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What is Match Day?

Match Day is an annual event that marks the culmination of years of hard work and dedication for medical students across the United States. On this day, aspiring doctors discover where they will continue their medical training through residency programs. While Match Day is primarily about the medical profession, its impact extends beyond hospitals and clinics, particularly in cities like Philadelphia, where real estate intertwines with the influx of new residents.

For medical professionals who plan to settle in Philadelphia long-term, Match Day often marks the beginning of their search for a permanent residence. Some may prioritize neighborhoods with good schools, convenient access to hospitals, and vibrant communities. As a result, real estate agents see an influx of inquiries and purchases in areas that cater to the needs of medical professionals and their families.

Browse Homes in Philly:

For both buyers and renters, navigating the real estate market during Match Day season can be competitive. Working with experienced real estate agents who understand the unique needs of medical professionals can make the process smoother. Our agents can help clients find properties that align with your preferences, budget, and proximity to your workplace.

Philadelphia is home to several world-renowned hospitals and medical centers, each contributing to the city's reputation as a hub for healthcare excellence. These institutions not only play a crucial role in providing top-notch medical care but also significantly influence the neighborhoods surrounding them.

Learn more about Physician Loans from our trusted lender- Paul Davis

“Medical and dental professionals often encounter the obstacle of high student loan payments relative to their starting income when applying for home loans.” said Paul Davis, a Movement Mortgage loan officer in the South Jersey/Philadelphia region. “However, at Movement Mortgage, we understand this obstacle and offer specialized mortgage solutions tailored for professionals in the medical and dental fields.”

Borrowers in approved medical fields such as medical residents, medical doctors (MD), doctors of dental surgery (DDS), doctors of dental medicine (DMD), and others can benefit from excluding their student loan payments from their debt-to-income ratio calculation.

To qualify for this specialized mortgage program, often called a ‘Doctor Loan’ or ‘Physician Loan’, borrowers need to provide proof of a valid license in one of the approved medical fields and must be within 10 years of the start of their profession. Medical doctors must either be active medical residents or within the first 10 years of their profession, with the 10-year period measured from the completion date of their residency. Additionally, borrowers must be actively engaged in their eligible profession, ensuring a stable income and career trajectory.

These home loans not only alleviate the burden of high student loan payments on the debt-to-income ratio but also enable medical and dental professionals to achieve their homeownership goals without compromising their financial stability. These loans often feature a lower downpayment requirement, lower rates, and low to no monthly mortgage insurance when compared to a traditional 30-year conventional mortgage. Movement Mortgage's expertise in navigating these scenarios makes us a trusted partner for medical and dental professionals looking to secure a mortgage and establish a solid foundation for their future.

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University of Pennsylvania Health System (UPHS)

University City

The presence of UPHS, including the Hospital of the University of Pennsylvania (HUP) and Penn Presbyterian Medical Center, has transformed the University City neighborhood. With its cutting-edge research facilities and prestigious medical school, UPHS attracts top medical professionals and researchers. As a result, University City has experienced substantial growth in residential development, amenities, and cultural offerings. The area is known for its diverse community, vibrant atmosphere, and proximity to the University of Pennsylvania and Drexel campuses.

Homes for Sale in University City:

Thomas Jefferson University Hospitals

Washington Square West

Situated in the heart of Philadelphia's bustling Center City district, Thomas Jefferson University Hospitals, including Jefferson University Hospital and Jefferson Methodist Hospital, contribute to the dynamic urban landscape. The hospitals' presence adds to the vibrancy of Washington Square West, attracting medical professionals, students, and patients from around the world. The neighborhood surrounding Jefferson is characterized by historic architecture, thriving businesses, and convenient access to cultural attractions, making it an attractive place to live and work.

Homes for Sale in Washington Square West:

Children's Hospital of Philadelphia (CHOP)

University City

As one of the top pediatric hospitals in the nation, CHOP plays a vital role in the University City community. Its commitment to pediatric healthcare and research has led to significant advancements in child medicine. The hospital's presence contributes to the family-friendly atmosphere of University City, attracting families seeking specialized medical care for their children. The neighborhood offers a range of amenities, including parks, schools, and cultural institutions, making it an appealing destination for families.

Homes for Sale in University City:

Temple University Hospital

North Philadelphia

Temple University Hospital serves as a cornerstone of healthcare in North Philadelphia. The hospital's dedication to serving the surrounding community has helped improve access to healthcare services in an area historically underserved. Temple University's presence contributes to the revitalization efforts in North Philly, with ongoing initiatives aimed at improving healthcare outcomes, education, and economic development in the neighborhood.

Homes for Sale in North Philly: