Physician's Loans
As a physician, you have a lot on your plate. Between treating patients, staying up to date on medical advances, and managing your personal life, the last thing you need is to add another item to your to-do list - finding the best physician loan program.
But here's the good news: we've been in your shoes and have done the heavy lifting for you. Our experience with the physician loan program has given us invaluable insights into what to look for, and what to avoid, when it comes to financing your first home or your dream home.
When it comes to choosing a loan program, the lowest rate isn't always the best choice. Hidden fees and unexpected costs down the road can make that seemingly low rate a costly mistake. That's why we looked at five key criteria - price, experience, teamwork, availability, and service - to ensure we found the best program for our needs.
We spoke with six mortgage brokers who cover a range of options, including large national banks, regional banks, local credit unions, and independent brokers. Through this process, we discovered that not all lenders offer physician loan programs, and even those that do can vary greatly in their terms and conditions.
Everyone’s favorite consideration - price, we secured a rate 1.25% lower than the top quote we received. That translates to savings of nearly $300,000 on a $1,000,000 mortgage - a significant difference that more than justifies the time and effort spent finding the right program.
Experience was also a top priority for us. We wanted a broker who had a proven track record of success and could help guide us through the process with ease. We ultimately chose a broker who specializes in physician loans and has decades of experience in the field, which gave us peace of mind knowing we were in good hands.
Teamwork, availability, and service were also important factors for us. We wanted a broker with a strong team to ensure that our documents were organized, and our underwriter's job was as easy as possible. We also wanted a broker who was available whenever we needed them, and who provided us with top-notch service from start to finish.
If you're a physician in need of a loan program, don't settle. Let us share our experience with you and help you navigate the complex world of physician loans. We can help you find the program that's right for you and achieve your dreams of home ownership.
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We’ll be sharing tidbits of wisdom like this with any subscriber every two weeks, along with deeper dives for our clients every month or so.
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Fortress Physicians by the Numbers
🏡 42 Physician Households as Clients
💰 $680,000 Avg Household Income
👩 Average Age 44
💸 $3.25 Million Net Worth
📈 29% Average Savings Rate
Securities and Investment Advisory Services offered through Fortress Private Ledger, LLC. Member FINRA/SIPC
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Talk soon,
Chris