7 Insiders Tactics- How to Pay Less And Still Get Your Offer Accepted
It’s no secret, getting your offer accepted in today’s hyper competitive real estate market is no simple task. Inventory is low in most areas of the country and the competition for the best homes in the best neighborhoods is fierce.
One of the biggest challenges with down payment assistance programs has long been the issue of student loans and the way underwriters calculate payments on deferred and Income Driven Repayments. The general rule has been to default to one to two percent of the outstanding student loan balance as a MONTHLY payment.
Do doctor mortgages have mortgage insurance and really, what is mortgage insurance? It’s funny, I get clients all the time that we get into discussions and they say, “I want to make sure we avoid mortgage insurance.” And I say,
You know, the best thing about the Fairway Scorecard is that it does not lie. It does not care about what you accomplished last month, how good you think you are, or your ego… It tells you the truth,
Yes, the great news is that dentists, orthodontists, oral surgeons and other dental professionals can qualify for a physician home loan. Here are some of the advantages our dentist mortgages offer:
Able to close up to 60 days prior to the start of your employment contract
Lender paid mortgage insurance
Qualify with deferred or IBR student loans**
97% LTV*** financing up to $650,000
95% LTV financing up to $850,000
90% up to $1.5 million
100% financing up to $424,100 in some areas
97% financing up to $424,000 in all states
Gift funds OK with no seasoning in your account
Call at and ask any questions you have about dentist mortgages.
Are doctor construction mortgages available? Those would be loans that have special underwriting guidelines for doctors, and physicians, that are used to buy the land, and do the vertical construction of the home. That is a more onerous process when you talk about construction loans,