Physician Home Loan Reading Pennsylvania

Preferred Physician Loan Officer

Doug Adamson
NMLS# 659355
Mobile: (434) 760-2193
Email: dadamson@fultonmortgagecompany.com
Website: www.fultonmortgagecompany.com/dougadamson

  • 100% LTV to $1.5 million
  • Fixed-rate and 5/1, 7/1, 10/1 and 15/1 fixed-term ARM options available
  • No mortgage insurance
  • 700 minimum credit score
  • Student loan payments deferred for 12 months or longer excluded from qualifying debt
  • Physicians, Dentists, Pharmacists, Podiatrists, Ophthalmologists, Veterinarians eligible
  • Gift funds allowed from immediate family members
  • No limit on years out of training for relocating doctors

Doug Adamson has specialized in lending to doctors since the doctor loan program was invented over 20 years ago. As a Certified Mortgage Planner®, Doug is uniquely equipped to help you integrate your mortgage plan with your overall wealth-building strategy. With Doug, you will entrust your financial future with a specialist able to help you choose financing that not only saves you tens of thousands of dollars over the life of the loan, but helps you manage your debt and equity strategically. My team and I look forward to working with you to more quickly fulfill all of your financial dreams.

Get Your Physician Loan Rates Now by Completing the Form Below.

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

Our loan officers in Reading Pennsylvania offer special financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are very 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 fewer number of stipulations than their competitors.

Physician Home Loan Experts In Reading Pennsylvania

If you are trying to find a physician loan in Reading Pennsylvania 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 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 home loan is a customized loan program developed just for doctors in the home buying process.

We recognize the budgetary demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with embarking upon your career. Whether or not you are a couple years into practice, or a well established doctor, you can count on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these reasons smart lenders know that doctors are a good choice considering that they typically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

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

Benefits of Physician Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as evidence 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?

Suppose you have some cash to put down or are considering delaying until you have the money?

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

In most circumstances, you’ll get your home loan paid off sooner and save thousands on interest too.

Furthermore, don’t overlook that having equity in your home will most likely provide greater security and overall flexibility, particularly if something unexpected happens. With the 100% financed physician home mortgage loan, you ought to expect to begin under water. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

Whether you are relocating down the road, across town or across the country, we are right here to lend a hand you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Reading Pennsylvania physician home mortgage program!

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