You want to make sure you use a lender with the expertise that can handle your transaction from the beginning to the end. Most physician’s situations just don’t fit into the normal guidelines. With a physician loan all the challenges can be detrimental if not handled correctly. Most loan officers have only had experience with any of these types of challenges and unique situations once in a while and your loan might be part of their learning experience.
An experienced lender asks the right questions and does not give you a simple prequalification, but rather does a full income and credit underwritten approval to ensure you will be successful and that the loan will close and close on time. An experienced lender also knows how to navigate around all the potential pit falls.