Physician Mortgage In Madison 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 you are a first time home buyer or buying a new home in Madison Wisconsin, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to close your physician mortgage with efficiency and expertise.

Our loan officers in Madison Wisconsin offer specialized financing for doctors, exactly like you.

First, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are extremely 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 lock in early career doctors by loaning them more money with fewer stipulations than their competitors.

Physician Home Mortgage Experts In Madison Wisconsin

If you are looking for a physician home loan in Madison Wisconsin then you came to the right place.

You’ve trained very hard to become a doctor and purchasing 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 only for doctors?

Yup, doctors get their own mortgage!

A physician loan is a customized loan program designed just for doctors in the home buying process.

We recognize the budgetary demands of your student loan financial obligation, and how essential 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 count on us to find a home loan that is specifically tailored for your needs.

A lot of physicians in Madison Wisconsin may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or very little to no work history.

Despite these reasons smart lenders know that doctors are a good choice due to the fact that they generally have an extremely low default rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banks that do just simply speaking to the best mortgage loan officer makes an enormous difference.

Advantages of Physician Home Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires 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 a contract as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a house doesn’t have to empty 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 benefits of each too.

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

Furthermore, don’t overlook that having equity in your house will definitely offer more security and flexibility, particularly if something unanticipated happens. With the 100% financed physician home mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the house.

No matter if you are relocating down the road, across town or across the country, we are available to help you throughout the physician home loan process:: because you deserve it!

Doctors, get the home of your dreams with our Madison Wisconsin physician home mortgage program!

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

  • Physician Home Loan Council Bluffs Iowa
  • Physician Home Loan Troy New York
  • Home Mortgage For Physicians In Bayonne New Jersey
  • Home Mortgage For Physician Albany New York
  • Physician Home Loan Program Lowell Massachusetts
  • Home Mortgage For Physician El Paso Texas
  • Physician Home Loan Weymouth Town Massachusetts
  • Physician Home Loan Program In Tacoma Washington
  • Physician Loan Ohio
  • Home Mortgage For Physician Hilton Head Island South Carolina