Physician Home Loan Program In Riverside California

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
Get Your Physician Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Regardless of whether you are a first time home buyer or purchasing a new home in Riverside California, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to secure your physician mortgage with efficiency and expertise.

Our loan officers in Riverside California offer exclusive financing for doctors, exactly like you.

First, let’s discuss why physician mortgage loans even exist. The reason is that doctors are very profitable clients for lending 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 loaning them more money with fewer stipulations than their competitions.

Physician Home Loan Experts In Riverside California

If you are looking for a physician home loan in Riverside California then you came to the right place.

You’ve trained very hard to become a doctor and buying home shouldn’t 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 loan is a special loan program created just for doctors in the home purchasing process.

We are aware of the budgetary demands of your student loan financial debt, and how vital 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 specifically tailored for your needs.

A lot of doctors in Riverside California 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 loan providers know that doctors are a good bet because they historically have an extremely low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply talking to the best mortgage officer makes an enormous difference.

Benefits of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your home will likely provide greater security and overall flexibility, especially 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 large check for as much as 10% of the purchase price just to get out of the house.

No matter if you are moving down the street, across town or across the country, we are right here to assist you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Riverside California physician loan program!

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

  • Physician Loan In Philadelphia Pennsylvania
  • Physician Loan Pennsylvania
  • Physician Loan In Port St. Lucie Florida
  • Physician Loan In High Point North Carolina
  • Physician Home Loan Program In Eau Claire Wisconsin
  • Physician Home Loan Wilkes Barre Pennsylvania
  • Home Mortgage For Physician Springfield Illinois
  • Physician Home Loan Program In Frederick Maryland
  • Physician Loan In Taylor Michigan
  • Home Mortgage For Physician Hagerstown Maryland