Dentist Home Loan Athens Georgia

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

Our loan officers in Athens Georgia provide exclusive financing for dentists, just like you.

First, let’s talk about 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 secure early career dentists by lending them more money with a lot fewer terms than their competitions.

Dentist Home Loan Experts In Athens Georgia

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

You’ve trained 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 only for dentists?

Yup, dentists get their own home loan!

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

We understand the financial demands of your student loan debt, and how crucial it is to preserve working capital for when the time is right with embarking upon your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these factors smart lending institutions know that dentists are a good bet considering that they historically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do simply talking to the right home loan officer makes a tremendous difference.

Benefits of Dentist Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Generally does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve a contract as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

Suppose you have some cash to put down or are looking at delaying until you have the funds?

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

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

Additionally, don’t forget that having equity in your home will likely offer greater security and flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you should expect 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 big check for up to 10% of the purchase price simply to get out of the home.

No matter if you’re relocating down the street, across town or across the country, we are right here to help you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Athens Georgia dentist home mortgage program!