Physician Loan In Rock Hill South Carolina

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 Rock Hill South Carolina, our vetted loan officers have a strong understanding of the local real estate industry and what it really takes to secure your physician home loan with efficiency and know-how.

Our loan officers in Rock Hill South Carolina offer special financing for doctors, just like you.

First off, let’s talk about why physician mortgage loans even exist. The main 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 secure early career doctors by loaning them more money with a fewer number of requirements than their competitors.

Physician Home Mortgage Experts In Rock Hill South Carolina

If you are looking for a physician loan in Rock Hill South Carolina then you came to the perfect place.

You’ve trained 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 just for doctors?

Yup, doctors get their own home loan!

A physician mortgage is a customized loan program created just for doctors in the home purchasing process.

We are aware of the financial demands of your student loan liability, and how crucial it is to maintain 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 home loan that is specially tailored for your needs.

Quite a few physicians in Rock Hill South Carolina 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 financial institutions know that doctors are a good choice considering that they generally have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

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

Benefits of Physician Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

What if you have some cash to put down or are considering delaying until you have the cash?

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

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

Furthermore, don’t forget that having equity in your home will definitely offer greater security and flexibility, particularly if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the house.

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

Doctors, get the home of your dreams with our Rock Hill South Carolina physician home loan program!

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

  • Physician Mortgage In Enid Oklahoma
  • Physician Loan In Mobile Alabama
  • Physician Loan New Hampshire
  • Physician Home Loan Mansfield Ohio
  • Physician Mortgage Cary North Carolina
  • Physician Home Loan Lafayette Louisiana
  • Physician Home Loan Program Brownsville Texas
  • Physician Mortgage In Bowie Maryland
  • Physician Home Loan Program In Hartford Connecticut
  • Physician Home Loan Miramar Florida