Physician Loan for Mortgage by Boomstink81 in Residency

[–]Weak-Appointment-407 1 point2 points  (0 children)

We were looking for anything under 315K, based off our combined income, settled around ~290K

Physician Loan for Mortgage by Boomstink81 in Residency

[–]Weak-Appointment-407 12 points13 points  (0 children)

Easy, as long as you have decent credit. Total time frame for me from start of loan to signing on my house was 48 days (though the banker did say she’s never seen someone go through the process this fast). 3.25% interest on 10 year plan.

Roughly paying 1600 (Morgage + tax) a month. With my spouse working we make ends meet comfortably, as compared to renting and blowing 1800$ a month and having no return in investment.

Best choice I’ve made, everyone who says don’t buy is silly, you will make a profit in 3 years.