Home Mortgage For Physician Haverhill Massachusetts

Regardless if you are a first time home buyer or buying a new home in Haverhill Massachusetts, 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 competency and know-how.

Our loan officers in Haverhill Massachusetts offer exclusive financing for doctors, like you.

To start with, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really 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 far fewer requirements than their competitors.

Physician Home Mortgage Experts In Haverhill Massachusetts

If you are looking for a physician home loan in Haverhill Massachusetts then you came to the perfect place.

You’ve worked very hard to become a doctor and purchasing 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 mortgage!

A physician mortgage is a specialty loan program put together just for doctors in the home buying process.

We are aware of the financial demands of your student loan financial debt, 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 rely on us to find a mortgage loan that is specially tailored for your needs.

Quite a few physicians in Haverhill Massachusetts may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or very little to no work history.

Despite these reasons smart lending institutions know that doctors are a good bet because they generally have an exceptionally low nonpayment 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 to the right mortgage loan officer makes a significant difference.

Advantages of Physician Home 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 call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

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

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 home mortgage paid off earlier and save thousands on interest too.

Furthermore, don’t overlook that having equity in your house will definitely offer greater security and flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect to begin underwater. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the house.

Whether you’re relocating down the street, across town or across the country, we are available to work with you through the physician home mortgage process:: because you deserve it!

Doctors, get the house of your dreams with our Haverhill Massachusetts physician loan program!

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

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