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Doctors, Lawyers and CPA's… Buy a Home With No Money Down |
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Key Benefits
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A new program made available exclusively to doctors has the mortgage industry talking. If you are a doctor, attorney or accountant you can get home mortgage financing with no down payment up to $500,000 with NO MORTGAGE INSURANCE! This program is specifically designed to meet the needs of professionals. If you have had difficulty getting the home you want because of student loans you’ll be happy to know that this program does not count deferred student loan payments when qualifying. |
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John and Candi wanted to buy a home but they had some problems which they could not overcome. Just three years out of law school, Candi was rising through the ranks of her firm very fast, and her rising income was helping her pay down her substantial student loans. However, they were giving up huge sums to income taxes. They needed a tax shelter, and a home of their own was the smartest way to go, but they didn’t have a lot of cash for the down payment. A friend referred them to Ellie and Charlie Fogle of Nations Home Funding for help getting a home and a loan that would fit their situation. We took a look at their situation and recommended a zero down payment home loan program specifically for licensed professionals. This unique program allows licensed professionals such as doctors, lawyers, accountants, engineers, and architects to buy homes with now down payment, up to a maximum of $330,000. John and Candi were pre-approved for their loan in just two days. Then John and Candi used the Home Finder service to gather information about all of the homes that fit their needs, including three or more acres for the horses Candi would someday own. In less than a week, using Home Finder service, John and Candi found their dream home on five acres, a beautifully updated home with a garage for John go-carts (his hobby) and a two-stall stable for Candi’s horses. We showed showed them how to buy that home at a great price, and have the seller pay all of their closing costs. Then they brought down their interest rate with extra points that they rolled into the loan. Now they are living in their lovely country home for a house payment cheaper than the rent the used to pay, and they cut their income taxes by over $5500 a year.
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