Physician Home Loan Program Suffolk Virginia

Regardless if our clients are a first time home buyer or buying a new home in Suffolk Virginia, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to secure your physician mortgage with proficiency and know-how.

Our loan officers in Suffolk Virginia provide specialized financing for doctors, exactly like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The reason is that doctors are extremely profitable clients for lenders. 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 fewer requirements than their competitions.

Physician Home Mortgage Experts In Suffolk Virginia

If you are searching for a physician loan in Suffolk Virginia then you came to the right place.

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

Yup, doctors get their own mortgage!

A physician home loan is a specialized loan program developed just for doctors in the home buying process.

We are aware of the budgetary demands of your student loan financial obligation, and how crucial it is to maintain working capital for when the time is right with launching 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 specially tailored for your needs.

Many doctors in Suffolk Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these reasons smart financial institutions know that doctors are a good bet due to the fact that they traditionally have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

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

Benefits of Physician Home Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even when 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 Cash Down?

What if you have some funds to put down or are considering delaying until you have the funds?

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

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

Furthermore, don’t forget that having equity in your house will definitely offer more security and overall flexibility, specifically if something unexpected happens. With the 100% financed physician mortgage loan, you ought to 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 sizable check for up to 10% of the purchase price simply to get out of the house.

Regardless of whether you are moving down the street, across town or across the country, we are right here to lend a hand you throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Suffolk Virginia physician home loan program!

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

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