State of The Market For New York Physician Mortgages in 2015

2015 should be a good terrific year for New York physicians when it comes to both home buying as well as physician mortgages.  There should FINALLY be more homes on the market, and the steep increase in pricing should mellow out as a result.  More homes means less competition, hence the slowing of soaring prices.
What this means for our physician home buying clients is that they won't have as many multiple offer situations, which is great.  In 2014 we've had clients lose out on homes where there were as many as 12 other offers.  2015 shouldn't be quite the battle as the past 18 months to buy a home.

Adding to the good market in 2015 for our doctor home buyers is the fact that more banks are back to lending to MDs, often with as little as 5% down, and no PMI and great rates to boot.  So, we give our clients multiple physician home loans to choose from.  As the saying goes, when banks compete, you win.  And we give our clients many banks and loans to choose from. We even now have access to ZERO down for physicians!

So, low rates, less competition, stabilizing prices, and more and more special doctor homes loans available, 2015 looks to be a terrific year for New York home buying physicians!