Neil J. Surgenor
Mobile: (212) 933-9900
Eligible Borrowers: Medical Resident (Educational License), Medical Doctor (MD), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Podiatric Medicine (DPM), Doctor of Osteopathy (DO), Nurse Anesthetist, Nurse Practitioner, Clinical Nurse Specialist, Veterinarian, Attorneys, CPAs, and ATP Airline Pilots.
This Products available only on 5-1 and 7-1 adjustable rate mortgages; no fixed rates. (* many other programs available with fixed rates please call to see which program suits you)
I am a senior lending manager for Flagstar Bank, a $16.9 billion savings and loan holding company headquartered in Troy, Mich. Flagstar provides commercial, small business, and consumer banking services through 99 branches in the state. It provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 90 retail locations in 29 states, representing the combined retail branches of Flagstar and Opes Advisors mortgage division.
I possess extensive tenure in the mortgage industry as well as the financial markets, having been a top producer nationwide for the past 20 years. After a successful career on Wall Street, I now focus my efforts on helping families navigate the mortgage marketplace. I draw on my experiences, and am truly able to advise my clients on financing that fits their overall financial profile, not just their immediate mortgage needs.
Whether our clients are a first time home buyer or buying a new home in New York, our vetted loan officers have a strong understanding of the local area real estate market and what it takes to close your physician mortgage with proficiency and know-how.
Our loan officers in New York provide specialized financing for doctors, like you.
First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really profitable clients for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to lock in early career doctors by loaning them more money with a lot fewer stipulations than their competitors.
If you are looking for a physician mortgage in New York then you came to the perfect place.
You’ve worked very hard to become a doctor and buying home shouldn’t be nearly as challenging.
Did you know there is a special loan that makes it easy for physicians to buy a home?
A home loan only for doctors?
Yup, doctors get their own loan!
A physician loan is a special loan program put together just for physicians in the home purchasing process.
We recognize the budgetary demands of your student loan debt, and how important it is to preserve working capital for when the time is right with starting your career. Whether you are a couple years into practice, or a well established physician, you can depend on us to find a home loan that is specifically tailored for your needs.
A large number of doctors in New York may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or minimal to no work history.
Despite these factors smart lenders know that doctors are a good choice due to the fact that they historically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.
Not all lenders offer this specialized product and within banks that do simply consulting with the right mortgage officer makes a tremendous difference.
Purchasing a home doesn’t have to drain your savings and the process doesn’t have to drain your time.
Suppose you have some money to put down or are considering waiting until you have the money?
Our lenders can do the math for you and show you what each situation looks like and the benefits of each too.
In most cases, you’ll get your home loan paid off earlier and save thousands on interest too.
Furthermore, don’t forget that having equity in your house will provide greater security and flexibility, especially if something unforeseen happens. With the 100% financed physician home mortgage loan, you ought to expect to begin under water. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.
Regardless of whether you are moving down the road, across town or across the country, we are right here to work with you throughout the physician home loan process:: because you deserve it!
Doctors, get the house of your dreams with our New York physician home loan program!
Top cities in New York for a physician loan.