Physician Home Loan Program In State College Pennsylvania

Preferred Physician Loan Officer

Doug Adamson
NMLS# 659355
Mobile: (434) 760-2193
Email: dadamson@fultonmortgagecompany.com
Website: www.fultonmortgagecompany.com/dougadamson

  • 100% LTV to $1.5 million
  • Fixed-rate and 5/1, 7/1, 10/1 and 15/1 fixed-term ARM options available
  • No mortgage insurance
  • 700 minimum credit score
  • Student loan payments deferred for 12 months or longer excluded from qualifying debt
  • Physicians, Dentists, Pharmacists, Podiatrists, Ophthalmologists, Veterinarians eligible
  • Gift funds allowed from immediate family members
  • No limit on years out of training for relocating doctors

Doug Adamson has specialized in lending to doctors since the doctor loan program was invented over 20 years ago. As a Certified Mortgage Planner®, Doug is uniquely equipped to help you integrate your mortgage plan with your overall wealth-building strategy. With Doug, you will entrust your financial future with a specialist able to help you choose financing that not only saves you tens of thousands of dollars over the life of the loan, but helps you manage your debt and equity strategically. My team and I look forward to working with you to more quickly fulfill all of your financial dreams.

Get Your Physician Loan Rates Now by Completing the Form Below.

Whether or not our clients are a first time home buyer or buying a new home in State College Pennsylvania, our vetted loan officers have a solid understanding of the local real estate market and what it requires to secure your physician home mortgage with efficiency and know-how.

Our loan officers in State College Pennsylvania provide special financing for doctors, like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The reason is that doctors are extremely profitable customers 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 requirements than their competitions.

Physician Home Loan Experts In State College Pennsylvania

If you are looking for a physician home loan in State College Pennsylvania then you came to the right 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 specifically for doctors?

Yup, doctors get their own loan!

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

We recognize the personal financial demands of your student loan liability, and how important 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 mortgage loan that is specifically tailored for your needs.

A large number of doctors in State College Pennsylvania may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these factors smart loan providers know that doctors are a good choice considering that they generally have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

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

Benefits of Physician Home Loans

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

What if you have some cash to put down or are thinking about waiting until you have the money?

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

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

Additionally, don’t forget that having equity in your house will offer greater security and flexibility, especially if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to expect to begin underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the house.

No matter if you are relocating down the road, across town or across the country, we are here to assist you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our State College Pennsylvania physician loan program!

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