Dentist Home Loan In New Haven 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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Regardless of whether you are a first time home buyer or buying a new home in New Haven Connecticut, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to secure your dentist home mortgage with competency and know-how.

Our loan officers in New Haven Connecticut provide exclusive financing for dentists, just like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely 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 lending them more money with far fewer requirements than their competitors.

Dentist Mortgage Experts In New Haven Connecticut

If you are trying to find a dentist home loan in New Haven Connecticut then you came to the right place.

You’ve worked 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 specifically for dentists?

Yup, dentists get their own home loan!

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

We recognize the economic demands of your student loan debt, and how important it is to maintain 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 rely on us to find a mortgage loan that is specially tailored for your needs.

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

Despite these reasons smart lenders know that dentists are a good bet because they traditionally have an extremely low default rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banks that do just simply talking to the best mortgage officer makes a remarkable difference.

Benefits 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).
  • Often does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

Buying a home doesn’t need to drain your savings and the process doesn’t need 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 funds?

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

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

Additionally, don’t overlook that having equity in your house will likely provide more security and flexibility, specifically if something unexpected happens. With the 100% financed dentist home mortgage loan, you should anticipate to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the house.

Whether you’re 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 home of your dreams with our New Haven Connecticut dentist home loan program!