Match Day

It is that time of year again. No, we are not talking about St. Patrick’s Day shenanigans. There is a bigger day of celebration for medical professionals mid-march. That day is “Match Day”. Match day, which falls on the third Friday of March, is when the National Resident Matching Program (also known as NRMP) notifies medical students seeking fellowship training and residency positions which training program from a United States teaching hospital that they have been matched. MUSC in Charleston takes Match Day festivities to the next level with some great themed celebrations like they did in 2018.

Doctor Loans

All of that being said it is very common for newly relocating medical professional to begin seeking housing in their newly adopted city. With rent prices in many markets exceeding the cost of home ownership many medical professionals are finding it more feasible to purchase. For this, a product was created that is often referred to as “The Doctor Loan” there are many perks to this doctor loan such as 100% financing (no money down) No mortgage insurance (PMI) and depending on the lending institution some banks will overlook student loans and other related debt when weighing the potential borrowers financial qualification. Historically this program has only pertained to newly graduated Doctors in their residency.

Home Financing For Medical Professionals

Speaking to my friends at Fidelity Bank this week I have caught wind of a new spin on this program to further include many other practicing Medical Professionals to realize the benefits of the “Doctor Loan” product. Fidelity is now offering a comparable product to the following medical professionals:

• Medical Doctors

• Doctors of Osteopathy

• Dentists

• Pharmacist

• Veterinarians

• Physician Assistants

• Licensed Resident Fellowships

Here are the highlights of the program:

• Up to 100% Financing

• No Private Mortgage Insurance Required

• Loan Amounts up to $1,500,000 (Jumbo Loans)

• Eligible to borrowers our of Residency/Fellowship less than 10 years

SPEAK TO A PROFESSIONAL ABOUT THIS PROGRAM