Physician Home Loan Program North Charleston South Carolina

Whether our clients are a first time home buyer or purchasing a new home in North Charleston South Carolina, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to secure your physician loan with proficiency and know-how.

Our loan officers in North Charleston South Carolina provide exclusive financing for doctors, just like you.

First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are very profitable clients for lenders. 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 competitors.

Physician Loan Experts In North Charleston South Carolina

If you are trying to find a physician mortgage in North Charleston South Carolina then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing home shouldn’t 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 only for doctors?

Yup, doctors get their own home loan!

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

We are aware of the economic demands of your student loan debt, and how important it is to maintain working capital for when the time is right with launching 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.

Many physicians in North Charleston South Carolina 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 lending institutions know that doctors are a good choice due to the fact that they typically have an exceptionally low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply talking to the best home loan officer makes a tremendous difference.

Advantages of Physician Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a home doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some money to put down or are looking at waiting 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 circumstances, you’ll get your mortgage loan paid off sooner and save thousands on interest rates too.

Additionally, don’t forget that having equity in your house will provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed physician home mortgage loan, you ought to anticipate to start out underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the house.

No matter if you’re moving down the street, across town or across the country, we are available to help you all throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our North Charleston South Carolina physician loan program!

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

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