Dentist Home Loan Pennsylvania

Benefits of a Dentist Loan

  • Zero or Low Down Payment 0-10% is typical.
  • No Private Mortgage Insurance(PMI) saving you up to 1% annually. That is a $10,000 per year savings on a 1 million dollar home.
  • Student loan debt not counted against you. This allows you to qualify for a nicer home.
  • Higher loan limits up to 2 million are available typically at the same rate.
  • Ability to close 90 days prior to new employment beginning. Moving is stressful enough without starting a new job. Why move twice or pay huge premiums for long term housing.
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Whether or not our clients are a first time home buyer or buying a new home in Pennsylvania, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to close your dentist home loan with efficiency and expertise.

Our loan officers in Pennsylvania provide exclusive financing for dentists, exactly like you.

First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really profitable customers for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use dentist home loans to lock in early career dentists by lending them more money with fewer stipulations than their competitors.

Dentist Home Loan Experts In Pennsylvania

If you are searching for a dentist mortgage in Pennsylvania then you came to the perfect place.

You’ve trained very hard to become a dentist and purchasing home should not be nearly as challenging.

Did you know there is a special loan that makes it easy for dentists to buy a home?

A home loan just for dentists?

Yup, dentists get their own loan!

A dentist home mortgage is a specialty loan program made just for dentists in the home buying process.

We understand the financial demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with embarking upon your dental career. Whether you are a couple years into practice, or a well established dentist, you can count on us to find a home loan that is specially tailored for your needs.

A lot of dentists in Pennsylvania may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or little to no work history.

Despite these factors smart lenders know that dentists are a good bet because they generally have an extremely low default rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banks that do simply speaking with the best home loan officer makes a tremendous difference.

Advantages of Dentist Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Generally requires small to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Generally will accept a contract as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a house doesn’t need to drain your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

What if you have some funds to put down or are thinking about waiting until you have the cash?

Our lenders can do the math for you and show you what each circumstance looks like and the advantages of each too.

In most circumstances, you’ll get your home loan paid off sooner and save thousands on interest too.

Furthermore, don’t overlook that having equity in your home will definitely offer more security and overall flexibility, especially if something unexpected happens. With the 100% financed dentist mortgage loan, you should anticipate to begin underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the road, across town or across the country, we are available to lend a hand you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Pennsylvania dentist home mortgage program!

Top cities in Pennsylvania for a dentist home loan.

Allentown
Altoona
Bethlehem
Erie
Harrisburg
Lancaster
Philadelphia
Pittsburgh
Reading
Scranton
State College
Wilkes Barre
York