Banks will offer different modes of buying a house to different two different professionals. When it comes to and leaving one of the most exciting things is to buy your own house.
There are no high-interest rates when it comes to mortgages for doctors. The down payment is zero or meager on these morgages.
Banks will not offer loans to any Doctor they will focus on the employment contracts so that they can do the landing.
Mortgage for Physicians is way better than student debt.
Many financial institutions have opened opportunities for mortgages for doctors.
For example, SunTrust bank has a variety of mortgages for doctors which they can take . For doctors that are practicing they can be able to get 95% financing which is up to $1million. You can choose a fixed or an adjustable rate.
It doesn’t matter whether you are an intern or a resident the bank can offer a $750,000 loan which is an additional amount to the 95% financing. For any individual in the medical industry, they can be able to get coverage from the bank. Nurses can also get loans from this bank together with other specialists.
Bb&t bank is also another financial institution that offers doctors mortgages . For a doctor to for a mortgage loan, they must be practicing medicine. You are also expected to have left residency 10 years and you have recommendations from your colleagues.
When you have all the requirements you can get 95% financing from the bank. To get the financing you don’t require private mortgage insurance. Click here to see more information on loans for nurses.
For doctors looking for mortgage loans, the Bank of America is also another option. Doctors can get various options for home mortgages from this bank. As a doctor you are required to have a credit score of 720 or beyond so that you access this mortgage loan. If you are not part of the bank with a checking or a savings account when you cannot be able to get a mortgage. It is also expected of you to make a 5% down payment of the home you want to buy. See more information about the rates of loans for nurses in the Bank of America.
When you consider the highlighted banks it is important that you take note of their requirements so that you can be able to fit in and get the mortgage loan that you want. Take precautions or what you’re involving yourself in when it comes to taking loans. Learn more about mortgages for doctors on this website.