Dentist Home Loan Ohio

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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Regardless if our clients are a first time home buyer or buying a new home in Ohio, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to secure your dentist home mortgage with proficiency and expertise.

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

First, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are very profitable clients for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use dentist home loans to secure early career dentists by lending them more money with a lot fewer terms than their competitors.

Dentist Home Loan Experts In Ohio

If you are looking for a dentist mortgage loan in Ohio then you came to the perfect place.

You’ve worked very hard to become a dentist and purchasing home really should not be nearly as difficult.

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 mortgage is a specialty loan program created just for dentists in the home purchasing process.

We are aware of the personal financial demands of your student loan financial obligation, and how vital it is to maintain 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 rely on us to find a home loan that is exclusively tailored for your needs.

Quite a few dental experts in Ohio may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these reasons smart lending institutions know that dentists are a good choice considering that they typically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply talking to the right mortgage officer makes a significant difference.

Advantages of Dentist Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Typically requires low to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Usually will accept an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a house doesn’t need to empty your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose you have some cash to put down or are thinking about delaying until you have the funds?

Our loan providers can do the math for you and show you what each situation looks like and the benefits of each too.

In most situations, you’ll get your home loan paid off earlier and save thousands of dollars on interest rates too.

Furthermore, don’t forget that having equity in your house will likely offer more security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to expect to start out underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the home.

Regardless of whether you are relocating down the road, across town or across the country, we are right here to assist you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Ohio dentist home loan program!

Top cities in Ohio for a dentist home loan.

Akron
Beavercreek
Canton
Cincinnati
Cleveland
Columbus
Cuyahoga Falls
Dayton
Elyria
Euclid
Hamilton
Kettering
Lakewood
Lorain
Mansfield
Mentor
Middletown
Newark
Parma
Springfield
Toledo
Youngstown