How do the Arvest Physician Home Loans compare to other mortgage options?
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Compared to traditional mortgages, the Arvest Physician Home Loans in Kansas City offers several advantages for medical professionals, such as:
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- No PMI requirement: This can save you thousands of dollars over the life of the loan, especially if you have a little or no down payment.
- No origination or application fees: This can reduce your upfront costs and make the loan more affordable.
- Higher loan amounts: This can help you buy a more expensive home in Kansas City with little or no down payment.
- Leniency with regards to how student loan debt plays into the approval process.
- Approval with credit scores that are lower than most physician home lenders will accept.
- Lower interest rates: This can lower your monthly payments and overall interest costs, especially if you have a good credit score and financial history.
- Flexible payment options: This can give you more control over your cash flow and help you manage your debt during your residency or fellowship.
Compared to other physician home loans program offered by Kansas City banks or lenders, the Arvest loan also stands out in terms of its features and benefits, such as:
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- Ability to purchase a home up to 4 months in advance of starting your new job with a copy of an executed contract.
- No reserve requirement: This means you don’t need to have a certain amount of savings or assets to qualify for our physician home loans.
The professions we cover:
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- MD, DDS, DMD, Resident, Fellows, DO, OD
The four states that we serve:
