Physician Loan Utah

Whether our clients are a first time home buyer or purchasing a new home in Utah, our vetted loan officers have a strong understanding of the local real estate market and what it takes to close your physician home mortgage with proficiency and expertise.

Our loan officers in Utah provide special financing for doctors, like you.

To start with, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are extremely profitable customers for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to lock in early career doctors by lending them more money with a lot fewer terms than their competitors.

Physician Home Loan Professionals In Utah

If you are trying to find a physician mortgage loan in Utah then you came to the perfect place.

You’ve worked very hard to become a doctor and buying home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own mortgage!

A physician home loan is a customized loan program made just for physicians in the home purchasing process.

We understand the budgetary demands of your student loan debt, and how vital 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 physician, you can depend on us to find a home loan that is specially tailored for your needs.

Many physicians in Utah may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

Despite these factors smart loan providers know that doctors are a good bet because they typically have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do simply speaking with the best mortgage loan officer makes a tremendous difference.

Benefits of Physician Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Usually requires small to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Usually will approve an agreement as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a home 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 funds to put down or are looking at delaying until you have the cash?

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

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

Furthermore, don’t overlook that having equity in your home will definitely offer greater security and flexibility, especially if something unexpected happens. With the 100% financed physician home mortgage loan, you should anticipate to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

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

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

Top cities in Utah for a physician loan.