Physician Loan Vermont

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

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

First off, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are very profitable customers for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by lending them more money with a fewer number of terms than their competition.

Physician Home Loan Professionals In Vermont

If you are looking for a physician home loan in Vermont then you came to the right place.

You’ve trained very hard to become a doctor and buying home should not 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 only for doctors?

Yup, doctors get their own mortgage!

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

We recognize the financial demands of your student loan financial obligation, and how essential it is to preserve working capital for when the time is right with starting your career. Whether or not you are a couple years into practice, or a well established physician, you can count on us to find a home loan that is specially tailored for your needs.

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

Despite these factors smart lenders know that doctors are a good choice considering that they historically have an exceptionally low default rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply speaking to the best mortgage loan officer makes a remarkable difference.

Benefits of Physician Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Usually requires low to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Typically will accept an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

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

Our loan providers 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 mortgage loan paid off earlier and save thousands on interest too.

Additionally, don’t forget that having equity in your house will likely provide greater security and overall flexibility, particularly if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect to begin under water. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.

No matter if you are moving down the street, across town or across the country, we are here to help you throughout the physician home mortgage process:: because you deserve it!

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

Top cities in Vermont for a physician loan.