Are you a medical resident moving to Northern Ohio? Are you an intern or resident doctor working with the Cleveland Clinic? University Hospitals?
The Physician’s Plus Program may be for you!
A Mortgage Solution for Medical Residents - Your Prescription for Home Ownership
This unique mortgage program is designed exclusively for intern and resident doctors, with good credit, but limited assets and high student loan debt.
Save Money with Low Down Payment and No Mortgage Insurance
With the incredible flexibility to borrow up to 95% of your purchase price, we’ve reduced the down payment pain associated with home ownership. Your days as an intern or resident can be tough, so you’ll appreciate the ease of bringing less cash to closing while also reducing your monthly payment by eliminating the need for mortgage insurance.
Financial Flexibility
In addition to a low down payment, funds used towards making the down payment or closing costs can come from different sources, such as gifts from family members or grants from an employer. Also, the seller or builder of the property can contribute up to 3% to pay certain closing costs or fees.
Potential Tax Benefit
Mortgage interest is tax deductible. An $8000 tax credit is also available for first time home buyers.*
*Consult your tax professional for more information on the tax credit. Certain restrictions apply.
See your Howard Hanna Finance Manager for a no-cost consultation.
Contact the Hisey Group at 440-315-6000 or RealEstate@HiseyGroup.com for more information on this fantastic program, and let us help you start your home search today! We will put you in touch with our team mortgage specialist for additional information!
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