For an in depth explanation of the process of shopping for a mortgage check out our class below.

This course is tailored towards physician loans, but you can use this exact process to shop for a traditional conforming conventional mortgages as well. If you want to work with companies we have personally, shopped, vetted, and have real life experience with -Meaning we know at least 2 people (either personal clients or friends) who have done a loan with that specific loan officer, click HERE.  One thing we have learned over the years is that the product and quality of your experience with a bank varies greatly from loan officer to loan officer, even if they work for the same bank.

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We had a client once that decided they wanted to get a head start on getting a physician loan. They had heard somewhere a specific bank did physician loans, so they walked into the local branch and did a general application with a loan officer. When they finally connected with us we asked if they had been prequalified anywhere. They said yes- with Bank XXX. we said "great" are you working with XXX loan officer? They told us no. We did not think this would be an issue until we  started shopping around and noticed that this company's physician loan rate, which typically won with most my other clients, was not even coming close to competing.  I reached out to the "physician loan guy" at that bank that I typically used and asked why this other loan officer at his same company had a rate that was not as good as his.  

He said that because he did so much volume for the company they gave his clients a better deal than the general market as a marketing incentive for his team.

When she found out the product was not the same, the bank would not let her transfer her application to the "Physician Loan Guy" and take away a "lead" from that original loan officer. Luckily through our shopping process we were able to get another physician loan bank to match the rate she could have got with the "physician loan guy" and went with a different bank completely. So we were able to make it work out in the end.

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You can find Physician Loan Lenders on the White Coat Investor Website. But keep in mind they pay THOUSANDS in marketing a year to be named on that page- so take those recommendations with a grain of salt. We can tell you right now half of the physician loan products offered on that page are not true physician loans and wrap in mortgage insurance in the rate. If someone shops and compares it becomes clear which ones are, and are not true physicians loans, because the overall rate and cost at some banks are much lower than others. We can also tell you some loan officers listed on that page are top quality that we recommend our clients to, while others have provided horrible experiences for our clients. We always recommend shopping at least 3 loan products and try to work with a loan officer you can get a personal real life recommendation from. If you work with someone and cannot talk to someone who has recently worked with that person, (Including us- feel free to message us) proceed at your own risk.