I know that many of us are looking into purchasing homes soon, so I just wanted to give everyone a heads up on what I found. After look at my credit union, a mortgage broker, and many online web sites, the best mortgage program I found was with Bank of America. It is one of the "doctor loans."
I just went through the whole process with the Bank of America. First, this really is a great program. The main highlights of the program are 100% financing, no down payment, no PMI. Also, they do not count your medical school loans when factoring your debt. The other big bonus is, contrary to many other lenders, they will let you close on the house about 2 months prior to the start of your residency (let you close without a paycheck).
The account manager that I used is David Benson. He is extremely helpful, especially if you are a bit confused. His phone number is 800-685-9398. You can probably go through any account manager, but he specializes in the Medical Worker Flex program and knows all about medical school, the match, and residency.
If you call him even just to talk about the program, PLEASE PLEASE tell him that Skip Alderson referred you. It would REALLY help me out. Thanks in advanced.
Good luck.
I just went through the whole process with the Bank of America. First, this really is a great program. The main highlights of the program are 100% financing, no down payment, no PMI. Also, they do not count your medical school loans when factoring your debt. The other big bonus is, contrary to many other lenders, they will let you close on the house about 2 months prior to the start of your residency (let you close without a paycheck).
The account manager that I used is David Benson. He is extremely helpful, especially if you are a bit confused. His phone number is 800-685-9398. You can probably go through any account manager, but he specializes in the Medical Worker Flex program and knows all about medical school, the match, and residency.
If you call him even just to talk about the program, PLEASE PLEASE tell him that Skip Alderson referred you. It would REALLY help me out. Thanks in advanced.
Good luck.