Doctors Loan Mortgage – What is the Process of Getting a Doctor’s Loan?
Physicians Mortgage Loan offers physicians an alternative to traditional lenders by providing financing for their home purchasing needs. We offer competitive rates and flexible terms on our physician mortgages. Our goal is to provide physicians with the best possible service at the best rates with 100% financing, and no PMI required.
We Have Been Helping Doctors Get Their Dream Homes Since 2001.
Physicians Mortgage Loan was founded in 2001 as a direct response to the need for affordable financing options for physicians who were looking to buy homes. Since then we have grown into one of the largest providers of physician mortgages in the country. Today, we continue to help physicians achieve their dreams of owning a home through our innovative programs and services.
Physicians who qualify for our program receive the best possible rates and financing with no money down. We work closely with physicians to ensure they understand the process and requirements of obtaining a mortgage. We pride ourselves on being able to help physicians achieve their dreams of owning a home.
What Are The Requirements For A Doctor To Qualify For A Mortgage?
A doctor’s loan is a type of mortgage that is specifically designed for medical professionals. To qualify for a doctor’s loan, you must be a licensed medical doctor or dentist. The loan can be used to purchase a home, refinance your current mortgage, or purchase a practice. The interest rates on doctor’s loans are typically lower than the rates on other types of mortgages, and the terms are more flexible.
Several requirements must be met before a doctor can qualify for a loan. As a medical professional, you want a mortgage loan lender that offers unmatched customer service and experience.
Physicians who qualify for a doctor’s mortgage from Physicians Mortgage Loan receive the best rate and specialized mortgage loans designed with the customer in mind.
Physicians who qualify for a doctor loan mortgage from our company can choose between fixed rate loans and adjustable rate loans. Fixed rate loans are typically offered at lower interest rates than adjustable rate loans. However, if you plan to stay in your home for a long period of time, then an adjustable rate loan might be better suited for you.
Physicians who qualify for a doctor mortgage can purchase homes with little or no cash down. In fact, we offer zero percent down payment loans for qualified physicians. With a doctor mortgage, you can buy a home without having to pay private mortgage insurance (PMI). If you want to learn more about our physician mortgage programs, please contact us today.
What Is The Process Of Obtaining A Doctor’s Loan?
Once these requirements are met, the physician will need to complete an application form. This form will ask questions regarding the applicant’s financial situation, employment status, and other pertinent information. After completing the form, the applicant will submit it to a lender who specializes in lending to physicians. The lender will then review the application and determine whether the applicant meets the criteria required for approval. If so, the lender will send the applicant a letter stating that he/she has been pre-approved for a loan. At this point, the applicant should contact the lender to set up a meeting to discuss the details of the loan.
Physicians who qualify for a loan from us can use the funds to buy a new home, refinance an existing one, or consolidate debt into one monthly payment. We work closely with physicians to help them find the right loan program for their unique situations.
For over 21 years, Physicians Mortgage Loan has been helping people obtain mortgage loans of all shapes and sizes. With their extensive knowledge of all aspects of the real estate transaction, they have helped thousands of people achieve their homeownership goals.
No other company in the industry can top Physicians Mortgage Loans 94% success rate on loan approval and 100% financing with no money down. We specialize in credit report review and repair for medical professionals and even
assist with relocation services to ensure you are requesting and securing the best loan in the best neighborhoods with the best possible terms.
We offer mortgage loans to practicing physicians with 100% financing up to $650K and 5% down on loans up to 1.0M for residents and new doctors. We can originate mortgage loans in the following states: Utah, Colorado, Oklahoma, Texas, Florida, Georgia, South Carolina, North Carolina, Tennessee, Kentucky, Alabama, Virginia, West Virginia, Missouri, Illinois, Indiana, Michigan, Ohio, Wisconsin, Minnesota, Pennsylvania, Delaware, Maryland, and Iowa.
Visit our website at https://physiciansmortgageloan.com for more information and take advantage of these low, low rates available right now. Our licensed mortgage loan advisors are available to answer any questions you might have about our rates and services by calling us at 904-747-0865 Monday thru Friday 9 am – 8 pm.