Physician Home Loan Wilkes Barre Pennsylvania

Preferred Physician Loan Officer

Doug Adamson
NMLS# 659355
Mobile: (434) 760-2193
Email: dadamson@fultonmortgagecompany.com
Website: www.fultonmortgagecompany.com/dougadamson

  • 100% LTV to $1.5 million
  • Fixed-rate and 5/1, 7/1, 10/1 and 15/1 fixed-term ARM options available
  • No mortgage insurance
  • 700 minimum credit score
  • Student loan payments deferred for 12 months or longer excluded from qualifying debt
  • Physicians, Dentists, Pharmacists, Podiatrists, Ophthalmologists, Veterinarians eligible
  • Gift funds allowed from immediate family members
  • No limit on years out of training for relocating doctors

Doug Adamson has specialized in lending to doctors since the doctor loan program was invented over 20 years ago. As a Certified Mortgage Planner®, Doug is uniquely equipped to help you integrate your mortgage plan with your overall wealth-building strategy. With Doug, you will entrust your financial future with a specialist able to help you choose financing that not only saves you tens of thousands of dollars over the life of the loan, but helps you manage your debt and equity strategically. My team and I look forward to working with you to more quickly fulfill all of your financial dreams.

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

Regardless of whether our clients are a first time home buyer or buying a new home in Wilkes Barre Pennsylvania, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to close your physician home mortgage with proficiency and know-how.

Our loan officers in Wilkes Barre Pennsylvania provide specialized financing for doctors, like you.

First and foremost, let’s talk about why physician mortgage loans even exist. The reason is that doctors are really profitable customers for financial 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 a lot fewer terms than their competitors.

Physician Loan Experts In Wilkes Barre Pennsylvania

If you are looking for a physician home loan in Wilkes Barre Pennsylvania 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 doctors to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own loan!

A physician home mortgage is a special loan program developed just for doctors in the home purchasing process.

We understand the budgetary demands of your student loan financial debt, and how essential it is to maintain 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 doctor, you can depend on us to find a mortgage loan that is specifically tailored for your needs.

Quite a few physicians in Wilkes Barre Pennsylvania may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these reasons smart lenders know that doctors are a good bet due to the fact that they generally have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banking institutions that do just simply consulting with the right home loan officer makes a significant difference.

Benefits of Physician Home 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).
  • Generally does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve a contract as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a house 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 thinking about delaying until you have the money?

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 earlier and save thousands of dollars on interest rates too.

Furthermore, don’t forget that having equity in your home will provide greater security and overall flexibility, particularly if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to anticipate to start out under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

Whether you are relocating down the road, across town or across the country, we are right here to help you all throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Wilkes Barre Pennsylvania physician home loan program!

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