You’ve worked hard to become a physician and with that comes its benefits. Along with the satisfaction that comes with helping others, you’re also eligible for substantial discounts when purchasing a home. When you work with certified mortgage planner Ed Currie, you’ll receive a non-construction loan mortgage up to $850,000 with no money down and no PMI requirement!
Who Is Eligible?
If you have one of the following degrees or are a medical resident in one of these programs, you are eligible for the Physician’s Loan Program: Medical Doctor (MD), Doctor of Dental Science (DDS), Doctor of Dental Medicine or Surgeon (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Podiatric Medicine (DPM), or Doctor of Osteopathy (DO).
What Are The Benefits Of A Physician’s Home Loan?
The program offers eligible physicians a no-down-payment loan with no mortgage insurance. Mortgage insurance is generally required when the down payment is less than 20 percent. The average cost of private mortgage insurance, or PMI, for a conventional home loan ranges from 0.58 percent to 1.86 percent of the original loan amount per year, so this part of the program is a substantial benefit.
While now is a great time to look for a home, it can also bring a host of potentially confusing obstacles. Ed Currie is a Certified Mortgage Planner who is here to help you navigate this important decision with confidence and ease. We offer both adjustable and fixed rate mortgages, and our rates are incredibly competitive. And because of our experience, we’re also able to give physicians the opportunity for construction loans in our program so you can build the home of your dreams.
Call us today at 847-214-2404 for a free consultation. We’ll help you take the first crucial steps toward owning your future home. For more tips and our latest updates, check us out on Facebook, Twitter, LinkedIn or Pinterest!