Physician Mortgage New Rochelle New York

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.
Get Your Physician Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Whether or not our clients are a first time home buyer or buying a new home in New Rochelle New York, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to secure your physician home mortgage with proficiency and know-how.

Our loan officers in New Rochelle New York provide exclusive financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really 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 secure early career doctors by loaning them more money with far fewer terms than their competitors.

Physician Home Loan Experts In New Rochelle New York

If you are searching for a physician home loan in New Rochelle New York then you came to the right place.

You’ve trained 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 specifically for doctors?

Yup, doctors get their own loan!

A physician loan is a specialized loan program developed just for doctors in the home purchasing process.

We understand the economic demands of your student loan liability, 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 specially tailored for your needs.

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

Despite these factors smart financial institutions know that doctors are a good bet considering that they traditionally 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 simply speaking with the right mortgage officer makes a significant difference.

Advantages of Physician Home Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as evidence of future earnings, in lieu 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 need to drain your time.

Should You Put Money Down?

Suppose you have some cash to put down or are considering 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 home loan paid off earlier and save thousands of dollars on interest too.

Furthermore, don’t overlook that having equity in your house will provide more security and flexibility, particularly if something unanticipated happens. With the 100% financed physician mortgage loan, you ought to expect to begin underwater. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the home.

Whether you are relocating down the road, across town or across the country, we are here to work with you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our New Rochelle New York physician home mortgage program!

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

  • Physician Home Loan Program In State College Pennsylvania
  • Physician Loan In Burlington North Carolina
  • Physician Loan In Ames Iowa
  • Home Mortgage For Physician St Joseph Missouri
  • Physician Home Loan Midwest City Oklahoma
  • Physician Home Loan Program Seattle Washington
  • Physician Loan In Schenectady New York
  • Physician Mortgage Bethlehem Pennsylvania
  • Physician Home Loan Program In Salem Oregon
  • Physician Home Loan Fall River Massachusetts