We specialize in connecting physicians with doctor loans.

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If you’re thinking about buying a home, you may wonder whether you need a real estate agent.  There are plenty of resources for a buyer these days, from online search sites to how-to guides.  But an agent has something no buyer – particularly a first-time buyer – does: a wealth of experience.  An agent will work as an advocate on your behalf and, in most cases, will get you a better deal than you could get yourself.

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A doctor loan often requires no down payment or private mortgage insurance (PMI). Avoiding mortgage insurance can typically save hundreds per month in a mortgage payment. Most of the time a person would have to put at least 20% down to avoid mortgage insurance. In addition, doctor loans may not include student loans in the debt ratio calculation. This is important because many residents and fellows would not qualify for a mortgage loan or would have to get a less expensive home if student loans were included in their debt ratio. In order to qualify for doctor loans, some banks require the physician to open an account at the bank from which the mortgage is paid. Depending on the down payment made, some of these programs offer loans into the multi-million dollar range. Typically, they loans are only for primary, owner-occupied properties, but some are available for second homes. They can be used for purchase and often for refinance or construction as well.

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What to Know About Mortgage Insurance

If you’re like most people, your greatest concern when buying a home isn’t the monthly mortgage payment. It’s having enough saved for a down payment. Many homebuyers assume you need to have a down payment equal to 20% of the home’s value. That’s not the case. Yes, there are benefits to putting down that large [...]

Home Construction Loans: What to Consider

While some people search for their dream home among a pool of houses already built, others prefer to customize them by building on a specific plot of land. If building your dream home appeals to you, you may want to consider home construction loans. They are designed to help you with home construction financing. Before [...]

Mortgage Payment Breakdown

When you start house hunting, you probably have general thoughts about applying for a mortgage, such as the sale price, down payment, and interest rate. But in the end, it's going to come down to finding a monthly mortgage payment that fits your budget. As a homeowner, it's important to understand what goes into your [...]

How Your Credit Score Is Calculated

You probably hear about credit scores all the time. But how much do you actually know about them? You likely understand the basics of how your credit score works. You pay off your debts on time and your credit score goes up, right? Not exactly. Let’s discuss how you actually get a good credit score [...]

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