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The eMatchPhysicians Blog

eMatchPhysicians Partners with Bank of America for No Money Down Doctor Mortgage Loan Program

Posted on: Sunday, February 15, 2009

Leading virtual physician recruitment service, eMatchPhysicians™ is partnering with Bank of America to offer the No Money Down Doctor Mortgage Loan Program. The Doctor Loan program allows physicians or Dentists to purchase a home in most states with ZERO down and avoid the cost of Private Mortgage Insurance, PMI. In those states with declining values, such as California, Nevada, Arizona and Florida, the required down payment is still only 5 %.

Bank of America offers these special terms to doctors in order to make it easier for them to purchase a home shortly after making a career change or starting in a new position or practice. This program can help physicians to preserve assets, maximize tax advantages and settle into a home of their own, even if they are just getting started in their career.

“We feel it is in everyone’s best interest to give special treatment to those dedicated professionals who help their communities remain healthy and happy,” says Bank of America Mortgage Loan Officer, Frank Joseph. “Bank of America knows that after years of training for your profession, you want to take the next steps in life.”

We know that one of the most challenging parts of a move to a new job is finding a place to call home. In these tough economic times, Bank of America wants to make sure that practicing physicians don’t feel like they can’t move because of financial restrictions. Physicians just starting out in practice may qualify immediately for the program, while most people need to show two years of work history to qualify for any mortgage. Loan amounts up to $1 Million are available, with Fixed or Adjustable Rate Mortgages and the ability to forgo traditional Private Mortgage Insurance is an additional money saver on top of the no money down.

“This is a great incentive for physician recruiters to have in their toolkit,” explains Jessica Joseph, President of eMatchPhysicians.com. “We recommend printing this page and giving a copy to any potential out-of-town new hires, or providing them a link to this information in an e-mail.”

eMatchPhysicians and Bank of America are committed to providing solutions to help physicians. Contact Frank Joseph – Mortgage Loan Officer at 949-347-1728.

No Money Down Doctor Mortgage Loan

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