Whether you just passed your boards or whether you have been in practice for years, when you are buying a home in Cincinnati you have options when it comes to financing.
Are you a Resident, Fellow, or New Physician?
Are you currently in residency or set to begin new residency within 90 days of the closing date OR scheduled to complete medical residency/fellowship and under contract to work within 90 days of the closing
date OR have commenced work within the last 12 months with a hospital, physician group?
You may be able to get financing up to 100% of the home value on a new purchase, up to $500,000 or 95% up to $1 million.
Established in Medicine?
Are you a licensed doctor who has been employed as a non-Intern/Resident/Fellow for at least 12 months
by a hospital or physician group or self-employed for at least 2 years as an MD or DO?
You may be able to get financing up to 100% of the home value on a new purchase up to $650,000. Or refinance a 100% loan-to-value up to $650,000, 90% up to $1 million, or 85% up to $1.5 million.
For more information about the Physician's Loan Program, call Aaron Smith with Greater Cincy Homes at 859-360-9997 or send us a message at GreaterCincyHomes.net.
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