Physician Home Loan Portsmouth Virginia

Regardless if our clients are a first time home buyer or buying a new home in Portsmouth Virginia, our vetted loan officers have a strong understanding of the local area real estate market and what it requires to secure your physician mortgage with competency and expertise.

Our loan officers in Portsmouth Virginia provide exclusive financing for doctors, like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by lending them more money with a lot fewer stipulations than their competitions.

Physician Mortgage Experts In Portsmouth Virginia

If you are looking for a physician home loan in Portsmouth Virginia then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home should not 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 loan!

A physician loan is a specialty loan program designed just for doctors in the home buying process.

We understand the economic demands of your student loan debt, and how important 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 rely on us to find a mortgage loan that is exclusively tailored for your needs.

Many physicians in Portsmouth Virginia 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 reasons smart lenders know that doctors are a good bet because they typically have an extremely low default rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banking institutions that do simply speaking to the right mortgage loan officer makes a remarkable difference.

Advantages of Physician Home Mortgage Loans

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

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

Should You Put Cash Down?

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

Our loan providers can do the math for you and show you what each situation looks like and the benefits of each too.

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

Additionally, don’t forget that having equity in your home will definitely provide more security and overall flexibility, particularly if something unanticipated happens. With the 100% financed physician home mortgage loan, you ought to expect 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 sizable check for as much as 10% of the purchase price just to get out of the house.

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

Doctors, get the home of your dreams with our Portsmouth Virginia physician home loan program!

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

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