Regardless of whether you are a first time home buyer or buying a new home in Palm Bay Florida, our vetted loan officers have a strong understanding of the local real estate market and what it requires to close your physician home loan with competency and expertise.
Our loan officers in Palm Bay Florida offer specialized financing for doctors, like you.
To start with, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are very profitable customers 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 competitors.
If you are trying to find a physician mortgage in Palm Bay Florida 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 specifically for doctors?
Yup, doctors get their own mortgage!
A physician home mortgage is a specialized loan program created just for doctors in the home purchasing process.
We recognize the personal financial demands of your student loan financial obligation, and how important it is to maintain working capital for when the time is right with embarking upon your career. Whether you are a couple years into practice, or a well established doctor, you can count on us to find a home loan that is specially tailored for your needs.
A large number of doctors in Palm Bay Florida may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt 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 historically have an extremely low default rate on loans, high earning potential and stable jobs.
Not all financial institutions offer this specialized product and within banking institutions that do just simply consulting with the right mortgage loan officer makes a significant difference.
Purchasing a house doesn’t need to empty your savings and the process doesn’t need to drain your time.
Suppose you have some cash 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 scenario looks like and the benefits of each too.
In most circumstances, you’ll get your mortgage loan paid off sooner and save thousands on interest rates too.
Furthermore, don’t overlook that having equity in your home will provide more security and flexibility, especially if something unforeseen happens. With the 100% financed physician home mortgage loan, you should anticipate to start out under water. If something doesn’t 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 simply to get out of the house.
No matter if you’re moving down the street, across town or across the country, we are right here to assist you through the physician home loan process:: because you deserve it!
Doctors, get the home of your dreams with our Palm Bay Florida physician home loan program!