Physician Home Loan Program In Sumter South Carolina

Regardless of whether our clients are a first time home buyer or buying a new home in Sumter South Carolina, our vetted loan officers have a solid understanding of the local area real estate industry and what it takes to close your physician home mortgage with efficiency and know-how.

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

First, let’s talk about why physician mortgage loans even exist. The reason is that doctors are extremely profitable customers for lenders. 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 loaning them more money with far fewer stipulations than their competitions.

Physician Home Loan Experts In Sumter South Carolina

If you are looking for a physician home loan in Sumter South Carolina 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 specifically for doctors?

Yup, doctors get their own home loan!

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

We are aware of the personal financial demands of your student loan liability, and how important it is to preserve working capital for when the time is right with starting 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 specially tailored for your needs.

A lot of physicians in Sumter South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

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

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

Advantages of Physician Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve a contract as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

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

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

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

Furthermore, don’t forget that having equity in your home will provide more security and overall flexibility, specifically if something unforeseen happens. With the 100% financed physician home mortgage loan, you should expect to start out underwater. If something does not work out and you’re forced to sell quickly, you need to 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 road, across town or across the country, we are available to lend a hand you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Sumter South Carolina 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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