Shaun McLean | William Raveis Logo

Physicians

Doctors

Buying or Selling with a Certified DRS Agent DRS Agent logo

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.

Physicians

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 $850,000 (the threshold may be higher in some areas) and 5% down for homes over that amount.

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 Logo

Washington Trust Mortgage

RMLS#26850

Vice President, Private Mortgage Banker

25 Mall Road, Suite 408
Burlington, MA 01083

(781) 328-6713

mechabot@washtrustmortgage.com

Areas covered: Massachusetts, Connecticut, Rhode Island, Southern New Hampshire, can provide resources for other states upon request

TD Bank Sean Perkins Logo

TD Bank Sean Perkins

Wealth Mortgage Loan Officer | Physician Loan Certified Mailstop: MA2-187-020 | One Union Street, Boston, MA 02108

M: 774-502-6619

sean.perkins@td.com

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

Map Search

Rental Map Search

Rentals listed on MLS within 7 miles of Baystate Medical Center and Mercy Medical Center that are currently available.

Search Listings

MayField Place

MayField Place

1 Gardner’s Way Enfield, CT 06082

860-879-3266

*Waiting List – Apply ASAP
No Pets
Approximately 9 miles from Baystate Medical Center – 20 minutes

Visit Website

The Willows

The Willows

19 Lockhouse Road, Westfield, MA 01089

413-889-3050

Allows large breed dogs
Approximately 11.5 miles from Baystate Medical Center – 15 minutes

Visit Website

Bigelow Commons

Bigelow Commons

55 Main Street, Enfield, CT 06082

833-917-2926

3 pets allowed (cats and dogs only)
Approximately 10.5 from Baystate Medical Center – 20 minutes

Visit Website

Overland Lofts

Overland Lofts

151 Chestnut Street
Springfield, MA 01103

View Website Link

Stockbridge Court

Stockbridge Court

45 Willow Street
Springfield, MA 01103

413-737-2697

View Website Link

Coming to the Are?

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!

Red Rose Pizzeria

Springfield staple, Italian restaurant that can seat large parties.

Nadims

Middle Eastern.

Westfield

Two Rivers Burritos

Westfield – yummy, order at the counter.

Santiago's Family Restaurant

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

Clemenza's

Huge salads.

Memo's

Breakfast and lunch, a local favorite.

Classic Burgers

Took over an old Friendly's, much the same fair but add beer.

Northampton

Jake's

Breakfast and lunch, often crowded.

Roost

Order at the counter, love lunch their but portions can be on the smaller side.

Woodstar

Order at the counter. More lunch, early dinner. Love the Nantucket sandwich.

Bela Vegetarian

Yummy dinners with odd hours.

High Brow

Pizza and more, sit down or take out – the combo pizza is my go to.

Local Burger

Order at the counter. So popular!

Eastside Grill

Classic and delicious for dinner with an emphasis on seafood.

Herrell's

Best ice cream!

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