Physician Loan South Carolina

Regardless of whether our clients are a first time home buyer or buying a new home in South Carolina, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to secure your physician home mortgage with efficiency and expertise.

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

First, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable customers for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to lock in early career doctors by loaning them more money with fewer requirements than their competitions.

Physician Mortgage Experts In South Carolina

If you are trying to find a physician mortgage loan in South Carolina then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t be nearly as difficult.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan only for doctors?

Yup, doctors get their own home loan!

A physician loan is a specialized loan program created just for physicians in the home buying process.

We understand the financial demands of your student loan financial debt, and how vital it is to maintain working capital for when the time is right with embarking upon your career. Whether you are a couple years into practice, or a well established physician, you can count on us to find a home loan that is exclusively tailored for your needs.

A large number of physicians in 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 factors smart loan providers know that doctors are a good choice considering that they historically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banks that do simply speaking with the right home loan officer makes a tremendous difference.

Advantages of Physician Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Typically requires low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Typically will approve a contract as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

Suppose you have some funds to put down or are considering delaying until you have the money?

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

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

Additionally, don’t overlook that having equity in your house will likely offer greater security and overall flexibility, especially if something unanticipated happens. With the 100% financed physician mortgage loan, you should anticipate to begin 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 up to 10% of the purchase price just to get out of the house.

Regardless of whether you are relocating down the road, across town or across the country, we are available to work with you all throughout the physician home loan process:: because you deserve it!

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

Top cities in South Carolina for a physician loan.

Charleston
Columbia
Florence
Goose Creek
Greenville
Hilton Head Island
Mount Pleasant
North Charleston
Rock Hill
Spartanburg
Summerville
Sumter