Dentist Mortgage In Danbury Connecticut

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 Danbury Connecticut, our vetted loan officers have a solid understanding of the local area real estate industry and what it requires to close your dentist mortgage with efficiency and know-how.

Our loan officers in Danbury Connecticut offer special financing for dentists, like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are really profitable customers for lenders. 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 far fewer stipulations than their competitors.

Dentist Home Mortgage Experts In Danbury Connecticut

If you are searching for a dentist mortgage in Danbury Connecticut then you came to the right place.

You’ve worked very hard to become a dentist and purchasing home really 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 home loan!

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

We recognize the financial demands of your student loan financial obligation, and how important 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 rely on us to find a home loan that is exclusively tailored for your needs.

A lot of dental professionals in Danbury Connecticut may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these reasons smart lenders know that dentists are a good bet due to the fact that they historically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply speaking with the right mortgage loan officer makes a tremendous difference.

Advantages of Dentist Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires small 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.
  • Will accept an agreement as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Purchasing a home 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 waiting until you have the cash?

Our loan providers 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 home mortgage paid off sooner and save thousands on interest too.

Additionally, don’t overlook that having equity in your home will provide greater security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should expect to start out underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the home.

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

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