TD Bank recently announced a new mortgage program specifically designed for physicians. The program offers a variety of benefits to help physicians purchase a home, including lower down payments, reduced closing costs, and more flexible repayment terms.
The program is available to physicians who are employed by a hospital, clinic, or other healthcare facility. It is also available to physicians who are in the process of completing their residency or fellowship.
The program offers a variety of benefits to help physicians purchase a home. For example, physicians can qualify for a lower down payment of just 5%, compared to the standard 20% down payment required for most mortgages. Additionally, TD Bank will cover up to $2,500 in closing costs, which can help reduce the overall cost of the loan.
The program also offers more flexible repayment terms. Physicians can choose from a variety of repayment options, including a fixed-rate mortgage, an adjustable-rate mortgage, or an interest-only loan. This allows physicians to choose the repayment option that best fits their financial situation.
Finally, TD Bank offers a variety of other benefits to help physicians purchase a home. For example, physicians can qualify for a special physician mortgage rate, which is lower than the standard mortgage rate. Additionally, TD Bank offers a physician loan program, which allows physicians to borrow up to 100% of the purchase price of the home.
Overall, TD Bank’s new mortgage program for physicians is a great way for physicians to purchase a home. The program offers a variety of benefits, including lower down payments, reduced closing costs, and more flexible repayment terms. Additionally, TD Bank offers a variety of other benefits to help physicians purchase a home.
