Physician Mortgage In Pompano Beach Florida

Regardless of whether our clients are a first time home buyer or purchasing a new home in Pompano Beach Florida, our vetted loan officers have a solid understanding of the local area real estate industry and what it really takes to secure your physician home mortgage with efficiency and expertise.

Our loan officers in Pompano Beach Florida provide special 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 fewer terms than their competition.

Physician Home Mortgage Experts In Pompano Beach Florida

If you are searching for a physician mortgage in Pompano Beach Florida then you came to the perfect place.

You’ve trained very hard to become a doctor and buying home 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 loan is a special loan program developed just for doctors in the home purchasing process.

We understand the budgetary demands of your student loan liability, 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 doctor, you can depend on us to find a mortgage loan that is specially tailored for your needs.

Many doctors in Pompano Beach Florida 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 reasons smart lending institutions know that doctors are a good choice because they historically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

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

Benefits of Physician Mortgage Loans

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

Buying a house doesn’t need to drain your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

What if you have some funds to put down or are thinking about waiting until you have the cash?

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 home mortgage paid off earlier and save thousands on interest too.

Furthermore, don’t overlook that having equity in your home will definitely provide greater security and flexibility, particularly if something unanticipated happens. With the 100% financed physician home 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 sizable check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you are relocating down the road, across town or across the country, we are here to work with you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Pompano Beach Florida physician home loan program!