Physician Construction Loan - An Easy Way to Get Loan for Physician
As we already know that Physician Loan is a kind of mortgage loan that allows the doctors and physicians to get the loan amount with much liberal terms and conditions as compared to other traditional loans. And now when we talk about these Physician Loans working along with Construction Loans, these are furthermore flexible and easy to opt for persons with the medical profession.
So, if you are planning to construct a new home, these Construction Loans surely gives no reason to ignore them.
Doctor Construction Loan does not require you to show employment history of long periods as they ask in other forms of loans. Rather, they get approved even for freshers who just came out of school and went straight into private practice.
So, if you are a doctor, looking for Physician Construction Loan than go for it without any second thought. You will undoubtedly get a higher loan value, flexible terms and require No private mortgage insurance (PMI).
No student loans will be counted against you and you are not even required to show two year’s self-employment history.
Who all are eligible to apply for these loans?
As clear by the name itself if you are related to the medical field, you are good to go with a Construction loan for Physicians. Any medical resident, doctor, dentists, veterinarians, fellow or attending physicians having a signed contract for employment are eligible to apply for these loans.
Various Features of Doctor Construction Loan:
• Require Minimal Documentation.
• No private mortgage insurance (PMI).
• Easy Application and approval options online.
• Zero or Minimal down payment.
• Bigger Amounts approved with ease.
• Student Loan Debt is not an issue in the process.
• Flexible and Fast Approval Process
• Only need signed employment contract for documentation.
• Liberal Terms as Compared to Conventional Loans
• Doctors and Physicians of any specialization can apply.
Why Buy Old when you can Construct Your Own New Home!
So, when the process to apply for Physician Construction Loan is made so easy online these days, why buy old. Just get to the decision on how you want your home to look like and how much you will be needing in the whole construction process. Then simply apply for the construction loan for Doctors and you will get the easy finance options for your own home.
Approach the best Physician Construction Loan Lender Near you and make your dream come true today!