Physician Home Loan West Des Moines Iowa

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.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Whether you are a first time home buyer or buying a new home in West Des Moines Iowa, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to secure your physician home loan with efficiency and expertise.

Our loan officers in West Des Moines Iowa offer specialized financing for doctors, like you.

First off, let’s talk about why physician mortgage loans even exist. The reason is that doctors are very 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 requirements than their competitions.

Physician Mortgage Experts In West Des Moines Iowa

If you are searching for a physician mortgage in West Des Moines Iowa then you came to the perfect place.

You’ve trained very hard to become a doctor and buying 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 specifically for doctors?

Yup, doctors get their own home loan!

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

We are aware of the budgetary demands of your student loan liability, and how essential it is to preserve working capital for when the time is right with starting your career. Whether you are a couple years into practice, or a well established doctor, you can depend on us to find a home loan that is specially tailored for your needs.

Quite a few physicians in West Des Moines Iowa may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these factors smart lenders know that doctors are a good choice due to the fact that they historically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply talking with the right mortgage officer makes an enormous difference.

Advantages of Physician Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a house doesn’t need to drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

Suppose you have some cash to put down or are looking at delaying until you have the funds?

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 circumstances, you’ll get your mortgage loan paid off sooner and save thousands of dollars on interest too.

Furthermore, don’t overlook that having equity in your home will most likely provide more security and flexibility, particularly if something unexpected 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 need to be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.

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

Doctors, get the home of your dreams with our West Des Moines Iowa physician home loan program!

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

  • Home Mortgage For Physicians In St Clair Shores Michigan
  • Physician Home Loan Weymouth Town Massachusetts
  • Physician Loan In Northglenn Colorado
  • Physician Home Loan Program In West Palm Beach Florida
  • Physician Loan In Iowa City Iowa
  • Home Mortgage For Physician Lansing Michigan
  • Physician Home Loan Burnsville Minnesota
  • Home Mortgage For Physicians In Blaine Minnesota
  • Home Mortgage For Physicians In Beaverton Oregon
  • Physician Loan In Alexandria Virginia