We offer solutions. Our specialized and highly trained underwriters, processors and originators underwrite to your specific situation to solve the different issues and challenges that Utah physicians face when qualifying for a home loan.
We provide first class service to our physician clients. We understand that you have a very heavy work and stress load, if you add a complicated mortgage process on top of it all, it can be overwhelming. We make getting a physician loan (also known as a doctor loan) in Utah as easy and stress free as humanly possible.
We ask the right questions to find out where you are in your career transition. We ask you specific questions about your student loan status, exactly what kind of contract you will have and what it’s based on. We talk to you about your timing for closing, your start date and when your relocation to Utah needs to occur. Because we’ve done this so many times with physicians in the past we understand the particular stresses and unique situation that you are in.
We hold true to our slogan: “Say what you do. Do what you say. No surprises!”
We offer physician home loans to practicing physicians, dentists, resident physicians, fellows, PhDs and physician assistants in Utah, Arizona, Nevada, California, Idaho, Oregon, Washington, andColorado. If your state is not listed, please contact us; we are expanding and we want to help!
Here are a few other highlights of what we offer Physicians and Dentists:
We don’t count deferred student loan payments against you. This is a biggie for our friends coming out of medical school, residency and fellowships. We are able to exclude these debts from your debt to income ratios and even use stipend income to qualify in some cases.
We can use Self Employed or 1099 income with less than 12 months history. This is huge for physicians that go straight into private practice, join groups that pay via 1099 or buy into partnerships that don’t have a set W-2 wage or set minimum salary.
We can finance over up to 97% of the purchase price of your new home without monthly mortgage insurance. This is HUGE! Mortgage insurance can add tens of thousands of dollars on to the cost of your loan and we have programs that avoid MI all together.
We can close based on your contract. Often times we see physicians relocating and they want to close on their new home before they’ve started their new position. We understand the stress of relocation and can get you into your home up to 60 days before your first day on the job.
We offer products with higher loan to value and loan amounts. We have mapped out both local and national mortgage banks and have compiled all their best physician loan programs, giving you access to higher loan amounts and higher loan to values than what conventional mortgage programs can provide.