After our second loan application was turned down, I felt hopeless

After our second loan application was turned down, I felt hopeless

We tried two conventional banks, and after spending several weeks frantically filling out paperwork and scanning hundreds of pages, we were rejected based on either my student loan debt or the fact I would not have a paycheck until July 14th. We wanted to move into our house before residency started! I called another bank asking if someone specialized in physician loans, and the lady said she had done one in her ten years.

We wanted a house to raise our family in and we had the finances for it, we were just being overlooked by underwriters who didn’t consider my earning potential in the future. After looking on White Coat Investor for advice on home loans, I saw that Dr. Dahle recommended this company, as he had several great experiences with them. I called Drake, where I told him I was a graduating medical student and how I could not get a loan. He told me, Steven, you’re in No-Man’s-Land. You don’t have a paycheck, so nobody wants to lend to you, and if you did find somebody who would, they look at your student loan debt and turn you away.’ Drake was able to explain how his company had underwriters who didn’t see physicians as everyday people. His company specializes in physician loans, and his underwriters have completed hundreds of loans for doctors (not one, like the other bank).

He gave us a better rate than the other banks were offering, and the costs were comparable. We had to fill out paperwork again, but this time, we trusted that Drake and his associates were going to get the job done. If we had any questions, Drake was quick to personally answer the phone.

Drake and his staff have been terrific, and I highly recommend them to other physicians, especially graduating medical students, before they get the run-around with lenders. Dr. Steven E. P., University of Washington Boise Internal Medicine

When choosing a lender, I didn’t understand how important availability would be, but when you have a burning question late at night and you have to work a 12 hour shift the next day, you don’t want to put it on the back-burner

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Thank you for giving me an opportunity to tell you and others how much I appreciated all the work that Josh and the team put in to assisting me. I have to say that Josh was absolutely wonderful to work with. This has been something that I have been view website wanting to do for some time, but found that I needed to do a few things before I could get my credit score where it needed to be. Josh walked me through the process, gave me suggestions and always made sure to follow up with me from time to time to see how I was coming along. It was much appreciated. Being first time home buyer can be very stressful your team made the process very easy and worry free. Dr. Camille Williams

At first I was nervous that I had shown my cards, telling him that I went to two lenders and they both rejected me, and I was expecting an outrageous rate and costs on the loan, but I was completely wrong

I promise to refer any of my friends who are looking for a home to you guys! You guys were seriously great and super quick so thank-you so so much. ?? Dr. Daniel and Amber Patty

I just wanted to thank you again for all the hard work and helping us secure funding for our new house! We are super excited and you and your team made the entire process painless. We plan to use you in the future and will definitely send all of our referrals in your direction. We appreciate you working with our situation and still securing us such a great loan. Dr. RJ Willmore

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