Different professionals will get different mortgages from banks. 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. 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.
As compared to the student loans that mortgage for doctors are better.
It is important to understand that many financial institutions have opened great opportunities for doctors to take loans or mortgages.
For example, SunTrust bank has a variety of mortgages for doctors which they can take . For practicing doctors they can get up to 1 million dollar financing because the bank offers 95% financing. With the bank, you can choose either a fixed or an adjustable-rate option.
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. For any individual in the medical industry, they can be able to get coverage from the bank. This means the bank has loans for nurses and other specialists.
Bb&t bank also gives doctors mortgages. Only those doctors that are practicing medicine can get the mortgage loan from this Bank. You are also required to have exited the residency for 10 years and get recommendations from your colleagues.
When you have all the requirements you can get 95% financing from the bank. 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. You can get a variety of home mortgages from this bank since it has a wide range of options. As a doctor you are required to have a credit score of 720 or beyond so that you access this mortgage loan. 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. See more information about the rates of loans for nurses in the Bank of America.
It is important that you consider the highlighted banks and their requirements so that you can get the mortgage loan that you want. To avoid being bound by loans it is important that you take precautions on what you’re involving yourself into. Learn more about mortgages for doctors on this website.