Is a Mississippi physician mortgage loan right for you?
Are you wondering if a Mississippi doctor mortgage is right for you? Take a second to consider the nature of your employment. Are you happily employed? Do you intend to stay in that job for years to come? Then making the commitment to a doctor mortgage can be a great choice, giving you access to easier financing for a home.
What is your opinion on perhaps taking on a higher interest rate? Some doctors may bristle at having to pay “extra” for financing. Others might see this as a good price to pay for the myriad benefits that come with physician loans.
If you’re a provider looking for a new home, check out these doctor loan programs in your search. Review your eligibility for these home financing programs and then speak to a realtor about using the NMLS to find a great place to live. Once you know what you qualify for, the home buying process may get much easier with doctor home loans.
Examples of physicians who take out doctor mortgages in Mississippi
Now let’s transition to taking a look at some of the doctors who are taking out these loans in Mississippi. You might find that their stories are very much like yours.
Doctor who is still saving up for a down payment
Tammy spent a lot of her own money and ran up a good deal of student debt to get through medical school. It was all worth it, as she is now about to start a residency at Forrest General Hospital in Hattiesburg. She wants to settle down now and purchase a home for her family since she likes the area and is certain she will want to stay in Hattiesburg for years to come.
She hasn’t been able to save enough for a down payment on a conventional loan, however, especially given the high prices in the housing market. A doctor mortgage is just the help she needs, allowing her to receive 100 percent financing and even approving her before she begins her residency.
A cardiologist who wants to maximize stock investments
Working as a cardiologist at University of Mississippi Medical Center is the culmination of years of dreaming for Shonda. Her reputation is great, she gets on with colleagues, and her income is more than respectable. She has even been able to make some investments and build up a respectable portfolio for retirement.
While she thinks it’s a good time to buy a home, she doesn’t necessarily want to liquidate any of her investments. Turning to a physician loan allows her to maximize her leverage, retain her holdings and add a home to her already impressive portfolio.
Looking for a physician loan in a different state?
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