02 Jul Pros/Disadvantages off Flagstar Financial doctor mortgages

Key terms

• Scientific system graduates looking to get a property may a good loan of up to $1 million with one hundred% investment for earliest-date homeowners that have Flagstar Lender. (First-go out homebuyers are the ones whoever has perhaps not owned a house previously three-years).
• This option won't impede your credit score that have several inquiries.
• FYI: Flagstar Financial features comprehensive mortgage features that include both variable-rates mortgages (ARMs) and you can repaired-speed things.

Purchasing your first household can be an exciting milestone. You can accept toward a destination to call household and you may it is create your own. Whenever you are stuck having overwhelming amounts of student loans, not, sense so it moment shall be hard, if not impossible, to complete.

Research shows of several medical school students have between $200,one hundred thousand and you can $3 hundred,000 off student loan financial obligation in america, which will be devastating with regards to shifting financially. In the past, instance, NYU's 450 medical children paid off $twenty-five million for the university fees combined. As an individual, their express of the staggering number could well be preventing you from acquiring a traditional mortgage that needs quite a bit of currency off.