Dentist Home Loan District of Columbia

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 District of Columbia, our vetted loan officers have a strong understanding of the local area real estate market and what it requires to close your dentist home loan with efficiency and expertise.

Our loan officers in District of Columbia offer special financing for dentists, just like you.

First, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable clients for financial institutions. 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 requirements than their competition.

Dentist Home Loan Experts In District of Columbia

If you are trying to find a dentist mortgage in District of Columbia then you came to the right place.

You’ve worked very hard to become a dentist and buying 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 specifically for dentists?

Yup, dentists get their own loan!

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

We understand the financial demands of your student loan liability, and how crucial it is to maintain working capital for when the time is right with launching your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can depend on us to find a home loan that is specially tailored for your needs.

A large number of dentists in District of Columbia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or minimal to no work history.

Despite these reasons smart lenders know that dentists are a good bet because they generally have an incredibly low nonpayment 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 speaking to the best mortgage loan officer makes a significant difference.

Benefits of Dentist Home Mortgage Loans

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

Purchasing a house doesn’t have 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 considering delaying until you have the cash?

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

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

Additionally, don’t forget that having equity in your home will most likely provide greater security and overall flexibility, particularly if something unplanned happens. With the 100% financed dentist home mortgage loan, you should expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the house.

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

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

Top cities in District of Columbia for a dentist home loan.