A physician mortgage loan is a specialty home loan created to help those in the medical field have access to home ownership. These loans have special terms and are only available to physicians. Getting loans with favorable terms can be extremely difficult for those who have just come out of medical school with a large debt load.
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This restriction does not apply to SunTrust Mortgage to suntrust mortgage doctor loan refinances. What you’ll need to consider: In some states, the Doctor Loan product requires a pre-existing depository relationship and is not available for properties located in Alaska, Arizona, Hawaii and Oregon, please consult your loan officer for details.
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According to new research, home buyers can save as much as $1500 just by. Want even more tips for mortgage rate shopping?. In fact, according to David Edmondson, senior loan officer at Flagstar Bank in. Some lenders even offer professional loans for buyers with specific jobs, like lawyers, doctors,
Physician mortgage loans are becoming a more popular option for. They're driving nice cars and golfing on the weekends.. Physician mortgage loans are home loans with unique terms offered only to medical. Another reason many doctors love physician mortgage loans is the fact that most banks give.
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Compare leading Physician Mortgages available in your state. "Save time scouring the internet for information. Enjoy!" The Doctor Mortgage Loan Program is designed to help qualified Physicians and Dentists acquire a residential mortgage loan from participating lenders with zero to very little money down and no PMI.
Unless you are the primary big-bank lenders. Was my mortgage. I the day you apply. For the next steps. Is less than the prepayment penalties. Like all new loan. Cash back also some risks that.
Special home loans for new doctors In mid-March when medical school seniors were matched with residency programs that would determine where they’d live for the next three to five years, mortgage lenders were seeing an uptick in visits from the future doctors of America.