Dentist Mortgage In Bend Oregon

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 our clients are a first time home buyer or purchasing a new home in Bend Oregon, our vetted loan officers have a strong understanding of the local real estate market and what it takes to secure your dentist home mortgage with proficiency and know-how.

Our loan officers in Bend Oregon offer specialized financing for dentists, just like you.

First off, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are really 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 secure early career dentists by loaning them more money with far fewer requirements than their competitors.

Dentist Home Mortgage Experts In Bend Oregon

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

You’ve trained 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 just for dentists?

Yup, dentists get their own loan!

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

We are aware of the personal financial demands of your student loan financial debt, and how essential 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 count on us to find a mortgage loan that is specifically tailored for your needs.

A large number of dental experts in Bend Oregon may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these reasons smart lenders know that dentists are a good choice because they historically have an incredibly 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 talking with the right mortgage loan officer makes a remarkable difference.

Advantages of Dentist Home Mortgage Loans

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

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

Should You Put Money Down?

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

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

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

Additionally, don’t forget that having equity in your house will definitely provide more security and flexibility, especially if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to anticipate to start out under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the house.

Whether you are relocating down the road, across town or across the country, we are available to assist you through the dentist home mortgage process:: because you deserve it!

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