Home Mortgage For Dentists In Lorain Ohio

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 Lorain Ohio, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to close your dentist home loan with competency and expertise.

Our loan officers in Lorain Ohio offer exclusive financing for dentists, exactly like you.

First, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are really profitable clients 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 far fewer stipulations than their competitions.

Dentist Home Loan Experts In Lorain Ohio

If you are searching for a dentist mortgage in Lorain Ohio then you came to the right place.

You’ve worked very hard to become a dentist and purchasing home should not 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 specialized loan program made just for dentists in the home buying process.

We recognize the budgetary demands of your student loan liability, and how vital it is to maintain working capital for when the time is right with starting 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 specially tailored for your needs.

A lot of dentists in Lorain Ohio 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 factors smart lending institutions know that dentists are a good choice due to the fact that they generally have an extremely low default rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banking institutions that do simply talking with the right mortgage loan officer makes a remarkable difference.

Benefits of Dentist Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, instead 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 have to drain your time.

Should You Put Money Down?

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

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 home loan paid off earlier and save thousands on interest rates too.

Furthermore, don’t forget that having equity in your house will definitely offer greater security and flexibility, especially if something unforeseen happens. With the 100% financed dentist mortgage loan, you ought to anticipate to start out underwater. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

Regardless of whether you’re relocating down the street, across town or across the country, we are here to work with you through the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Lorain Ohio dentist home mortgage program!