Home Mortgage For Dentists Middletown 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 you are a first time home buyer or buying a new home in Middletown Connecticut, our vetted loan officers have a strong understanding of the local real estate industry and what it takes to close your dentist home mortgage with competency and know-how.

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

First off, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are really profitable customers 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 loaning them more money with a lot fewer stipulations than their competitors.

Dentist Home Mortgage Experts In Middletown Connecticut

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

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

Yup, dentists get their own mortgage!

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

We recognize the economic demands of your student loan financial debt, and how important it is to preserve working capital for when the time is right with embarking upon your dental career. Whether you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specifically tailored for your needs.

A lot of dentists in Middletown Connecticut 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 loan providers know that dentists are a good choice because they generally have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply talking with the best mortgage officer makes an enormous difference.

Benefits of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

What if you have some money to put down or are considering delaying until you have the money?

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 cases, you’ll get your mortgage paid off sooner and save thousands of dollars on interest rates too.

Furthermore, don’t overlook that having equity in your house will most likely provide greater security and flexibility, especially if something unexpected happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the house.

No matter if you are moving down the road, across town or across the country, we are available to work with you through the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Middletown Connecticut dentist home mortgage program!