Whether or not you are a first time home buyer or buying a new home in Skokie Illinois, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to close your physician mortgage with proficiency and expertise.
Our loan officers in Skokie Illinois offer specialized financing for doctors, like you.
First off, let’s talk about why physician mortgage loans even exist. The reason is that doctors are really profitable customers for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to lock in early career doctors by lending them more money with a lot fewer requirements than their competitions.
If you are trying to find a physician mortgage in Skokie Illinois 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 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 loan!
A physician mortgage is a specialized loan program put together just for doctors in the home buying process.
We recognize the budgetary demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with starting your career. Regardless if 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 Skokie Illinois may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.
Despite these reasons smart financial institutions know that doctors are a good bet considering that they typically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.
Not all lenders offer this specialized product and within banking institutions that do just simply talking with the right mortgage officer makes a remarkable difference.
Buying a home doesn’t have to empty your savings and the process doesn’t need to drain your time.
What if you have some money to put down or are thinking about delaying until you have the money?
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 mortgage paid off earlier and save thousands on interest too.
Additionally, don’t overlook that having equity in your home will likely offer greater security and flexibility, especially if something unforeseen 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 large check for as much as 10% of the purchase price just to get out of the home.
Regardless of whether you’re moving down the street, across town or across the country, we are right here to lend a hand you all throughout the physician home mortgage process:: because you deserve it!
Doctors, get the house of your dreams with our Skokie Illinois physician home loan program!
Less than an hour ago, doctors just like you requested a loan from the locations listed below.