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. When it comes to and leaving one of the most exciting things is to buy your own house.
When it comes to mortgages for doctors banks will offer fewer interest rates. Due to the specialization of these mortgage loans, you will find that the down payment is nil or restricted .
Banks will offer loans to doctors based on their employment contracts.
Mortgage for Physicians is way better than student debt.
Many financial institutions have opened opportunities for mortgages for doctors.
SunTrust bank has different options of mortgages for doctors that 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.
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. The bank can also give loans to nurses and other specialists in the medical industry.
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.
Having all the requirements will need bb&t bank to give you a 95% financing. To get the financing you don’t require private mortgage insurance. View here for more information on loans for nurses.
For doctors looking for mortgage loans, the Bank of America is also another option. 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. If you are not part of the bank with a checking or a savings account when you cannot be able to get a mortgage. You are also expected to make a 5% down payment for the home. See more information about the rates of loans for nurses in the Bank of America.
When you consider the highlighted banks it is important that you take note of their requirements so that you can be able to fit in and get the mortgage loan that you want. 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.