Where to Get Physician Mortgage Loans

If you’re a business-minded professional looking for a mortgage loan with a competitive rate, you’re in luck. First Bank is pleased to be the place to secure physician mortgage loans. We offer professional mortgage loans for physicians, dentists, optometrists, Pharm.D pharmacists, ophthalmologists, podiatrists, osteopathologists, and veterinarians.

What is a Physician Mortgage Loan?

Physician mortgage loans are home loans that are designed to meet the needs of physicians that are just starting out. New physicians typically graduate college with a substantial amount of student loan debt, making it hard for them to qualify for loans. Physician mortgage loans are typically easier to qualify for because the lender takes into consideration the amount of money a physician will make once he or she graduates.

Professional Mortgage Loans from First Bank

First Bank offers professional mortgage loans for physicians looking to purchase a primary homes, details include:

No mortgage insurance required
No down payment required
Prepay your loan under no penalty
Seller contributions or gift funds of up to 3% of the purchase price may be used for closing costs
Maximum of 100% loan-to-value for purchase of primary home

For more information on physician mortgage loans, talk with with a First Bank mortgage loan officer.

Physician Mortgage Loans — Apply Today

First Bank offers two convenient ways for physicians to get mortgage loans. You can use our online application to apply for a loan. That means you don’t have to leave your own home to apply for a professional loan. Just gather your financial and property information and easily complete the application.

Or visit one of our 100 plus locations throughout the Carolinas.

Loans subject to credit approval.

———-

Sources:

NY Times: http://www.nytimes.com/2014/10/12/realestate/mortgages-for-physicians.html?_r=0

Investopedia: http://www.investopedia.com/terms/a/amortization.asp

Share:

Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.

First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Wondering Where to Get Mobile Merchant Services? Wondering where to get mobile merchant services for your business? First Bank can help you with all of your business needs, including in-store and mobile merchant services such as payment processing, reporting, and check collection. Find your nearest First Bank location today to find out how doing business can get a whole lot easier. Mobile Credit Card Processing Services at First Bank The ability to accept and process credit and debit card transactions is essential to doing business in today’s market. With an estimated 176 million credit card users in the United States, it’s important to make sure that your business is able to accommodate your customers. By providing a selection of payment options for your customers, you can simplify your business operations and increase your revenue. First Bank’s merchant services can help your business accept several different payment options in-store and mobile, including credit cards, debit cards, electronic checks, gift cards, and more. Our credit card processing can: Reducing payment risks Creating purchasing mobility Expanding your customer base Improving revenue capture Types of Merchant Services Available Here are a variety of merchant services that First Bank offers: Payment Processing & Management These payment processing and management services provide a pricing advantage with equipment and software that allow business owners to process payments through point-of-sale terminals, Internet, wireless, mobile, and integrated solutions. This includes products such as: Credit Card Processing: In-Store & Mobile Reconciliation & Reporting Streamline your payment processing operations with a user-friendly, online management and reporting system. This includes: Comprehensive activity reports that allow access to all your business payment card transactions. User controls that help to create your own reports based on needed required information. The ability to respond online to chargebacks and retrievals, including exporting reports to Excel for further analysis. Reports for adjustment history, authorizations, and merchant statements when you need it. Check Collection With a two-step verification process, you can increase the profitability of your business by reducing liability, get protected against losses, and increase your sales by securely and quickly accepting checks through our verification and guarantee. Get Mobile Merchant Services Today at Your Nearest First Bank Since 1935, First Bank has been helping businesses succeed in an increasingly competitive market. Visit your nearest branch today and see what our friendly staff 2 min read

Where to Get Small Business Loan Rates So you’ve decided to start a small business, and you have everything sorted out. Business plan…check, location, check. Small business loan rate quotes….not checked. Okay, so you have almost everything sorted out. You’re stuck on the next step—financing your business—and you aren’t sure where to get small business loan rates in your area. There are a lot of options for small business loans, but banks are still the best places you can go. If you live in NC or SC, you can move forward with your plans to open a small business quickly and easily. All you have to do is visit a First Bank location near you, and ask one of our experts about our small business loans. Rates can vary depending on the type of loan, so speaking with one of our experts is the best way to make sure you’re getting a rate that works for you. Loan Options at First Bank At First Bank, we understand that small business loans aren’t one size fits all. Different businesses have different needs, and that is why we offer a variety of small business loan options, including: A business credit card with rewards Lines of credit Business loans Commercial mortgages Construction loans SBA loans All of our loans are offered with flexible terms and highly competitive rates*. With First Bank, you won’t have to wonder where to get small business loan rates anymore. What’s Next? Now that you’ve gotten your finances figured out, what’s next? According to the U.S. Small Business Administration, you have 6 steps left: Determine the legal structure of your business Register a business name Get a tax identification number Register for state and local taxes Obtain business licenses and permits Understand employer responsibilities For more information on starting a small business or answers to questions like “where to get small business loan rates?”, visit your nearest First Bank location to talk to a business loan expert today. Loans subject to credit approval. ——— Sources: Bank Rate: http://www.bankrate.com/finance/personal-finance/3-ways-to-get-a-small-business-loan-1.aspx Small Business Administration: https://www.sba.gov/content/follow-these-steps-starting-business 2 min read

Southern Supreme Fruitcakes & More – Garage Startup to Global Distributer "I don't like Fruitcake" Not a fan of fruitcake? Neither was Berta Lou Scott until she perfected her version in the 1980s. Her Southern Supreme Fruitcakes have been converting fruitcake foes to fans ever since. Visit the Southern Supreme Fruitcake Online Store A Sweet Success Story Berta Lou Scott’s fruitcake started as Christmas gifts for her friends, family, and clients in their hometown of Bear Creek, NC. Mrs. Scott’s baked goods were always sought after throughout the holidays, but her fruitcake especially garnered attention for its ability to change the minds of those who claim to not like fruitcake. As demand for her fruitcakes increased Mrs. Scott’s late husband, Hoyt Scott, took out a small business loan to increase their production capacity. The Scott family tells their First Bank story like this: “It all started around 1989 when our father/father-in-law “Hoyt Scott” wanted to take out a small business loan. At that time Mr. Jimmie Garner was who we went to see. The story that Hoyt liked to tell was, “I didn’t know who the bigger fool was: the man who wanted to borrow the money to start a Fruitcake business or the man who would loan him the money.” That is what started our relationship with First Bank.” As it turns out they weren’t fools after all. Jimmie Garner went on to become the CEO of First Bank and Hoyt Scott (along with his family) grew Southern Supreme Fruitcakes from their garage to a 40,000 square foot manufacturing, distribution and retail operation where they attract thousands of tourists each year and ship their products globally. Play Not your typical Fruitcake Two big differences set Berta Lou Scott’s fruitcake apart from the rest. Her recipe favors nuts over candied fruit, and her method of slow baking and stirring the dough as it bakes keeps the cakes from becoming dry. In fact, Southern Supreme Fruitcakes will stay fresh and moist without refrigeration for 6 months to a year. This unique baking method has posed a unique set of challenges that the Scott Family has overcome with hard work and ingenuity – something that is on display throughout their manufacturing facility. Thousands of guests tour their kitchen yearly to get a first-hand view of the one-of-a-kind operation which involves a rotating oven that allows trays of dough to move from baking to hand-stirring every 15 minutes until complete. Teams of seasonal workers begin fruitcake production in August and at the height of the Christmas ordering season, they will slowly bake and stir over 3,000 pounds of fruitcake per day. Watch this video to see their kitchen in action > 4 min read

Small Business Startup Loans – South Carolina Building a successful business takes passion, hard work, and dedication, but you shouldn’t have to do it all on your own. With First Bank’s small business startup loans, you can get the funds you need to build and grow a successful business from the ground up. Get a Startup Loan from First Bank Small business startup loans aren’t one-size-fits-all and that’s why your local First Bank offers five business loan options to meet the unique needs of businesses like yours. Each of our credit options provides you with competitive rates and flexible terms, giving you an edge over the competition. We provide our customers with: A business credit card with rewards benefits that offers lower rates and no annual fee.* Lines of credit that give you the ability to access cash quickly and conveniently. Business loans for long-term financing so you can expand your new business easily and quickly. Commercial mortgages that can be customized to meet your individual needs. SBA loans, which are government-sponsored loans provided through First Bank. First Bank Success Story In 1918, Schofield’s Hardware Store in Florence, South Carolina, opened for the first time. Nearly 100 years later, Schofield’s is still providing its loyal Florence customers with a variety of products from clothing to paint. “Whether it’s a traditional business loan, credit line, commercial mortgage, construction loan or business credit card, First Bank can provide the foundation you need to become your own success story.” Our support for small businesses reaches well beyond startup loans. Check out our Financial Education Center to learn more about starting and running your own business, including: Evaluating a location for business potential Tips on marketing and social media strategies Cash management mistakes and how to avoid them Utilizing Google to help new customers find you Ways to grow a loyal customer base Visit First Bank Today Our resources for small business owners don’t end with startup loans. We also offer business checking accounts, savings accounts, treasury services, and more. To learn about our small business startup loans, visit one of First Bank’s South Carolina locations today. *See our Terms and Conditions for complete details on our One Rewards Program. Loans subject to credit approval. ——— Sources: Money Crashers: http://www.moneycrashers.com/new-home-construction-loan/ 2 min read

Where to Get Physician Mortgage Loans

Ready to talk to an expert?

What is a Physician Mortgage Loan?

Professional Mortgage Loans from First Bank

Physician Mortgage Loans — Apply Today

Ready to talk to an expert?

You may be interested in...