area real estate market and what it really takes to secure your physician home mortgage with proficiency and know-how.

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

First, let’s talk about 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 loaning them more money with fewer requirements than their competitions.

Physician Home Mortgage Experts In Mesquite Texas

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

You’ve trained very hard to become a doctor and buying 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 home loan is a specialized loan program put together just for doctors in the home purchasing process.

We are aware of the budgetary demands of your student loan financial debt, and how important it is to maintain working capital for when the time is right with starting your career. Whether or not you are a couple years into practice, or a well established doctor, you can depend on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these factors smart lenders know that doctors are a good bet considering that they traditionally have an incredibly low default rate on loans, high earning potential and stable jobs.

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

Benefits of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve a contract 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 drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

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

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

In most cases, you’ll get your mortgage loan paid off sooner and save thousands of dollars on interest too.

Additionally, don’t overlook that having equity in your house will likely provide greater security and flexibility, particularly if something unexpected happens. With the 100% financed physician mortgage loan, you should expect to start out under water. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the house.

No matter if you’re moving down the road, across town or across the country, we are available to help you through the physician home mortgage process:: because you deserve it!

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

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

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