Physician Loan Washington

Whether or not our clients are a first time home buyer or buying a new home in Washington, our vetted loan officers have a strong understanding of the local real estate industry and what it really takes to close your physician mortgage with competency and expertise.

Our loan officers in Washington offer specialized financing for doctors, exactly like you.

First, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable clients for financial institutions. 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 loaning them more money with fewer stipulations than their competitors.

Physician Mortgage Experts In Washington

If you are looking for a physician mortgage loan in Washington then you came to the perfect place.

You’ve worked 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 loan!

A physician home loan is a special loan program designed just for physicians in the home buying process.

We understand the personal financial demands of your student loan debt, and how essential it is to preserve working capital for when the time is right with embarking upon your career. Regardless if you are a couple years into practice, or a well established physician, you can rely on us to find a home loan that is specially tailored for your needs.

A lot of doctors in Washington may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or 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 lenders offer this specialized product and within banks that do just simply consulting with the best home loan officer makes a significant difference.

Benefits of Physician Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Usually requires very low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Usually will accept a contract as proof of future earnings, instead of pay stubs or W-2s, which 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 funds to put down or are considering delaying until you have the money?

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

In most circumstances, 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 most likely provide greater security and overall flexibility, especially if something unplanned happens. With the 100% financed physician home mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the house.

No matter if you’re moving down the street, across town or across the country, we are right here to assist you all throughout the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Washington physician home mortgage program!

Top cities in Washington for a physician loan.

Auburn
Bellevue
Bellingham
Everett
Federal Way
Kennewick
Kent
Kirkland
Lakewood
Marysville
Pasco
Redmond
Renton
Richland
Sammamish
Seattle
Shoreline
Spokane
Spokane Valley
Tacoma
Vancouver
Yakima