Whether or not you are a first time home buyer or buying a new home in Springfield Illinois, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to close your physician mortgage with competency and expertise.
Our loan officers in Springfield Illinois 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 very 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 far fewer requirements than their competitors.
If you are trying to find a physician mortgage in Springfield Illinois then you came to the perfect place.
You’ve worked very hard to become a doctor and purchasing home shouldn’t 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 mortgage!
A physician home loan is a customized loan program created just for doctors in the home purchasing process.
We are aware of the economic demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with embarking upon 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.
A large number of physicians in Springfield Illinois may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.
Despite these factors smart financial institutions know that doctors are a good choice due to the fact that they historically have an incredibly low default rate on loans, high earning potential and stable jobs.
Not all lenders offer this specialized product and within banking institutions that do just simply speaking with the right home loan officer makes a tremendous difference.
Buying a house doesn’t need to empty your savings and the process doesn’t have to drain your time.
What if you have some funds to put down or are thinking about waiting until you have the money?
Our lenders can do the math for you and show you what each scenario looks like and the advantages of each too.
In most situations, you’ll get your mortgage paid off earlier and save thousands on interest rates too.
Furthermore, don’t overlook that having equity in your house will offer greater security and flexibility, especially if something unanticipated happens. With the 100% financed physician mortgage loan, you should expect 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 as much as 10% of the purchase price just to get out of the house.
Regardless of whether you are moving down the road, across town or across the country, we are here to work with you through the physician home mortgage process:: because you deserve it!
Doctors, get the home of your dreams with our Springfield Illinois 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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