Hi, Has anyone used loans for nurses or physician assistants? Which banks would you recommend? Has anyone heard of Physican Bank?
This is one of the most common "unicorn" questions I get in the industry. Do they exist? Yes, technically, but for the most part, they are regional programs offered by small banks. Even our nationwide lending partners may only do it in a couple states or regions. The pricing is typically not that good, the overall offering is often no better than a normal low down payment conventional loan. The biggest draw for folks is the low-down payment typically, and often times, if the buyer does not yet have the 3-5% down payment required they may not actually be financially ready to buy a home anyway.