Doctors Loan in Birmingham, Alabama

This week's economic news was quiet, with no major reports affecting the market. Mortgage rates remained stable, with the 15-year fixed rate dipping slightly while the 30-year fixed rate held steady. As of this week, the average rates for purchase mortgages with no points are 6.75% for a 30-year fixed and 6.125% for a 15-year fixed. With medical residents soon matching at local hospitals, Jeff Prior at Cadence Bank is pleased to offer the Physician Mortgage Program, designed to help physicians secure home financing with unique benefits. This program provides up to 103% financing, allowing for zero down payment while also covering closing costs. It also offers the ability to ignore student loan payments, eliminates PMI, and allows borrowers to close on their mortgage before their employment start date. Additionally, there is flexibility regarding the purchaser’s credit history. If you or a client are interested in learning more, Jeff Prior is available this weekend for pre-approvals. Please feel free to reach out for more details on the doctors loan program.

Jeff Prior | Mortgage Loan Officer l NMLS ID 546525

Cadence Bank | 2211 Highland Ave. S  | Birmingham, AL 35205

Cell:                 (205) 492-3410

Email:              jeff.prior@cadencebank.com

Application:    online application link