phySICIAN hOME LOAN lenders in your state. 

All of the loan officers listed are highly recommended Physician Loan Officers and industry leaders that specialize in working with Physician Mortgage Loans ONLY.

 
 

PHYSICIAN LOANS IDAHO

NATIONAL LENDERClick here for Program Features and Loan Officer Contact Information
Available in Idaho State.

Opes Advisors:Click here for Program Features and Loan Officer Contact Information
Available in the following states: (All 50 States)

Please use the form below and we’ll let a Physician Loans USA Specialist know that you are looking for more information.

Full List of Banks offering a physician Loan Program: 

National Lender 1 :Click here for Program Features and Loan Officer Contact Information
Available in the following states: (ALL 50 STATES)

Opes Advisors:Click here for Program Features and Loan Officer Contact Information
Available in the following states: (All 50 States)

Fifth Third Bank: Click here for Program Features and Loan Officer Contact Information
Available in the following states: WI, MO, IL, IN, OH, KY, MI, TN, GA, FL, NC, SC, WV

Regions Bank:Click here for Program Features and Loan Officer Contact Information
Available in the following states: TX, IA, MO, AR, LA, IL, IN, KY, TN, MS, AL, GA, FL, VA, NC, SC, LA

Citizens Bank:Click here for Program Features and Loan Officer Contact Information
Available in the following states: CT, DC, DE, IL, IN, KY, MA, MD, ME, MI, NC, NH, NJ, NY, OH, PA, RI, SC, TN, VA, VT, and WV

Cross County Mortgage:Click here for Program Features and Loan Officer Contact Information
Available in the following states: OH, IN, MI, WV, KY, & PA

BBVA Compass Bank:Click here for Program Features and Loan Officer Contact Information
Available in the following states: AL, AR, AZ, CA, CO, FL, GA, ID, KS, LA, MA, NM, NV, OH, OK, OR, PA, TN, TX, VA, and WA.

Suntrust Bank:Click here for Program Features and Loan Officer Contact Information
Available in the following states: AL, AR, DE, FL, GA, MD, MS, NC, SC, TN, VA, WV and DC; and parts of PA

PHYSICIAN MORTGAGE HOME LOAN EXPERTS IN RIGBY

A Doctor Mortgage Loan Program also referred to as physician loans, puts forth a unique set of circumstances for lenders as new doctors do not have any work history and usually have a significant amount of student loan debt. These loans are rarely in default by physicians. It also aims to promote goodwill amongst a profession that banks find extremely profitable for business relations. Some of the benefits that the doctor loan program in Rigby provides to physicians at the start of their career are-

· More Liberal Guidelines- Leading physician mortgages in Rigby underwrite the loan with more liberal guidelines for the physician mortgage loan, but for taking on that added risk that standard guidelines do not allow, they charge a slightly higher rate. If typically the doctor mortgage is going to save you .5% to 1% in annual PMI, this enables you to pay .25% to .5% higher rate for this loan type.

· Higher chance of Approval- Physician Loan Program or Doctor Mortgage Loan Program holds a higher chance of approval as most often new in practice physicians are approved with physician home loans. Banks end up declining their proposal for a conventional loan because they just don’t fit the guidelines due to student loan deferment.

· Low Down Payment- Physician Lenders offer extremely low down payment options of 0-5%.  Depending on the bank making the investment, where the property is located, and the loan amount, usually 90-100%of the loan value is financed.

· Higher Loan Limits- Physician Lenders provide higher loan limits depending on where you are in the country and by the institution that is making the physician loan. But, is generally a more upper loan limit than any conventional loan amounting between $ 850k to $1.5 million.

· PMI not required- Principal Mortgage Insurance (PMI) is a costly insurance policy that protects the bank if the mortgagee, fails to make the promised payments on their home loan. Doctor Mortgage Loans in Rigby does not require you to purchase PMI as it is considered that a physician’s odd of defaulting the investment is very low.

· Flexible Proof of Income- Leading physician mortgages in Rigby allow flexibility concerning proof of Income for a self-employed physician to qualify with as little as a six-month history of income, enabling them to buy a home almost two years earlier with a doctor loan than a conventional loan. For physicians who are at the start of their career, the employment contract is also considered as an acceptable proof of income.

· Waive off Medical School Loans- For physicians carrying heavy student loan burdens early in their careers, the Doctor Loan Program in Rigby is a huge benefit as it waives off medical student loans from their debt ratio.

· Allow Gift Funds for closing costs- Some Physician Mortgage Loans in Rigby even allow physicians to use gift money for a down payment or closing costs.

For most doctors who have just passed out of medical school and started practicing, might seem slightly complicated. The terms and conditions, although simple can sometimes be confusing for physicians buying a home for the first time ever. Physicians applying for the doctor mortgage loans in Rigby must look for an offer that perfectly suits their need. Therefore, they must understand the details of this program with a Physician Mortgage Loan Expert in Rigby before jumping on to grab an attractive offer that has come their way.