We Can Help Medical Professionals Finance Their Next Mortgage
Are you a medical professional who is in the market for a new mortgage? If so, Veritas Funding can help! We offer a variety of loan programs to fit your specific needs and goals. We have 100 percent financing, down payment assistance programs, jumbo loans, long-term locks, and more. We are committed to helping medical professionals finance their next home purchase.
We understand that you may not have the time to research all of the different loan programs available or you might not even be aware of most of them. That's why our team of experts is here to help! We will work with you to find the best loan program for your specific situation. Relatively simple options you should consider include:
FHA Home Loan
An FHA home loan is backed by the government and might be a good option if you have limited savings or a lower credit score.
An FHA Loan is a mortgage that is insured by the Federal Housing Administration. The program is popular among first-time homebuyers because it allows for low down payments (as little as three percent of the purchase price) and relaxed credit.
VA Loans, also known as Veterans Affairs Loans or Military Home Loans, are mortgages backed by the Department of Veterans Affairs. VA Loans were created to specifically help America’s military personal purchase homes even when they may not otherwise qualify. In order to be eligible for a VA Loan, you must be either an active-duty service member, an honorably discharged Veteran who meets certain qualifications, someone who has served more than six years in the National Guard or the Selected Reserve, or a spouse of a service member who died in service.
Conventional Loans are the most common type of home loan, probably due to their many benefits – They generally have lower interest rates, more flexible loan terms, and fewer restrictions about what type of home you can buy. However, unlike FHA or VA Loans, Conventional Loans are not issued or guaranteed by the government but are instead backed by private lenders. This means your lender is responsible for your loan if you stop making payments, which is why lenders often have stronger qualification requirements for Conventional Loans.
There are many home loan options for medical professionals in addition to the ones mentioned above. If you're interested in seeing how Veritas Funding can help you finance your first home, refinance an existing loan, or help you finance your next home you can submit an application here! In the meantime, if you have any questions about Conventional Loans, please don’t hesitate to reach out to one of our Loan Officers for help.
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