The Doctor Loan Program
A Unique Mortgage Loan for Doctors
Nothing in your medical training has prepared you for this moment.
Your first experience with the home purchase process will most likely be completely foreign to you. You may be on the clock, however, because you have accepted an offer to practice in a new position out of state.
You may have spoken to lenders about possible loan options and tried to get a conventional loan but because you are coming out of residency or your fellowship, every bank has denied you due to your short work history. Needless to say countless other physicians are in the same boat with no one to help them navigate through these rough waters. Besides the difficulty of obtaining a home loan, they also needed a Realtor with a proven track record of success in winning offers for physicians who face stiff competition against offers with larger, often cash, down payments.
We decided to address both issues by starting MovingDr’s.com. Our goal has always been to save physicians time, money, and a whole lot of stress, and we proud of what we’ve been able to accomplish in such a short time.
We’re changing the way physicians buy and sell real estate.
The Doctor LoanWith The Benefits Doctors Want:
- 100% Financing – No Money Down
- No PMI – Lower Monthly Payments
- No Pre-Payment Penalty
- Flexible Loan Programs – Choose the payment option that is Best for you
- Move in up to 90+ days prior to starting your next position
- A true loan for Doctors with special underwriting
The Doctor Loan is a great loan for doctors regardless of whether they are just out of medical school, in residency, or for physicians who have been in practice for many years.
ResidentsThe Right Mortgage Loan for Resident Physicians
Are you a 1st year resident? Or maybe you are in the final year of your 5 year of residency? No matter where you are in your residency, we will connect you with our physician lending partners to match a program that is the best option for you. We offer the most stability and the most flexibility which is important during a period in your life when the only constant is change.
Your financial position can vary widely over the 3 – 5 year residency period. Depending on your program year, the size of house you are buying may vary widely as well. Just as you specialize in one area, so do our agents. We work with doctors every day providing the highest level of service. You will work with trained experts who understand your unique situation.
We are the company you can trust to take care of you and we look forward to continue to work with you over the years as you continue to grow. Take the next steps and schedule a consultation with Gretchen Coley or Christian Beca.
The Right Physician Loan for Medical Students
If you plan to buy a home upon graduating from Medical School, there are options for you. There are many companies that market to graduating medical students, but the truth is that they do not have TRUE Physician Loan programs to offer.
So what is the Physician Loan program and how does it benefit you as a graduating medical school student?
The typical scenario is that you will graduate around May, with a lot of student loans and maybe some savings and assets, but not much. You are scheduled to begin your residency in July, yet wish to purchase a respectable home in May or June, even though your debt ratios may be a bit high for now. You also would like to purchase with little or no money down, and wish to keep your payments as low as possible. Not to mention, you are extremely busy during this time period, so you need a smooth and hassle free process with NO surprises. The goal is to get the best loan you can for the next 3 – 5 years while you are in residency. While this profile may not be accurate for all medical students, it certainly is the majority. Scheduling a consultation with Gretchen Coley or Christian Beca is what you need!
