Physician Loan West Virginia

Preferred Physician Loan Officer

John Gilmore
NMLS# 264654
Mobile: (770) 378-0794
Email: john.gilmore@suntrust.com
Website: www.suntrust.com/john.gilmore

  • Designed to meet the unique financial needs of Licensed Residents, Interns, Fellows in MD, DO, and DPM programs and licensed Physicians and Dentists (MD, DO, DPM, DDS, DMD) who have graduated in the last ten years. (We also offer our Premier Mortgage program for doctors that are beyond the 10 year threshold. The Premier Mortgage offers jumbo financing up to 89.99% with zero mortgage insurance.)
  • No Mortgage Insurance regardless of the LTV
  • 100% financing – loan amounts up to $750,000 with zero down payment
  • 95% financing – loan amounts from $750,001 to $1,000,000 require a 5% down payment
  • 89.99% financing – loan amounts from $1,000,0001 to $1,500,000 require a 10.01% down payment
  • ZERO PMI EVEN WHEN THE LTV IS OVER 80%
  • Max Loan amount for Residents, Interns and Fellows is $750,000
  • Gifts/employer loans/seller contributions allowed depending on specific program availability and requirements

Find out more by contacting John Gilmore at john.gilmore@suntrust.com and/or 770-378-0794

More details and the online application is located at www.suntrust.com/john.gilmore

Since 2001 John Gilmore has helped thousands of people around the country achieve their goal of homeownership. Whether you are a first-time home buyer or refinancing an existing loan, he has a solid understanding of the local real estate market and what it takes to close your loan with efficiency and expertise. As a native West Virginian now living in Atlanta, John has a passion to help people that continue to live in the Mountain State achieve the American Dream!

Get Your Physician Loan Rates Now by Completing the Form Below.

Whether you are a first time home buyer or purchasing a new home in West Virginia, our vetted loan officers have a strong understanding of the local real estate industry and what it requires to close your physician mortgage with proficiency and know-how.

Our loan officers in West Virginia offer exclusive financing for doctors, like you.

First off, let’s talk about 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 lock in early career doctors by lending them more money with fewer requirements than their competition.

Physician Home Mortgage Professionals In West Virginia

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

You’ve trained 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 only for doctors?

Yup, doctors get their own mortgage!

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

We are aware of the economic demands of your student loan financial debt, and how crucial it is to maintain working capital for when the time is right with embarking upon your career. No matter if you are a couple years into practice, or a well established physician, you can rely on us to find a mortgage loan that is exclusively tailored for your needs.

A large number of physicians in West Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these factors smart loan providers know that doctors are a good bet considering that they historically have an incredibly low default rate on loans, high earning potential and secure jobs.

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

Advantages of Physician Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Usually requires low to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Generally will approve a contract as proof of future earnings, in lieu of pay stubs or W-2s, that 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 Cash Down?

Suppose you have some funds 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 situation 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 too.

Furthermore, don’t forget that having equity in your house will definitely offer more security and flexibility, particularly if something unplanned happens. With the 100% financed physician mortgage loan, you ought to anticipate to begin under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you are moving down the street, across town or across the country, we are here to assist you through the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our West Virginia physician home mortgage program!

Top cities in West Virginia for a physician loan.