Dentist Home Loan Program Joplin Missouri

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 purchasing a new home in Joplin Missouri, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to secure your dentist home loan with competency and expertise.

Our loan officers in Joplin Missouri offer specialized financing for dentists, exactly like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very 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 secure early career dentists by lending them more money with fewer terms than their competitions.

Dentist Home Loan Experts In Joplin Missouri

If you are trying to find a dentist mortgage in Joplin Missouri then you came to the right place.

You’ve trained 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 home loan is a specialty loan program created just for dentists in the home buying process.

We recognize the personal financial demands of your student loan financial obligation, and how vital it is to preserve working capital for when the time is right with launching your dental career. Whether you are a couple years into practice, or a well established dentist, you can rely on us to find a mortgage loan that is exclusively tailored for your needs.

A lot of dental professionals in Joplin Missouri 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 loan providers know that dentists are a good choice considering that they generally 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 simply speaking to the right mortgage loan officer makes a remarkable difference.

Benefits of Dentist Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low 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 approve a contract as proof of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

What if you have some cash to put down or are looking at delaying until you have the money?

Our mortgage lenders 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 mortgage loan paid off earlier and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your house will definitely offer more security and flexibility, particularly if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to expect to begin underwater. If something does not 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 just to get out of the house.

Regardless of whether you’re relocating 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 house of your dreams with our Joplin Missouri dentist home mortgage program!