www.physicianloansusa.com Open in urlscan Pro
198.185.159.145  Public Scan

Form analysis
1 forms found in the DOM

GET /search

<form class="Header-search-form" action="/search" method="get">
  <input class="Header-search-form-input" name="q" type="text" spellcheck="false" value="" autocomplete="off" placeholder="Search">
  <button class="Header-search-form-submit" type="submit" data-test="template-search">
    <svg class="Icon Icon--search--small" viewBox="0 0 15 15">
      <use xlink:href="/assets/ui-icons.svg#search-icon--small"></use>
    </svg>
    <svg class="Icon Icon--search" viewBox="0 0 20 20">
      <use xlink:href="/assets/ui-icons.svg#search-icon"></use>
    </svg>
  </button>
</form>

Text Content

Home Current Market Trends Opt-In Newsletter Mortgage Calculator FAQ





PHYSICIAN LOANS DIRECT: 216-616-4332 (24-Hour Service)

HomeCurrent Market TrendsOpt-In NewsletterMortgage CalculatorFAQ



FREQUENTLY ASKED QUESTIONS

We try to anticipate questions you might have about Physician Loans USA's
PRODUCTS and SERVICES and provide the answers here. If you need additional
information please send an e-mail to info@physicianloansusa.com. The FAQ below
is not an inclusive or comprehensive list of all questions or scenarios that may
or may not happen during the home buying process. The current and most
up-to-date underwriting and real estate guidelines may change on a daily basis,
and we recommend that you consult your Realtor and mortgage professional for any
questions that do not show on our list below.

--------------------------------------------------------------------------------


1


WHAT IS PRIVATE MORTGAGE INSURANCE (PMI)?

Private Mortgage Insurance is a third party insurance that is enforced on a home
loan if the buyer does NOT have at least 20% down payment. The insurance is
enforced to protect the bank/lender in case the buyer defaults on the
mortgage. Most physician loan programs DO NOT require this insurance to purchase
a home.

--------------------------------------------------------------------------------


2


HOW MUCH CAN I AFFORD IN A NEW HOME?

Almost all physicians' circumstances are different. This is why we network with
and trust the mortgage professionals we connect you with at the beginning of the
process. These mortgage professionals will work closely with you and determine
what you feel comfortable with, using the industries most current mortgage
guidelines. Rule of thumb is that you can afford 43% of your monthly pay BEFORE
income taxes and other deductions. This 43% is inclusive of the new mortgage,
current monthly loan debt, student loans, car loans, minimum payments on credit
cards, etc. Other items may have to be included, and we have a network of
mortgage professionals to answer those questions. 

--------------------------------------------------------------------------------


3


WHAT IS THE MINIMUM SCORE NEEDED TO QUALIFY FOR A PHYSICIAN LOAN?

Depending on lender and final mortgage product needed, 680-720 is generally the
lowest score range needed to qualify. This includes 100% financing in some
cases.

--------------------------------------------------------------------------------


4


CAN I MOVE IN TO A NEW HOME BEFORE I START MY FUTURE EMPLOYMENT?

Yes! We have the ability to help you move in to a new home up to 90-days PRIOR
to start date. This will depend on asset and credit qualification, so we do
highly suggest we connect you with a mortgage professional sooner in the home
search process. We have helped orchestrate successful
pre-qualifications/pre-approvals by introducing physicians to a mortgage
professional 6-12 months prior to employment start dates. 

--------------------------------------------------------------------------------


5


CAN MY STUDENT LOAN PAYMENTS BE IGNORED FOR QUALIFICATION?

They can!  If your next stop is residency or fellowship, we can ignore your
deferred student loan payments. This includes Forbearance as well (depending on
lender). By ignoring these future payments, we can help you qualify for a new
home. 

--------------------------------------------------------------------------------


6


DOES UTILIZING PHYSICIAN LOANS USA'S SERVICES COST ME ANYTHING?

No.  Leaning on us to help you find the perfect match for your real estate needs
does not cost you anything. We work closely with our real estate partners to
ensure superior service and product offerings to our clients. 

--------------------------------------------------------------------------------


7


CAN WE REFER PHYSICIAN LOAN USA TO ANY MEDICAL PROFESSIONAL?

Please do!  We are only as good as our customer service and real estate
professional network, and if you feel we are worthy enough of being referred to
a close colleague or friend in the health care industry (does not have to be a
Physician or Dentist), we can help. Our network of real estate agents and
mortgage loan professionals also have experience in working with medical
professionals.

Featured

Jul 30, 2023

Key Housing Market Trends | Best Physician Mortgage Loans: Up to 100% Financing
Jul 30, 2023

Jul 30, 2023

Jul 27, 2023

Homebuyers Are Still More Active Than Usual | Best Physician Mortgage Loans with
0% Down and No PMI
Jul 27, 2023

Jul 27, 2023

Jul 26, 2023

Tips for Making Your Best Offer on a Home | Best Physician Mortgage Loans: Up to
100% Financing
Jul 26, 2023

Jul 26, 2023


Physician Loans USA is NOT a lender. We assist Physicians and Dentists to
connect with mortgage loan and Realtor professionals in all 50 states.

Hours

INFO@PHYSICIANLOANSUSA.COM

216-616-4332

Direct : 216-616-4332 (24-hour service)Lender NetworkOpt-In NewsletterPrivacy
Policy


×
We Value Your Privacy
Settings
NextRoll, Inc. ("NextRoll") and our advertising partners use cookies and similar
technologies on this site and use personal data (e.g., your IP address). If you
consent, the cookies, device identifiers, or other information can be stored or
accessed on your device for the purposes described below. You can click "Allow
All" or "Decline All" or click Settings above to customize your consent.
NextRoll and our advertising partners process personal data to: ● Store and/or
access information on a device; ● Create a personalized content profile; ●
Select personalised content; ● Personalized ads, ad measurement and audience
insights; ● Product development. For some of the purposes above, our advertising
partners: ● Use precise geolocation data. Some of our partners rely on their
legitimate business interests to process personal data. View our advertising
partners if you wish to provide or deny consent for specific partners, review
the purposes each partner believes they have a legitimate interest for, and
object to such processing.
If you select Decline All, you will still be able to view content on this site
and you will still receive advertising, but the advertising will not be tailored
for you. You may change your setting whenever you see the Manage consent
preferences on this site.
Decline All
Allow All
Manage consent preferences