Home Mortgage For Physicians In Montgomery Alabama

Regardless of whether our clients are a first time home buyer or buying a new home in Montgomery Alabama, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to close your physician home loan with proficiency and know-how.

Our loan officers in al geo provide special financing for doctors, just like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers for lenders. 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 far fewer requirements than their competitions.

Physician Mortgage Experts In Montgomery Alabama

If you are looking for a physician mortgage in Montgomery Alabama then you came to the right 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 special loan program created just for doctors in the home purchasing process.

We are aware of the financial demands of your student loan liability, and how essential 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 exclusively tailored for your needs.

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

Despite these reasons smart loan providers know that doctors are a good bet due to the fact that they historically have an incredibly low default rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply talking to the right mortgage loan officer makes a remarkable difference.

Benefits of Physician Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires 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.
  • Will approve a contract as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a house doesn’t have to empty 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 thinking about delaying until you have the money?

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

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

Furthermore, don’t forget that having equity in your house will offer greater security and overall flexibility, specifically if something unexpected happens. With the 100% financed physician home mortgage loan, you should anticipate to start out underwater. If something does not work out and you are 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 home.

Whether you’re moving down the street, across town or across the country, we are here to work with you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Montgomery Alabama physician home mortgage program!

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

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