Home Mortgage For Physicians In Springfield Massachusetts

Regardless if you are a first time home buyer or purchasing a new home in Springfield Massachusetts, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to close your physician home loan with competency and expertise.

Our loan officers in Springfield Massachusetts provide exclusive financing for doctors, just like you.

To start with, let’s discuss why physician mortgage loans even exist. The reason is that doctors are really 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 loaning them more money with far fewer terms than their competitors.

Physician Home Loan Experts In Springfield Massachusetts

If you are trying to find a physician loan in Springfield Massachusetts then you came to the right place.

You’ve trained very hard to become a doctor and buying 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 specifically for doctors?

Yup, doctors get their own mortgage!

A physician loan is a customized loan program made just for doctors in the home buying process.

We recognize the financial demands of your student loan debt, and how crucial it is to preserve working capital for when the time is right with embarking upon 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 specifically tailored for your needs.

Quite a few physicians in Springfield Massachusetts may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these factors smart financial institutions know that doctors are a good choice considering that they typically have an exceptionally 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 simply speaking with the right mortgage officer makes a significant difference.

Benefits of Physician Home Loans

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

Purchasing a home doesn’t have to empty your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

Suppose you have some money to put down or are thinking about waiting until you have the funds?

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 mortgage loan paid off sooner and save thousands of dollars on interest too.

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

Whether you’re relocating down the street, across town or across the country, we are here to lend a hand you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Springfield Massachusetts physician home mortgage program!

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

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