Yes, Indianapolis has homes available that most medical residents and students can afford. We know how to assist you with financing to be able to buy a great home. We are fortunate that the Indianapolis area offers a variety of affordable homes. Many areas with medical schools or residency programs have no housing that
The time frame you plan to own the home and the economics are the most important questions (see next question). Other important questions to ask yourself: Do I want to control where I live, have more space and fewer distractions from neighbors, and a garage to park my car in? Do I wish to build
Let's compare two sample residents. Resident A rents an apartment for $1,000/month, pays renter's insurance of $20/month and plans on a typical 4% rent increase per year. In 4 years Resident A will pay $51,917 in apartment rent. Resident B purchases a home for $150,000 with no down payment at 4.5% interest with a payment
Yes, but be cautious. There are a limited number of options to get a no-money-down mortgage. Many of these programs cost considerable money to approve you for the loan and lack local resources to assist you. We have sources of financing that do not charge special fees to loan you 100% for your home. Why
I owe six figures in student loans; mortgage companies tell me I don’t qualify for a home loan. Is this true?
For most lenders this is true, but for reasons stated above, we have sources that understand and will work with you in spite of your student loans.
Absolutely! We have helped many clients purchase or build new homes. Remember the builder is the seller and new home sales people work for the builder, not you. Most have no license or formal training to sell real estate, yet many of these sales people advise buyers as if they do. If you do not
No, the listing agent (name on sign) represents the seller, not you, and by Indiana law cannot be a buyer's agent. We are Medical Resident & Student Specialists and will work as your buyer's agent at no cost to you, coordinating your purchase and providing professional guidance throughout.
Each year we meet one or two residents who bought a home with another real estate agent but are curious once they hear about our program. When it becomes clear they could have used The Mills Team program to save thousands of dollars in the purchase of their home, they are very disappointed. Other agents
Property insurance provides protection against most risk to property, such as fire and theft. This field will vary according to what insurance coverages you select for your home and other property. One half percent of the purchase price (.5%) is a reasonable selection for this field.