Physician Home Loan Program In Tuscaloosa Alabama

Regardless of whether our clients are a first time home buyer or buying a new home in Tuscaloosa Alabama, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to close your physician home loan with proficiency and expertise.

Our loan officers in al geo provide specialized financing for doctors, like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The main 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 lock in early career doctors by lending them more money with a lot fewer terms than their competitions.

Physician Home Mortgage Experts In Tuscaloosa Alabama

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

You’ve worked 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 mortgage is a customized loan program designed just for doctors in the home buying process.

We understand the economic demands of your student loan liability, and how essential 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 rely on us to find a home loan that is specially tailored for your needs.

A large number of doctors in Tuscaloosa Alabama may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these reasons smart lending institutions know that doctors are a good bet due to the fact that they generally have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply consulting with the best home loan officer makes an enormous difference.

Benefits of Physician Home Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, instead of pay stubs or W-2s, which 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?

Suppose you have some cash to put down or are considering delaying until you have the funds?

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

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

Additionally, don’t forget that having equity in your house will definitely provide more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed physician home mortgage loan, you should 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 big check for up to 10% of the purchase price just to get out of the home.

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

Doctors, get the house of your dreams with our Tuscaloosa Alabama physician loan program!

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

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