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At Berkshire Hathaway HomeServices, our goal is to make your home-buying experience stress-free and seamless. We’re here to answer your questions with honesty, transparency, and professionalism.

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Address

38029, Third Street, Suite B, Cleveland, Ohio, 44094

Frequently Asked Questions

What is Private Mortgage Insurance (PMI)?

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.

How much can I afford in a new home?

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

What is the minimum score needed to qualify for a Physician Loan?
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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.

Can I move in to a new home BEFORE I start my future employment?
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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.
Can my student loan payments be ignored for qualification?
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.
Does utilizing Physician Loans USA's services cost me anything?
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.
Can we refer Physician Loan USA to ANY medical professional?

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.