Thinking is if you may be placing lower than 20% down, then you’re a higher exposure so you’re able to mortgage currency to help you
“Even if the lowest if any money down selection for a health care provider financing audio appealing, it’s realistic to take on a down-payment for five-10% whenever you are financially capable to exercise. One of almost every other explanations, the newest zero deposit option might require a varying-price mortgage that could perhaps not suit your financial plans.”
Talking to Doug Crouse, who is a specialist for the doctor finance, he confides in us just how loan providers just who offer medical practitioner mortgages have a tendency to accept 0% down – and therefore rarely takes place in the present competitive home loan community: