Home Mortgage For Physician Green Bay 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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Regardless of whether you are a first time home buyer or purchasing a new home in Green Bay Wisconsin, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to secure your physician mortgage with proficiency and expertise.

Our loan officers in Green Bay Wisconsin offer exclusive financing for doctors, like you.

First off, let’s discuss why physician mortgage loans even exist. The reason is that doctors are really profitable clients for lenders. 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 terms than their competitions.

Physician Home Mortgage Experts In Green Bay Wisconsin

If you are searching for a physician loan in Green Bay Wisconsin then you came to the perfect place.

You’ve worked 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 loan!

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

We understand the financial demands of your student loan liability, and how important it is to maintain 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 specifically tailored for your needs.

Quite a few physicians in Green Bay Wisconsin may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

Despite these reasons smart lending institutions know that doctors are a good choice considering that they historically have an extremely low default rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply speaking with the best mortgage officer makes a remarkable 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).
  • Usually does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

What if you have some cash to put down or are thinking about delaying until you have the funds?

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

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

Additionally, don’t forget that having equity in your house will definitely provide greater security and flexibility, particularly if something unforeseen happens. With the 100% financed physician mortgage loan, you ought to anticipate to start out underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the house.

No matter if you are relocating down the road, across town or across the country, we are right here to lend a hand you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Green Bay Wisconsin physician home mortgage program!

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

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