Mortgages for Medical Professionals
Special loan programs for medical professionals in Greensboro, Durham, Raleigh, and Winston Salem, NC, Charlotte, NC, High Point, NC, Wilmington, NC
Medical professionals dedicate their time and career to caring for others. If you are a medical professional in the Greensboro, Durham, Raleigh, or Winston Salem, Charlotte, Wilmington, High Point areas of North Carolina, you have a new highly rated choice for your mortgage needs! You can benefit greatly from mortgages designed specifically for medical professionals. The Medical Professional Loan from Ameris Bank offers a unique loan solution to meet your needs and reward your service to your community.
Medical professionals have unique financial needs.
You probably had to take out considerable student loans for your medical education. Even if you do not face high loan debt, you incurred countless costs throughout your training and as you established your career. It is also possible that student loan debt has affected your ability to qualify for a home loan or find a mortgage rate that is manageable for you and your family.
In the past, only doctors or dentists were able to access specialty home loans for physicians. These mortgages often excluded their student loan debt from the rate or based the mortgage rate on income-driven repayments. However, these benefits are no longer limited to medical professionals with “MD” by their name. Generous underwriting guidelines can be applied to a wide range of medical professionals and offer unique mortgage solutions to fit your financial needs.
What is a Medical Professional Loan?
You can access medical professional mortgages at any stage of your career, including residency and growing your practice. This type of loan can help you reach your goal of home ownership despite student loan debt. Ameris Bank offers this specialty style of mortgage for medical professionals who need a flexible approach to underwriting guidelines. This loan also considers time on the job and flexibility around your down payment.
There are many benefits of the Medical Professional Loan.
You can receive up to 100% financing and private mortgage insurance is not required. Loans can be granted in amounts up to $1,500,000 depending on your need and qualifications. The following medical professionals can qualify for a Medical Professional Loan. These categories also include residents and fellows.
· Physician assistants
With a Medical Professional Loan, you can close on your loan before your employment start date. You will just need to have an employment contract with a start date within 60 days of closing. This loan can help you find a home during or after school or your medical training without requiring significant time on the job. You can stop worrying about saving extensively after graduation and focus on growing your career or your practice while owning your own home.
The Medical Professional Loans from Ameris Bank are available to medical professionals in the following states.
· North Carolina
· South Carolina
How do you qualify for a Medical Professional Loan?
In addition to meeting the professional requirements above, there are a few other stipulations for qualification. The loan must be for a primary residence only. You will also establish a relationship with Ameris Bank in the form of a personal checking account. You can use this account to set up mortgage payments from the account to auto-draft monthly.
The program is limited to medical professionals who are not more than 10 years out of their residency or fellowship. There may be other requirements for eligibility based on your specific circumstances, but your loan professional can assist you with all qualifications.
Make home buying possible with a Medical Professional Loan.
If you are recently out of school or close to graduation, home buying may seem impossible. For medical professionals caring for themselves or their family, finances are often a source of stress or concern. However, a Medical Professional Loan can make home buying possible and reduce the financial strain on your family.
Enjoy a loan that is designed for you and your profession. Close on your home faster than other traditional methods and benefit from the flexibility of a loan that considers your student loan debt, time on the job, and down payment.
Jill Burgess from Mortgages by Jill understands the unique needs of medical professionals. She will work with you to find a Medical Professional Loan that aligns with your circumstances. Her knowledge and expertise make the entire process as smooth as possible and provide the satisfaction of knowing your finances are in good hands. Medical professionals in the Greensboro, Durham, Raleigh, or Winston Salem areas of North Carolina can also benefit from having a qualified loan expert in their area who understands Medical Professional Loans.