Physician Mortgage In Mesquite Texas

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 if our clients are a first time home buyer or purchasing a new home in Mesquite Texas, our vetted loan officers have a solid understanding of the local real estate industry and what it really requires to close your physician home loan with proficiency and know-how.

Our loan officers in Mesquite Texas provide special financing for doctors, just like you.

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

Physician Home Mortgage Experts In Mesquite Texas

If you are trying to find a physician loan in Mesquite Texas then you came to the perfect place.

You’ve worked very hard to become a doctor and buying home shouldn’t 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 specifically for doctors?

Yup, doctors get their own mortgage!

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

We recognize the economic demands of your student loan liability, and how essential it is to preserve 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 home loan that is specially tailored for your needs.

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

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

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

Advantages of Physician Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Generally does not require 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 have to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

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

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

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

Additionally, don’t forget that having equity in your home will most likely provide more security and flexibility, particularly if something unforeseen happens. With the 100% financed physician home mortgage loan, you should 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 house.

Whether you are relocating down the street, across town or across the country, we are right here to assist you through the physician home loan process:: because you deserve it!

Doctors, get the house of your dreams with our Mesquite Texas 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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