What Loan Options are Available for Doctors Buying a Home in Michigan?
TLDR Summary:
• Doctors have unique loan options with low down payments and favorable terms.
• Physician loans often don’t require private mortgage insurance (PMI).
• Michigan neighborhoods like Livonia and Canton are popular among doctors.
• Loan rates and terms can vary; compare offers from multiple lenders.
• Consider market conditions and home values in Southeast Michigan before buying.
Should I Buy a Home During Residency or Wait Until I’m an Attending?
TLDR Summary:
• Buying a home during residency can offer stability but may strain finances.
• Waiting until you're an attending provides more financial security.
• Consider the Southeast Michigan housing market trends.
• Evaluate local neighborhoods like Plymouth and Canton for potential homes.
• Consult with a real estate expert to weigh personal and market factors.