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We’re passionate about helping Medical Professionals succeed!
You have unique situations that can often stump conventional mortgage lenders. Our specialized programs are designed to get you into the home of your dreams. We deliver solutions, transparency & quick responses to your questions.
We close in as little as 17 days - all while giving you a consistently remarkable mortgage experience.
Loan program now available to Physicians, RN, CRNA, PA, DPT, DMD, DVM, DDS, Pharmacists, JD, and several other professionals.
Mortgage Programs for Professionals
- 95% financing options up to $1M & 90% up to $1.5M
- Save thousands, no mortgage insurance!
- Qualify with deferred or IBR student loans
- Able to close up to 90 days prior to start of employment contract
- Gifted or borrowed down payment okay
We wrote the book on physician home loans, literally. Get yours free today!
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Physician vs. Conventional Mortgage: Which One is Better for you?
If you are a physician or soon-to-be doctor, it’s very possible that you are struggling to pay off medical school debt, making it difficult for you to purchase a home. Many people believe that doctors are wealthy and would never have trouble buying a house. This is not true for many doctors who are just beginning […]
Match Day 2023: The Benefits Of Relocating With A Physician Home Loan
There’s a lot at stake for the over 50,000 resident physician applicants that the National Resident Matching Program provides matching services to every year. After eight years of schooling and hundreds of thousands of dollars in education costs, these new residents uproot their lives to move across the country for a new job in just […]
Have Med School Debt And Looking To Buy A Home? Here Are Your Options
Young doctors with mountains of school debt already coping with workplace stress feel even more stress about the daunting challenge of buying a new home than the average consumer. If you’re looking to buy a home, you may be wondering how your student loan debt could impact those plans. Do you have to wait until you’ve […]
2022 Mortgage Programs for Physicians and Medical Professionals
If you are a new or established physician or other medical professional and you’re considering home ownership, NEO Home Loans’ physician mortgage programs might be the right fit for you. Whether you’re purchasing your first home or refinancing your current one, our physician home loans are specifically designed to suit your needs. What is a […]
Physician Home Loans Now Available for J-1 Visa Holders
NEO Home Loans is excited to announce that our medical professional mortgage programs are now available to J-1 visa holders! Physicians and medical professionals who are in the United States on this exchange visitor program are now eligible to qualify for a Conventional mortgage through NEO Home Loans. To qualify, participants will need: – DS-2019 […]
2021 Mortgage Financing Guide for Physicians
The physician mortgage loan was born to overcome the challenges many physicians face, including significant personal and student loan indebtedness, limited down payment availability, and in many instances a desire to close on a new home before starting a new, higher paying position. These programs allow doctors and other medical professionals to secure home financing […]
Finally, a Personal Banking Solution Designed for Medical Professionals
Over the years we have helped thousands of physicians and medical professionals navigate the landmines that come with financing a home, so we have become very familiar with their finances and the money-management constraints they often find themselves under. The reality is, with work and family responsibilities taking up most of their time, banking is […]
Are You Afraid Of Today’s Home Prices?
As a medical professional, are you afraid of today’s home prices? According to the most recent data out of the Federal Housing Finance Agency (FHFA) that tracks home values all across the country, average home prices in the United States went up 0.9% in August 2020. 0.9% in one month! If we look back over […]
Owning a Medical Office Building – Top 10 Questions Answered
Today’s article is a guest post by Jake Breen with Berkshire Hathaway Utah Properties and John Mastakas with Metro Commercial Finance. In a previous article, we discussed how owning your own medical office building can significantly increase your cash flow and why it should be a key part of your business model as a medical […]
Why You Should Own Your Own Medical Office Building
Today’s article is a guest post by Jake Breen with Berkshire Hathaway Utah Properties and John Mastakas with Metro Commercial Finance. If you’re like most private- and group-practice doctors and medical professionals, paying rent is probably one of your biggest operating expenses after labor costs. As the owner of a medical practice, it’s very likely […]
Physicians Beware – The Coronavirus Has Created A Full-Blown Mortgage Crisis
Mortgage lenders and their loan products are disappearing from the market at an alarming pace (seemingly faster than the Great Recession). Most of the nuances behind why this is happening are irrelevant, but it is vital every potential home buyer and mortgage seeker understands the basics and uses that knowledge to protect themselves and their […]
Why Do Physician Home Loans Fail?
The mortgage world has been turned on its head because of the skyrocketing number of unemployed. Jobless claims in America are now estimated to be nearing 28 million or about 17% of the country. As a physician, your job is likely very secure. But the reality is the entire mortgage world has turned to what […]
Doctor Mortgage Declined? Follow These Tips.
Here are three tips to follow to ensure you are able to qualify for a doctor mortgage loan.
When Is the Economy Going to Recover?
If you are like most of the physicians we advise, the following questions are likely rolling around in your head: “Is this a golden opportunity to capture a near record-low fixed mortgage rate?” “Is this the time to find a seller who is fearful and motivated to sell quickly?” “Is this what Warren Buffet is […]
Will All Those Job Losses Kill the Real Estate Market?
Certainly one of the most frightening and unfortunate images to come out of the COVID-19 pandemic is the graph showing the millions of initial jobless claims in the United States. You may be thinking millions of unemployed Americans cannot be good for the real estate market. Common sense would tell us a full labor force […]
COVID-19 Is Not Making It Any Easier For Doctors to Buy a Home
The real estate market has been remarkably resilient to the COVID-19 situation thus far. The most recently released numbers from the Case – Shiller Home Price Index (released on March 31st 2020) show 3.9% annual price gains. That’s up .2% from the previous month. Housing demand continues to outpace the number of homes being listed […]
Physician Relocation 2020: More Landmines than Ever
Physician relocation season is quickly approaching, and there have never been more challenges related to finding and financing a new home than there are today. In years past mortgage credit was abundant and easy to find; 2020 is shaping up to be a very different landscape. The changing mortgage credit markets have nothing to do […]
Physician Mortgage Loans in 2021
We’ve gathered all the unique features of these loan programs for you so you can be fully informed as you begin your home buying process.
Take Advantage of Record-Low Interest Rates!
It’s time to take advantage of today’s record-low mortgage interest rates! There’s an incredible anomaly happening right now in the mortgage and real estate world. Homeowner equity is at an all-time high, and there’s a great chance you have more equity in your home than you even know. This rarity comes at the perfect time. […]
2020 Recession and Housing Crash (Is This the Year?)
The gruelingly painful memory of the Great Recession has kept many would-be homebuyers sidelined as renters and many potential move-up buyers waiting to time the market before they make their move. The current economic recovery is the longest on record and continues to climb a wall of worry and doubt. Many potential homebuyers continue to […]
The Real Estate and Housing Market in 2020
You and your family should NOT be concerned about the real estate and housing market in 2020. Finding a home and getting a mortgage can be confusing, hard, and frustrating at times – especially with so many opinions online. But it doesn’t have to be! Let me make this incredibly simple for you. Take a […]
Why Physician Home Loans Fail – How To Avoid The Land Mines For A Flawless Home Purchase
Table Of Contents INTRODUCTION CHAPTER 1: THE RENT-VERSUS-BUY CONUNDRUM CHAPTER 2: WHERE DO I START? FIND A REALTOR OR A LOAN OFFICER? CHAPTER 3: THE PHYSICIAN HOME LOAN CHAPTER 4: HOME LOAN OPTIONS FOR THE GRADUATING MED STUDENT GOING INTO RESIDENCY CHAPTER 5: HOME LOAN OPTIONS FOR THE RESIDENT OR FELLOW GOING INTO PRACTICE CHAPTER […]
Doctor Mortgage Decline – Why They Happen & How You Can Avoid It
It was the phone call I received from a young incoming resident physician whom had just been declined by another bank for his home loan (the day before he was supposed to close) that motivated me to write the book Why Physician Home Loans Fail – How To Avoid The Landmines For a Flawless Home […]
Why A Medical Professional Loan Is Better Than A Conventional Or FHA Mortgage (5 Facts You Should Know)
Medical professionals face several unique challenges when buying a home and applying for a conventional or FHA mortgage loan. Until recently, physician home loans or doctor mortgages were only available to M.D. and DMD, excluding many other medical professionals with similar needs. Now medical professionals have options outside conventional and FHA loans to help them […]
Doctor Mortgages 2019 – What’s Changed & What You Need to Know Now
Never have there been so many options for physicians seeking a mortgage. Banks have come out of the woodworks to offer doctor or physician mortgages as they are so often called. In a nutshell, these loans make it easier for doctors to qualify for mortgage financing. How does a physician mortgage make it easier to […]
Are doctor construction loans available?
Are doctor construction mortgages available? Those would be loans that have special underwriting guidelines for doctors, and physicians, that are used to buy the land, and do the vertical construction of the home. That is a more onerous process when you talk about construction loans, because not only is the bank, or the institution, making […]
Speed to Close & Communication Keeps Our Doctor Mortgage Clients Happy
In May 2017 we were honored to help 127 families into their new homes across 49 states. We recognize that the intense seller’s market has made it harder than it was before to realize the dream of home ownership. We are grateful to have an insanely fast underwriting and closing process, averaging just 17.4 days from written […]
Dr. John Ramey – should residents avoid buying a home?
Josh Mettle: That’s a great point. A couple of thoughts: I agree with you. It’s absolutely an individual decision, and I think that the comments on some of the websites that just talk about avoiding buying a house as a resident misses the mark just a little bit, although I do believe it’s well-intentioned. But […]
Eric Tait – must know info before investing in real estate
https://youtu.be/pNlVku_hFNg Eric Tait: Yes, absolutely. I wrote that article to demystify the process of real estate investing. I didn’t write it to tell people to go out there and buy single-family homes. But for the average physician, most of us have experience of buying a single-family home for our personal residence. Some of us have […]
Young MDs – what FICO score is needed to buy a home?
In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some millennials – including young doctors, dentists, pharmacists, attorneys and physician assistants – are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica Lautz, the […]
Should I pay a mortgage interest rate over 4%?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact […]
Homeowner’s net worth in 2016 45x greater than a renter
Did you catch what our headline said? It bears repeating: A homeowner’s net worth in 2016 will be 45 times greater than a renter’s net worth: Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data […]
Why so much paperwork when applying for a mortgage?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told […]
The news is not good for renters
This is the third and last installment on our series on the rent crisis. Go here to read the first post, Rent crisis – what does it mean for you? Be sure and check out the second article, Need another reason to buy your own home? These are just a few headlines in the last […]
Need another reason to buy your own home?
This is the second post on the rental crisis and how it could impact you and your family. To read the first post, click here. Business Insider’s recent article’s headline screams “Soaring rents are a problem that will only get worse“. Rents are going up fast, wages are stagnant and rental demand are skyrocketing. The […]
How fast are homes selling in your state?
Homes in Alaska, California, Colorado, Massachusetts, Michigan, North Dakota, Oregon, South Dakota, Texas, Utah and Washington sold in 30 days or less in July through August. Homes in 28 states sold in 31 to 60 days in 28 states. Homes sold in less than 60 days in 39 out of 50 states and Washington D.C. One […]
