Home Mortgage For Physician Tinley Park Illinois

Regardless of whether our clients are a first time home buyer or purchasing a new home in Tinley Park Illinois, our vetted loan officers have a strong understanding of the local real estate industry and what it really requires to close your physician home mortgage with competency and expertise.

Our loan officers in Tinley Park Illinois offer specialized financing for doctors, like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The reason is that doctors are really 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 a fewer number of stipulations than their competition.

Physician Home Mortgage Experts In Tinley Park Illinois

If you are trying to find a physician loan in Tinley Park Illinois then you came to the right place.

You’ve worked 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 mortgage!

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 financial debt, and how vital it is to preserve 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 doctor, you can count on us to find a home loan that is exclusively tailored for your needs.

A lot of physicians in Tinley Park Illinois may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these reasons smart lending institutions know that doctors are a good bet considering that they historically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do simply speaking to the right mortgage officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

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

Buying a house doesn’t need to empty your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your home will likely offer greater security and flexibility, particularly if something unforeseen happens. With the 100% financed physician mortgage loan, you should expect to begin underwater. If something doesn’t 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 just to get out of the home.

Whether you’re moving down the road, across town or across the country, we are right here to assist you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Tinley Park Illinois 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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