Physician home loans are specialized mortgages designed for medical professionals, offering more favorable terms. These loans help overcome the challenge of securing a home loan with substantial student debt.
Physician home loans are specialized mortgages designed for medical professionals, offering more favorable terms. These loans help overcome the challenge of securing a home loan with substantial student debt. Unlike traditional loans, physician mortgages exclude student loan debt from the qualification process, increasing buying power and potentially lowering monthly payments. These loans are available to doctors and other healthcare practitioners, making homeownership more accessible for those with a significant education investment.
Physician home loans are specialized mortgages designed for medical professionals, offering more favorable terms. These loans help overcome the challenge of securing a home loan with substantial student debt. Unlike traditional loans, physician mortgages exclude student loan debt from the qualification process, increasing buying power and potentially lowering monthly payments. These loans are available to doctors and other healthcare practitioners, making homeownership more accessible for those with a significant education investment.
Physician home loans are designed specifically for medical professionals, offering more favorable terms to make homeownership achievable. These loans typically exclude student loan debt from the qualification process, allowing you to qualify for a higher loan amount. Additionally, physician loans often require little to no down payment and don’t include PMI, saving you money each month. These special programs are available to a wide range of healthcare practitioners, including doctors, dentists, physician assistants, and more, making homeownership easier and more accessible.
Physician home loans are designed specifically for medical professionals, offering more favorable terms to make homeownership achievable. These loans typically exclude student loan debt from the qualification process, allowing you to qualify for a higher loan amount. Additionally, physician loans often require little to no down payment and don’t include PMI, saving you money each month. These special programs are available to a wide range of healthcare practitioners, including doctors, dentists, physician assistants, and more, making homeownership easier and more accessible.
Private Mortgage Insurance is a third party insurance that is enforced on a home loan if the buyer does NOT have at least 20% down payment. The insurance is enforced to protect the bank/lender in case the buyer defaults on the mortgage. Most physician loan programs DO NOT require this insurance to purchase a home.
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Depending on lender and final mortgage product needed, 680-720 is generally the lowest score range needed to qualify. This includes 100% financing in some cases.
Yes! We have the ability to help you move in to a new home up to 90-days PRIOR to start date. This will depend on asset and credit qualification, so we do highly suggest we connect you with a mortgage professional sooner in the home search process. We have helped orchestrate successful pre-qualifications/pre-approvals by introducing physicians to a mortgage professional 6-12 months prior to employment start dates.
They can! If your next stop is residency or fellowship, we can ignore your deferred student loan payments. This includes Forbearance as well (depending on lender). By ignoring these future payments, we can help you qualify for a new home.
No. Leaning on us to help you find the perfect match for your real estate needs does not cost you anything. We work closely with our real estate partners to ensure superior service and product offerings to our clients.
Please do! We are only as good as our customer service and real estate professional network, and if you feel we are worthy enough of being referred to a close colleague or friend in the health care industry (does not have to be a Physician or Dentist), we can help. Our network of real estate agents and mortgage loan professionals also have experience in working with medical professionals.
It’s completely understandable! Navigating the world of home loans can feel overwhelming. But don’t worry—it’s not as complicated as it may seem. You don’t need a finance degree to secure the right loan. Let us guide you through the process and help you understand your options for a stress-free experience.
© 2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. *
© 2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. *
© 2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. *
