WHAT IS A PHYSICIAN LOAN?
A physician loan is a special type of loan designed for the unique needs of doctors. Because doctors have the ability to earn a higher income, this type of loan was designed. Doctors often find themselves with very high student loan debt, limited cash and minimal credit during med school and residency.
These programs offer several benefits to physicians, such as:
- Lower down payment requirementsPhysician loan programs typically require a lower down payment than traditional mortgages. Lenders recognize physicians often have high earning potential but may not have significant savings for a down payment.
- No private mortgage insurance (PMI)
More lenient credit requirements
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JEN RILEY AS YOUR DRS AGENT
70%
OF MY BUSINESS IN 2023 WAS WITH PHYSICIANS!
As a doctor, wouldn't it be nice to have the best representation when purchasing or selling your home and save money?
As a doctor, wouldn't it be nice to have the best representation when purchasing or selling your home and save money?