Buying or Selling with a Certified DRS Agent
As a real estate agent certified with the DRS Designation, I am part of a network endorsed by the AMA, ASA, and SOMA to assist doctors and graduating medical students looking to purchase or sell a home and I can connect you with lenders who offer 100% doctor loans.
HOMES FOR SALE
And because I am the mom of a new resident, I have a personal understanding of the demands of your career and know how valuable your time is. Add my 40+ years of having lived all over the region and it is easy for me to help you find the right home in the neighborhood that will suite your unique and specific needs.
100% Doctor Home Loans
Who qualifies?
Medical students who have matched, practicing physicians, dentists, and veterinarians.
When can I use it?
Purchasing a primary residence.
How much can I borrow?
100% financing for homes up to $1,000,000 (the threshold may be higher in some areas) and 5% down for homes up to $1.5 million.
Is private mortgage insurance required?
No PMI required.
What about my debt to income ratio?
These loans are designed to take into account high student debt.
What types of properties are allowed?
Flexible-including single family and condos.
What are the interest rates?
They are competitive with the current rates on traditional mortgages.
Banks with 100% Doctor Loans
Washington Trust Mortgage Matt Chabot
Vice President, Private Mortgage Banker
25 Mall Road, Suite 408
Burlington, MA 01083
mechabot@washtrustmortgage.com
Areas covered: Massachusetts, Connecticut, Rhode Island, Southern New Hampshire, can provide resources for other states upon request
TD Bank Neil Surgenor
Mortgage Loan Officer | Physician Loan Specialist
Including Massachusetts
535 Crescent Ave, Ramsey, NJ 07446
M: 212-933-9900
TD Bank Sean Perkins
Wealth Mortgage Loan Officer | Physician Loan Certified
One Union Street, Boston, MA 02108
M: 774-502-6619
Check out Matt’s explanation of 100% doctor’s loans at our recent Webinar:
Other Sources of Financial Help
Sources for moving expenses and closing costs:
- Gifts
- Leftover student loan amounts
- Residency loan up to $30,000 to cover board examination fees, travel, and moving expenses for your medical residency. You can defer payment for up to 3 years after graduation. Read More Information.
- Check with your hospital for loan programs that can be used to buy a home.
How to postpone or defer student loan during residency: Read More Information.
Rental Options
Great places for physicians to rent in the greater Springfield Area
Rental Map Search
Rentals listed on MLS within 7 miles of Baystate Medical Center and Mercy Medical Center that are currently available.
MayField Place
1 Gardner’s Way Enfield, CT 06082
*Waiting List – Apply ASAP
No Pets
Approximately 9 miles from Baystate Medical Center – 20 minutes
The Willows
19 Lockhouse Road, Westfield, MA 01089
Allows large breed dogs
Approximately 11.5 miles from Baystate Medical Center – 15 minutes
Bigelow Commons
55 Main Street, Enfield, CT 06082
3 pets allowed (cats and dogs only)
Approximately 10.5 from Baystate Medical Center – 20 minutes
Coming to the Area?
Tours
If you would like to explore the Greater Springfield, Northampton, or Greenfield area I am happy to provide a courtesy tour based on your unique interests and goals. I enjoy showing off our area to time constrained professionals and it is my promise to treat you as I would my MD-to-be daughter who is considering relocating to an area, without any sales chatter! It would be a pleasure to help!!
Hungry? A few of my local favorites
Springfield
The Student Prince and the Fort
Springfield, German - If Jeff is your server say hello for me!
Springfield staple, Italian restaurant that can seat large parties.
Middle Eastern.
Westfield
Westfield – yummy, order at the counter.
Puerto Rican with GREAT chicken but service can be glacial or amazing, you can order take out – but be sure to call before you go to make sure they have food left, they sell out early.
West Springfield
Huge salads.
Breakfast and lunch, a local favorite.
Took over an old Friendly's, much the same fair but add beer.
Northampton
Breakfast and lunch, often crowded.
Order at the counter, love lunch their but portions can be on the smaller side.
Order at the counter. More lunch, early dinner. Love the Nantucket sandwich.
Yummy dinners with odd hours.
Pizza and more, sit down or take out – the combo pizza is my go to.
Order at the counter. So popular!
Classic and delicious for dinner with an emphasis on seafood.
Best ice cream!
Connect