You will find that when it comes to buying homes different professionals will have different buying modes. One of the most exciting things you can do to yourself is buying your own home.
There are no high-interest rates when it comes to mortgages for doctors. The down payment is zero or meager on these morgages.
When it comes to lending loans the banks will do this according to the doctor’s employment contract.
Mortgage for Physicians is way better than student debt.
It is important to understand that many financial institutions have opened great opportunities for doctors to take loans or mortgages.
SunTrust bank has different options of mortgages for doctors that they can take. The bank can offer 95% financing for doctors that are practicing which is up to 1 million dollars. With the bank, you can choose either a fixed or an adjustable-rate option.
In addition to the 95% financing, the bank can offer a $750000 loan which the bank does not care whether you are a resident or an intern. Sun Trust Bank also offers coverage to anyone in the medical industry. This means the bank has loans for nurses and other specialists.
Bb&t bank also gives doctors mortgages. Only those doctors that are practicing medicine can get the mortgage loan from this Bank. You are also required to have exited the residency for 10 years and get recommendations from your colleagues.
When you have all the requirements you can get 95% financing from the bank. You don’t need private mortgage insurance to get the financing . View here for more information on loans for nurses.
The Bank of America in another institution that has specialized mortgages for doctors. The bank has a wide range of options for doctors to get home mortgages. To access this mortgage loan you have to have a credit score of 720 and above. You are expected to have a checking or a savings account so that you can access the mortgage. You are also expected to make a 5% down payment for the home. Read on this home page to see the rates of loans for nurses in the Bank of America.
To be able to get a mortgage loan that you want it is important that you take into consideration the highlighted banks and their requirements. To avoid being bound by loans it is important that you take precautions on what you’re involving yourself into. Discover more about mortgages for doctors on this website.