Physician Home Loan Program In Indianapolis Indiana

Benefits of a Physician Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
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Whether or not you are a first time home buyer or purchasing a new home in Indianapolis Indiana, our vetted loan officers have a strong understanding of the local real estate market and what it requires to secure your physician mortgage with competency and expertise.

Our loan officers in Indianapolis Indiana offer specialized financing for doctors, just like you.

To start with, let’s talk about why physician mortgage loans even exist. The 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 lock in early career doctors by loaning them more money with a fewer number of stipulations than their competitors.

Physician Home Mortgage Experts In Indianapolis Indiana

If you are looking for a physician mortgage in Indianapolis Indiana then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t 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 just for doctors?

Yup, doctors get their own home loan!

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

We are aware of the financial demands of your student loan debt, and how important it is to maintain working capital for when the time is right with launching your career. No matter 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 exclusively tailored for your needs.

Quite a few physicians in Indianapolis Indiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or minimal to no work history.

Despite these reasons smart financial 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 financial institutions offer this specialized product and within banks that do just simply speaking with the right mortgage officer makes a tremendous difference.

Benefits of Physician Home Mortgage Loans

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

Buying a house doesn’t need to drain 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 looking at delaying until you have the money?

Our lenders can do the math for you and show you what each circumstance looks like and the advantages of each too.

In most circumstances, you’ll get your mortgage paid off earlier and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your home will most likely provide more security and flexibility, specifically if something unplanned happens. With the 100% financed physician home mortgage loan, you should expect to start out under water. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the house.

Whether you’re relocating down the road, across town or across the country, we are available to assist you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Indianapolis Indiana physician home loan program!

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

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