Buying a home as a physician or dentist comes with unique challenges. After years of medical school, residency, and fellowship, many healthcare professionals have strong earning potential but limited savings for a large down payment. That's exactly why physician loans were created.
In a recent conversation, Seattle-area Realtor Alina Araujo sat down with mortgage specialist Laura Rench of KeyBank to discuss how physician loans can help doctors and dentists purchase homes with greater flexibility.
Some of the key topics covered include:
- Low down payment options
- No private mortgage insurance (PMI) on many physician loan programs
- Using a new employment contract or offer letter as qualifying income
- How student loans are treated during the approval process
- Credit score and reserve requirements
- Purchasing a new home before selling an existing one
- Special considerations for physicians relocating to the Seattle area
If you're a physician, dentist, resident, or fellow planning a move to the Seattle area, this video provides valuable insight into a financing program designed specifically for your profession.
▶️ Click the image above to watch the full video and learn whether a physician loan could help you achieve your homeownership goals.
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