Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Facebook
Sponsored Links
Top Posters (30 Days)
RonnieEmz 36
Trouble 26
Vermont 21
leaf fan 21
LoganRealty 19
Daniel1234 19
Lucky Leonardo 16
Mr. Clean 13
James007 11
MetroUAV 8
Z06Fanatic 7
estatereal 5
miracle 5
barb43 4
VABroker 4
Matched Content
Topic Options
Rate This Topic
#439947 - 10/11/14 05:24 PM Do Physician Mortgage Loans Still Exist?
RJCOD Offline
Junior Member

Registered: 10/11/14
Posts: 1
Loc: UTAH
First posting here. Do Physician Mortgage Loans Still Exist?If so who offers them and do they offer them in Utah?

Top
Advertisements
#440060 - 10/15/14 03:49 PM Re: Do Physician Mortgage Loans Still Exist? [Re: RJCOD]
ltfinney Offline
Member

Registered: 03/19/14
Posts: 13
Loc: Navarre, FL
I Googled it. Apparently Sun Trust still does.

Top
#440074 - 10/16/14 06:59 AM Re: Do Physician Mortgage Loans Still Exist? [Re: RJCOD]
AgentinMA Offline
Member

Registered: 12/31/05
Posts: 264
Loc: Boston Metro
Wells Fargo does them.

Top
#440133 - 10/18/14 11:22 PM Re: Do Physician Mortgage Loans Still Exist? [Re: RJCOD]
SmartMoney Offline
Member

Registered: 08/13/05
Posts: 102
Loc: No. VA
Most definitely they do.....just remember, the more items you use on the loan menu, the more expensive the loan.

For example, if you go with a 100%, no PMI, fixed rate loan, you will be paying a rate well above market.

If you can put 5% or even 10% down, you can get a decent rate and still not have to pay PMI.

I personally know of 5 or 6 banks in our area and one credit union that has the program (the credit union is national and anyone can join - I am actually thinking about going to work for them).

They all vary by down payment, interest rate and loan program and current job status. Some accept contracts without even starting the job yet, some want tax returns.

Shop around.

Top
#445184 - 04/24/15 04:17 PM Re: Do Physician Mortgage Loans Still Exist? [Re: SmartMoney]
Nashville Homes Offline
Member

Registered: 07/25/13
Posts: 113
Loc: Nashville, TN
I know a mortgage individual here in TN who handles them, I think through Regions. Most big banks still do them, and they're quite competitive, but there are often just a few institutions per state who do so. If I'm recalling my conversation with her correctly.

I wouldn't recommend such a loan if it's easy to qualify for something else, however. I have a physician in the family who fell into bankruptcy because he had to stop practicing due an injury and couldn't pay the astronomical payments; when if he'd just picked a more sensible loan he'd have been just fine on savings.

But YMMV.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
shiplap, Riveraskip, IaStavig, The_Realtor, Carl Brewster
29584 Registered Users
Who's Online
1 registered (1 invisible), 49 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28146067
No new orders today 13090185
Stupid MLS comments. 3268651
What do you know about Froy Candelario, top agent in USA 1182164
Stupid QC comments and BPO requirements. 1054401
New HUD Listing Brokers---Any Update? 1022809
Is there religious content in Buffini class? 817701
Let's talk about our cars 664905
Name that Flick. Great movie Lines. 599735
Pay it Forward - BPO/REO Tips & Tricks I & II 585850
Most common items found at an REO 566104
EML 459230
REOTRANS 436660
Main Street 415075
asset val seminar in colorado 405174
assist 2 sell or 1 percent realty? 338397
HOMONYMS - There, Their, and They're 304235
Evalonline 300066
Land America 285049
Mainstreet 261858
Featured Member
Registered: 04/26/12
Posts: 106

How To Advertise Here


This site presented by RNC Internet Services