Physicians
The Musleh Real Estate Group has been assisting physicians in all career levels for many years. They have developed the needed resources to assist physicians with their home buying needs, successfully matching them with a home that meets their expectations. We use our knowledge of special financing programs to benefit those we works with. Using these programs, our education, and our experience to save you thousands of dollars and avoid costly situations. We also create a tailored program specifically for you to making the process as easy and stress free as possible. The Musleh Group understands you and your needs and is with you every step of the way.
Physician Loan Program
Why do physician mortgage loans exist? Coming out of residency or entering into private sector with little to no savings or investments, the banks saw and issue. Physicians are extremely profitable customers for lenders and almost always pay off their loans. Lenders use these programs to establish relationships with physicians early in their careers. A medical student transitioning into residency with zero earnings history, no cash, and student loans would normally never qualify for a mortgage if it wasn’t for physician mortgage loans. Thank goodness for these programs. Below are some features of these loans include but are not limited to.
What makes a physician mortgage loan different from a traditional mortgage?
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· Zero (or very low) down payments
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· No private mortgage insurance “PMI”
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· No rate increases on jumbo loans
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· Based on signed employment contract
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· Less critical of student loan debt
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Tailored to new resident physicians or new attending physicians 7-10 years out of residency or less
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Multiple Banks offer Physician Loan Programs in Indiana