Home Mortgage For Dentists Tinley Park 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.
Get Your Dentist Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Whether you are a first time home buyer or purchasing a new home in Tinley Park Illinois, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to close your dentist mortgage with proficiency and know-how.

Our loan officers in Tinley Park Illinois offer exclusive financing for dentists, like you.

First, let’s talk about 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 secure early career dentists by loaning them more money with a fewer number of requirements than their competitors.

Dentist Home Mortgage Experts In Tinley Park Illinois

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

You’ve trained very hard to become a dentist and buying home shouldn’t 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 only for dentists?

Yup, dentists get their own home loan!

A dentist home loan is a special loan program developed just for dentists in the home buying process.

We are aware of the economic demands of your student loan financial obligation, and how crucial it is to maintain working capital for when the time is right with launching your dental career. No matter if you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these reasons smart lending institutions know that dentists are a good bet because they historically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply consulting with the best home loan officer makes a significant difference.

Benefits of Dentist Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Often does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Additionally, don’t forget that having equity in your house will most likely provide more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to begin under water. If something does not 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 just to get out of the home.

Regardless of whether you’re moving down the street, across town or across the country, we are here to assist you through the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Tinley Park Illinois dentist home loan program!