Physician Home Loan Miramar Florida

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.

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

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Regardless if our clients are a first time home buyer or buying a new home in Miramar Florida, our vetted loan officers have a strong understanding of the local real estate market and what it takes to secure your physician home mortgage with competency and expertise.

Our loan officers in Miramar Florida offer special financing for doctors, exactly like you.

First, let’s discuss why physician mortgage loans even exist. The reason is that doctors are very profitable clients 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 loaning them more money with fewer stipulations than their competitions.

Physician Loan Experts In Miramar Florida

If you are searching for a physician home loan in Miramar Florida then you came to the right place.

You’ve trained very hard to become a doctor and buying home really should not 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 home loan!

A physician home mortgage is a specialized loan program made just for doctors in the home buying process.

We recognize the personal financial demands of your student loan financial debt, and how vital it is to preserve working capital for when the time is right with launching 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 exclusively tailored for your needs.

Quite a few physicians in Miramar Florida 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 factors smart lenders know that doctors are a good bet due to the fact that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

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

Advantages of Physician Home Loans

Typically does not include student loan monthly payments in debt-to-income ratio.
Requires small to no down payment (0-5 percent).
Generally does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
Will approve an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, which 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 cash to put down or are considering waiting until you have the money?

Our loan providers can do the math for you and show you what each situation looks like and the benefits of each too.

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

Additionally, don’t overlook that having equity in your house will definitely offer greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the house.

Regardless of whether you are relocating down the street, across town or across the country, we are here to help you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Miramar Florida physician loan program!