Dentist Home Loan Elkhart Indiana

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 if our clients are a first time home buyer or buying a new home in Elkhart Indiana, our vetted loan officers have a solid understanding of the local real estate market and what it really takes to close your dentist home loan with proficiency and know-how.

Our loan officers in Elkhart Indiana offer specialized financing for dentists, exactly like you.

To start with, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are really profitable clients 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 loaning them more money with a lot fewer requirements than their competitors.

Dentist Home Mortgage Experts In Elkhart Indiana

If you are looking for a dentist mortgage in Elkhart Indiana then you came to the perfect place.

You’ve worked very hard to become a dentist and purchasing 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 just 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 are aware of the budgetary demands of your student loan financial obligation, and how essential 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 specifically tailored for your needs.

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

Despite these factors smart lenders know that dentists are a good choice because they generally have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home 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).
  • Generally does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

What if you have some funds to put down or are looking at waiting until you have the funds?

Our loan providers can do the math for you and show you what each circumstance looks like and the advantages of each too.

In most circumstances, you’ll get your mortgage loan paid off sooner and save thousands on interest rates too.

Furthermore, don’t forget that having equity in your home will provide greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist home mortgage loan, you should anticipate to begin under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the home.

No matter if you are moving down the street, across town or across the country, we are available to assist you throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Elkhart Indiana dentist home loan program!