Dentist Home Loan Arlington Heights Illinois

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 of whether you are a first time home buyer or buying a new home in Arlington Heights Illinois, our vetted loan officers have a strong understanding of the local real estate market and what it requires to secure your dentist home loan with proficiency and expertise.

Our loan officers in Arlington Heights Illinois provide exclusive financing for dentists, exactly like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable customers for lending 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 loaning them more money with fewer terms than their competitions.

Dentist Mortgage Experts In Arlington Heights Illinois

If you are searching for a dentist mortgage loan in Arlington Heights Illinois then you came to the perfect place.

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

Yup, dentists get their own loan!

A dentist mortgage is a customized loan program put together just for dentists in the home purchasing process.

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

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

Despite these reasons smart financial institutions know that dentists are a good choice due to the fact that they traditionally have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banks that do simply speaking with the best mortgage loan officer makes a remarkable difference.

Benefits of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Generally does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as evidence 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?

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

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

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

Additionally, don’t overlook that having equity in your house will definitely offer more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to start out under water. 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 as much as 10% of the purchase price simply to get out of the house.

Whether you’re relocating down the road, across town or across the country, we are right here to work with you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Arlington Heights Illinois dentist home mortgage program!