The Professional's in Physician home financing for
MEDICAL STUDENTS
If you plan to purchase a home upon graduating from Medical School, we have the program designed with you in mind.
What is a DoctorMortgage program and how does it benefit you as a graduating medical school student ?
The typical scenerio we hear from Residents is they graduate in May and are faced with a lot of student loans, some savings and and some assets. Their Residency program begins in July but they need a place to live in the new city, and prefer to make purchase of a home in May or June. In addition, they need to purchase with little or no money down while keeping their payents low. They are extremely busy with new assignments and tasks and need a smooth process with no hassles from a lender. Well, with that said, a typical lender operating under standard lending guidelines and practices will certainly be a problem.
However, with DOCTORMORTGAGEALLIANCE pointing you in the right direction you may very well be on your way to homeownership. The objective is to provide the Resident Physician with a mortgage best suited for their needs for the next 3-5 years while in residency. Most often this comes with a below market rate fixed for a minimum of 5 full years with NO Mortgage Insurance in the payment. The down payment requirment has been structured to allow the Resident (or practicing Physician) to purchase with 100% Financing - No Money Down.
Here is a review of strong points:
- Only available to MDs and DOs or soon to be MDs and DOs
- 100% Fiancing
- No Mortgage Insurance in payment
- Deferred student loans are not counted in qualifying
- Close on your home up to 60 days before beginning residency
- No pre-payment penalties
- Very attractive below market rates
- Low closing costs
- Flexible allowance for seller contributions
- Several loan term options suited for your special needs
- And let's not forget, Experienced Loan Officer's who's goal is to provide you with exceptional service !
Just as you specialize in one area, so do our professional Loan Officer's. They work with Doctors every day providing the highest level of service. Helping place families into new homes and making the transition as seamless as possible.
DoctorMortgageAlliance is the company you can trust, who understands your unique situation of today, and will be around tomorrow to assist again as you advance in your career. We are the leaders in Physician Loans and have over 25 years experience serving professionals like you !
