Physician Loan Ohio

Whether or not our clients are a first time home buyer or purchasing a new home in Ohio, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to close your physician home loan with proficiency and expertise.

Our loan officers in Ohio offer special financing for doctors, just like you.

To start with, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable clients for lenders. 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 lending them more money with a lot fewer stipulations than their competitions.

Physician Home Mortgage Professionals In Ohio

If you are looking for a physician mortgage loan in Ohio 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 physicians to buy a home?

A home loan only for doctors?

Yup, doctors get their own home loan!

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

We are aware of the financial demands of your student loan financial obligation, and how crucial 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 count on us to find a mortgage loan that is exclusively tailored for your needs.

A large number of physicians in Ohio may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these reasons smart financial institutions know that doctors are a good bet 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 consulting with the best mortgage officer makes a significant difference.

Benefits of Physician Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Generally requires small to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Usually will accept a contract as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Buying 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 cash to put down or are looking at delaying until you have the money?

Our mortgage lenders 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 home mortgage paid off sooner and save thousands on interest rates too.

Additionally, don’t forget that having equity in your house will most likely provide more security and overall flexibility, particularly if something unplanned happens. With the 100% financed physician home mortgage loan, you should expect to start out under water. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the home.

Regardless of whether you are relocating down the road, across town or across the country, we are available to assist you all throughout the physician home loan process:: because you deserve it!

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

Top cities in Ohio for a physician loan.

Akron
Beavercreek
Canton
Cincinnati
Cleveland
Columbus
Cuyahoga Falls
Dayton
Elyria
Euclid
Hamilton
Kettering
Lakewood
Lorain
Mansfield
Mentor
Middletown
Newark
Parma
Springfield
Toledo
Youngstown