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Do Doctors Get Better Mortgage Rates? — Finity Group, LLC

A common question you may be wondering is, do doctors get better mortgage rates? Doctors are unique in that they have access to both conventional mortgages and these double-top-secret mortgages knows as physician mortgage loans (sometimes referred to as physician loans, doctor loans, doctor mortgages, etc.). These special home loans for doctors waive the primary mortgage insurance requirement (PMI) on mortgages where the borrow is putting less than 20% down on a home purchase.

Do Doctors Really Get Better Mortgage Rates? - Med Advance ...

Do Doctors Get Better Mortgage Rates? Despite all the variables that go into determining mortgage rates for borrowers, it is, in fact, true that doctors remain some of the most attractive borrowers in the real estate market. Lending money to a doctor is considered very low risk. Lending money is all about risk.

Doctor Mortgage Loan [Complete Guide] - The White Coat Investor

Do Doctors Get Better Mortgage Rates? Due to the lower down payment requirement and waived PMI there is typically a price to be paid to use a doctor loan. That price can come in the form of a higher interest rate (0.125% to 0.25% higher than a conventional mortgage) or in higher fees. However, it pays to shop around.

Do Doctors Get Better Mortgage Rates? - MediPro Capital

Why do doctors get better mortgage rates? Lenders assess borrowers on the basis of their risk. Doctors are seen by banks and lenders a low-risk. This means that doctors are at a low risk of missing mortgage repayments due to their strong income and their employability. This means that lenders are quite happy to create a specific policy for doctors and medical professionals.

Physician mortgage loans: Avoid doctor-specific hurdles ...

Some physicians will do well with a specialized mortgage loan, while others may find their best bet is a traditional loan program. Explore what’s available and choose the best deal for you. Find ...

Physician Mortgage Loans: The Definitive Guide

Not only is a variable rate common among physician mortgage loans, but most of the time the interest rate will be higher – versus a conventional loan. One recent rate comparison found doctor home loans had an average interest rate of 3.75%, compared to a conventional home loan which had a rate closer to 3.5%.