Do You Want To Know What Banks Offer Doctor’s Mortgages?
Banks will offer different modes of buying a house to different two different professionals. 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.
It is important to understand that many financial institutions have opened great opportunities for doctors to take loans or mortgages.
Doctors can take different options for a mortgage from SunTrust Bank. 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. Sun Trust Bank also offers coverage to anyone in the medical industry. 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.
You can get 95% financing from the bank when you have all the requirements. One of the advantages of the mortgage is that you don’t have to have private mortgage insurance . See more on loans for nurses on this homepage.
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. To access this mortgage loan you have to have a credit score of 720 and above. You are also required to have a savings or our checking account from the bank.You are also expected to make a 5% down payment for the home. 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. Loans are important but it is essential that you take precautions on what you getting involved in so that they may not bind you. Click here to see more information on mortgages for doctors.