Physician Home Loan Program Nashville Tennessee

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
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Regardless of whether you are a first time home buyer or buying a new home in Nashville Tennessee, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to close your physician loan with proficiency and expertise.

Our loan officers in Nashville Tennessee offer specialized financing for doctors, just like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are very profitable clients 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 terms than their competitors.

Physician Home Mortgage Experts In Nashville Tennessee

If you are searching for a physician mortgage loan in Nashville Tennessee then you came to the perfect place.

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

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 mortgage!

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

We are aware of the economic demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with starting your career. Regardless if you are a couple years into practice, or a well established doctor, you can rely on us to find a home loan that is specifically tailored for your needs.

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

Despite these reasons smart lenders know that doctors are a good choice due to the fact that they traditionally have an extremely 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 simply talking to the best home loan officer makes a significant difference.

Advantages of Physician Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not necessitate 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, that don’t yet exist.

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

Should You Put Cash Down?

What if you have some money to put down or are thinking about waiting until you have the cash?

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 situations, you’ll get your home mortgage paid off sooner and save thousands on interest too.

Additionally, don’t forget that having equity in your home will most likely offer greater security and flexibility, especially if something unplanned happens. With the 100% financed physician home mortgage loan, you should expect 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 big 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 here to lend a hand you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Nashville Tennessee physician loan program!

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

  • Home Mortgage For Physician Passaic New Jersey
  • Physician Home Loan Ann Arbor Michigan
  • Physician Loan District of Columbia
  • Home Mortgage For Physician Huntington Beach California
  • Physician Home Loan Program Janesville Wisconsin
  • Physician Mortgage Sammamish Washington
  • Physician Loan In Shoreline Washington
  • Home Mortgage For Physicians In Euclid Ohio
  • Physician Loan In Bolingbrook Illinois
  • Home Mortgage For Physicians In Huntersville North Carolina