AS SEEN ON:
1. Pick a State
2. Pick a Lender
3. Get your Physician Mortgage
What Makes A Physician Loan Special?
There are FIVE unique ways that make physician home loans the most practical choice.
- Low or Zero 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 5 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.
BUT what do the banks get out of this?….
- A future high income earning client
- Some banks require you to have a checking or savings account with them
- Rate and fees on these loans can be slightly higher than loans that require 20% down and years in current employment position
See The Top Peer Recommended Physician Loan Programs
Since 1993
Our Mission
PhysicianMortgage is a digital lending marketplace exclusively for physicians. We make it incredibly simple to compare the different physician mortgage programs available to physicians from anesthesiologists to urologists.
