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Whether our clients are a first time home buyer or purchasing a new home in Newark New Jersey, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to close your physician home mortgage with competency and expertise.
Our loan officers in Newark New Jersey 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 really profitable clients for lending 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 far fewer stipulations than their competitions.
If you are looking for a physician loan in Newark New Jersey then you came to the perfect place.
You’ve worked very hard to become a doctor and buying home really should not 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 only for doctors?
Yup, doctors get their own mortgage!
A physician home mortgage is a special loan program created just for doctors in the home purchasing process.
We understand the budgetary demands of your student loan financial obligation, and how vital it is to preserve working capital for when the time is right with launching your career. Whether or not you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specifically tailored for your needs.
A lot of physicians in Newark New Jersey may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.
Despite these reasons smart loan providers know that doctors are a good bet due to the fact that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.
Not all lenders offer this specialized product and within banks that do just simply talking with the right home loan officer makes a tremendous difference.
Purchasing a home doesn’t have to empty your savings and the process doesn’t have to drain your time.
Suppose you have some funds to put down or are looking at delaying until you have the money?
Our loan providers can do the math for you and show you what each situation looks like and the advantages of each too.
In most situations, you’ll get your mortgage loan paid off sooner and save thousands of dollars on interest too.
Furthermore, don’t overlook that having equity in your home will definitely offer greater security and overall flexibility, particularly if something unplanned happens. With the 100% financed physician mortgage loan, you should expect to begin underwater. 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 up to 10% of the purchase price just to get out of the house.
Regardless of whether you are moving down the road, across town or across the country, we are here to assist you through the physician home mortgage process:: because you deserve it!
Doctors, get the home of your dreams with our Newark New Jersey physician loan program!
Less than an hour ago, doctors just like you requested a loan from the locations listed below.