Physician Loan North Carolina

Whether or not you are a first time home buyer or purchasing a new home in North Carolina, our vetted loan officers have a strong understanding of the local real estate market and what it requires to close your physician home mortgage with efficiency and know-how.

Our loan officers in North Carolina offer 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 very profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by loaning them more money with far fewer stipulations than their competition.

Physician Mortgage Professionals In North Carolina

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

You’ve worked 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 physicians to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own loan!

A physician mortgage is a special loan program created just for physicians in the home buying process.

We recognize the economic demands of your student loan debt, and how important it is to maintain 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 physician, you can rely on us to find a home loan that is exclusively tailored for your needs.

Many doctors in North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

Despite these factors smart financial institutions know that doctors are a good choice considering that they generally have an exceptionally low nonpayment 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 mortgage loan officer makes a significant difference.

Benefits of Physician Home Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Generally requires low to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Usually will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a home doesn’t have to empty your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some cash to put down or are looking at waiting until you have the cash?

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

In most circumstances, you’ll get your home mortgage paid off earlier and save thousands on interest too.

Furthermore, don’t overlook that having equity in your house will definitely provide 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 are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the house.

Regardless of whether you’re moving down the road, across town or across the country, we are here to help you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our North Carolina physician home mortgage program!

Top cities in North Carolina for a physician loan.

Apex
Asheville
Burlington
Cary
Chapel Hill
Charlotte
Concord
Durham
Fayetteville
Gastonia
Greensboro
Greenville
Hickory
High Point
Huntersville
Jacksonville
Kannapolis
Raleigh
Rocky Mount
Wilmington
Wilson
Winston Salem