Physician Home Loan Weymouth Town Massachusetts

Whether or not our clients are a first time home buyer or purchasing a new home in Weymouth Town Massachusetts, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to secure your physician home mortgage with competency and expertise.

Our loan officers in Weymouth Town Massachusetts offer specialized financing for doctors, just like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are extremely profitable clients for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use physician home loans to secure early career doctors by lending them more money with far fewer stipulations than their competitors.

Physician Home Mortgage Experts In Weymouth Town Massachusetts

If you are looking for a physician loan in Weymouth Town Massachusetts then you came to the perfect place.

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

Yup, doctors get their own loan!

A physician home loan is a specialty loan program created just for doctors in the home buying process.

We are aware of the financial demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with starting your career. Whether you are a couple years into practice, or a well established doctor, you can depend on us to find a mortgage loan that is specifically tailored for your needs.

Many doctors in Weymouth Town Massachusetts 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 reasons smart lending institutions know that doctors are a good bet because they generally have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banks that do simply talking with the best home loan officer makes a remarkable difference.

Advantages of Physician Mortgage Loans

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

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

Should You Put Cash Down?

What if you have some cash to put down or are looking at waiting until you have the money?

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 situations, 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 likely offer greater security and flexibility, particularly if something unexpected happens. With the 100% financed physician mortgage loan, you should expect to start out under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the home.

Whether you’re moving down the street, across town or across the country, we are right here to work with you through the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Weymouth Town Massachusetts physician loan program!

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

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