Physicians considering home purchases soon after training will have atypical financing needs. While carrying so much student loan debt and lacking a history of income comparable to what they will receive as an attending, conventional financing options may not be suitable for doctors. These problems can be compounded by suddenly earning 1099 income for the first time, if a physician ends up being compensated in that way.

Doug Frazzini, a capital markets specialist at Physician Bank, visits the podcast to explain how Physician Bank solves these mortgage and other potential financing issues for physicians. They offer unique options based on what a physician will eventually earn as an attending, which will be substantially different from earnings as a resident or fellow.

Doug and Resolve CEO Kyle Claussen discuss how Physician Bank makes these unique financing calculations along with:

• How the situation differs for physicians earning 1099 income versus W2 income
• Whether signing or relocation bonuses can be used as qualifying income
• How production-based pay is factored into the lending process
• Considerations for physicians on J-1 visas
• The importance of starting both the job search and homebuying processes early

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About The Review Podcast by Resolve

The business of medicine is constantly changing. The Review Podcast by Resolve discusses current contract issues for physicians, compensation trends and tips for a successful career. Every physician’s contract and career is different, and nothing in this episode  should be considered legal advice. If you have specific questions about your career, please consult with an attorney.

Listen to more episodes at https://podcast.resolve.com/

Learn more about Resolve at https://www.resolve.com/