Information About What Banks Offer Doctors Mortgages
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. Due to the specialization of these mortgage loans, you will find that the down payment is nil or restricted .
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.
Doctors can be able to take mortgages from financial institutions because they have opened this platform.
Doctors can take different options for a mortgage from SunTrust Bank. The bank can offer 95% financing for doctors that are practicing which is up to 1 million dollars. 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. The bank will also offer coverage for any individual in the medical industry. Nurses can also get loans from this bank together with other specialists.
The bb&t bank is a financial institution that offers doctors with mortgages. Doctors that are practicing medicine are the only one that can be able to access the mortgage loan from this bank. You are also expected to have left residency 10 years and you have recommendations from your colleagues.
Having all the requirements will need bb&t bank to give you a 95% financing. You don’t need private mortgage insurance to get the financing . Click here to see more information on loans for nurses.
The Bank of America in another institution that has specialized mortgages for doctors. 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. You are expected to have a checking or a savings account so that you can access the mortgage. It is also expected of you to make a 5% down payment of the home you want to buy. Click here 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. Take precautions or what you’re involving yourself in when it comes to taking loans. Discover more about mortgages for doctors on this website.