Physician Loan In Port St. Lucie Florida

Regardless of whether our clients are a first time home buyer or buying a new home in Port St. Lucie Florida, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to secure your physician mortgage with efficiency and know-how.

Our loan officers in Port St. Lucie Florida offer special financing for doctors, like you.

First off, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable customers for financial 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 a fewer number of terms than their competition.

Physician Mortgage Experts In Port St. Lucie Florida

If you are searching for a physician mortgage in Port St. Lucie Florida then you came to the perfect place.

You’ve trained very hard to become a doctor and purchasing 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 specifically for doctors?

Yup, doctors get their own mortgage!

A physician loan is a special loan program made just for doctors in the home purchasing process.

We are aware of the economic demands of your student loan liability, and how crucial it is to preserve working capital for when the time is right with launching your career. Regardless if 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.

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

Despite these factors smart lenders know that doctors are a good bet due to the fact that they generally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do simply speaking to the best mortgage officer makes an enormous difference.

Advantages of Physician Home Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

In most instances, you’ll get your home loan paid off earlier and save thousands of dollars on interest too.

Furthermore, don’t forget that having equity in your home will definitely provide greater security and flexibility, especially if something unexpected 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 sizable check for as much as 10% of the purchase price just to get out of the house.

No matter if you are relocating down the road, across town or across the country, we are here to assist you through the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Port St. Lucie Florida physician home mortgage program!