Physician Mortgage In San Jose California

Preferred Physician Loan Officer

Carmen Mayell
NMLS# 779831
Mobile: (949) 257-2502
Email: carmen.mayell@flagstar.com
LinkedIn: www.linkedin.com/in/ccmayell
Instagram: #bocabanker

  • Providing specialized home loans for Medical and Dental Professionals and Specialists.
  • Loan amounts to $1.5MM / Little to no down payment options / No mortgage insurance
  • Able to serve clients in All 50 States! Questions answered without obligation.
Get Your Physician Loan Rates Now by Completing the Form Below.

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

Our loan officers in San Jose California offer exclusive financing for doctors, like you.

First off, 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 terms than their competitors.

Physician Home Loan Experts In San Jose California

If you are looking for a physician home loan in San Jose California then you came to the perfect place.

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

We understand the financial demands of your student loan debt, and how important it is to maintain working capital for when the time is right with launching your career. No matter if you are a couple years into practice, or a well established doctor, you can count on us to find a home loan that is specially tailored for your needs.

Quite a few physicians in San Jose California 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 factors smart lending institutions know that doctors are a good bet due to the fact that they typically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply talking to the right home loan officer makes an enormous difference.

Advantages of Physician Home Loans

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

Buying a house doesn’t need 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 thinking about delaying until you have the cash?

Our mortgage 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 home mortgage paid off earlier and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your home will provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed physician home mortgage loan, you should expect to start out under water. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

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

Doctors, get the house of your dreams with our San Jose California physician home loan program!

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