![]() ![]() ![]() Eliminating this could mean savings of thousands or even hundreds of thousands of dollars when purchasing a home.īut this is not the case with a physician mortgage! As a health professional, you could qualify for 0% down with a doctor mortgage, depending on the total cost of the home. Usually with a conventional mortgage borrowers need to bring at least 20% of the home’s cost to the table during closing. Here are three of the primary benefits of a physician mortgage in Hawaii. Luckily, this is not a deterrent to qualifying for a physician mortgage. Typically, professionals in the medical field have high income and high debt, due to large amounts of student loans. Anyone who has an MD, DO, DDS, DP, DPM, OD, DVM, DC or PharmD designation can qualify too. For this reason, it’s often called a doctor mortgage.īut as mentioned, these types of loans aren’t just for doctors. In Hawaii, a physician home mortgage is a loan program specifically designed for medical professionals such as dentists, nurses, veterinarians and doctors. Is a doctor mortgage in Hawaii right for you? What is a Hawaii physician mortgage loan? Read on to learn more about what a physician loan in Hawaii includes and what it could mean for your dreams of homeownership.ģ. ![]() Yes, even with high amounts of graduate school student loan debt, it is still possible to get attractive perks like 0% down and no PMI on your home loan. The physician mortgage loan in Hawaii allows medical professionals to take advantage of exclusive perks and benefits unique to their financial situation. If you’re a doctor or dentist hoping to buy a home in Hawaii, you’ll find a special home loan program just for you. The state is known for its beautiful beaches, clean white shores and its vacation lifestyle all year long. The Aloha state is home to a population of just over 1.4 million residents. Take advantage of generous terms and underwriting options even with high amounts of student loan debt.Receive up to 100% financing for loans of $1 million or more as a doctor, dentist, nurse or other qualifying health professional.Physicians in Hawaii could get 0% down payment or low down payment options plus no private mortgage insurance (PMI) with a doctor mortgage.Student Loan Forgiveness Calculator (w/ New REPAYE). ![]()
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