Physician Home Loan Program In Eau Claire Wisconsin

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 our clients are a first time home buyer or buying a new home in Eau Claire Wisconsin, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to close your physician home mortgage with efficiency and know-how.

Our loan officers in Eau Claire Wisconsin provide specialized financing for doctors, just like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable customers 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 lending them more money with a fewer number of stipulations than their competitors.

Physician Mortgage Experts In Eau Claire Wisconsin

If you are looking for a physician loan in Eau Claire Wisconsin 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 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 loan!

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

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

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

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

Not all lenders offer this specialized product and within banking institutions that do simply speaking with the right home loan officer makes a remarkable difference.

Advantages of Physician Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, instead 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 money to put down or are considering waiting until you have the funds?

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

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

Furthermore, don’t overlook that having equity in your home will definitely offer greater security and overall flexibility, specifically if something unexpected happens. With the 100% financed physician mortgage loan, you ought to anticipate to start out under water. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the home.

Whether you’re relocating down the street, across town or across the country, we are available to lend a hand you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Eau Claire Wisconsin physician home loan program!

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