Physician Home Loan Program Rocky Mount North Carolina

Whether or not you are a first time home buyer or purchasing a new home in Rocky Mount North Carolina, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to close your physician loan with competency and know-how.

Our loan officers in Rocky Mount North Carolina 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 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 terms than their competition.

Physician Home Loan Experts In Rocky Mount North Carolina

If you are searching for a physician loan in Rocky Mount North Carolina 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 just for doctors?

Yup, doctors get their own mortgage!

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

We are aware of the economic demands of your student loan financial debt, and how crucial 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 physicians in Rocky Mount North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

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

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

Advantages of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low 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 accept an agreement as proof of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

Buying a home doesn’t have to empty 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 looking at waiting until you have the cash?

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

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

Furthermore, don’t overlook that having equity in your house will likely offer more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed physician home mortgage loan, you ought to anticipate to start out underwater. If something does not 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.

Regardless of whether you are moving down the road, across town or across the country, we are available to help you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Rocky Mount North Carolina 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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