Many medical organizations offer their employees an Employee Housing Assistance Program (EHAP) to assist with closing costs, down payment and other home purchase expenses. If you are looking into purchasing a home, I would strongly recommend that you inquire with your Human Resources department about the availability of these types of programs at your organization.

Why? In my experience, the terms for these programs are often hard to pass up. For instance, one of the doctors that I am currently assisting with the purchase of his home is using his companies EHAP to get a 10% down payment. This loan requires no payments and charges no interest for ten years. Considering the fact that most homeowners don’t stay in the same home for nearly this long, he is able to utilize these funds for free!

I specialize in The No Money Down Doctor Loan Program. To read the rest of this article, or if you would like more information about EHAP's or the Doctor Loan, you can call me directly at 1.866.663.5461 or visit my blog: http://doctormortgageloan.blogspot.com

Have an excellent day!

Jeff Irving
Mortgage Loan Officer