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 best things you can ever do to yourself is buying a house because you will live a comfortable life.
There are no high-interest rates when it comes to mortgages for doctors. This is because these mortgage loans are specialized in such a way they offer zero or little down payment.
Banks will not offer loans to any Doctor they will focus on the employment contracts so that they can do the landing.
One of the advantages of mortgages for doctors is that they are not weighty as compared to student loan debt.
Many financial institutions have opened opportunities for mortgages for doctors.
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.
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. 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. 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. You don’t need private mortgage insurance to get the financing . See more on loans for nurses on this homepage.
For doctors looking for mortgage loans, the Bank of America is also another option. The bank has a wide range of options for doctors to get home mortgages. If you have a credit score of 720 and above you can be able to access this mortgage loan as a doctor. You are also required to have a savings or our checking account from the bank. It is also expected of you to make a 5% down payment of the home you want to buy. 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. Take precautions or what you’re involving yourself in when it comes to taking loans. Click here to see more information on mortgages for doctors.