Dentist Home Loan Program In Springfield 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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Whether our clients are a first time home buyer or purchasing a new home in Springfield Ohio, our vetted loan officers have a strong understanding of the local real estate market and what it really takes to secure your dentist home loan with competency and expertise.

Our loan officers in Springfield Ohio offer special financing for dentists, just like you.

First, let’s discuss why dentist mortgage loans even exist. The 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 secure early career dentists by lending them more money with a fewer number of stipulations than their competitions.

Dentist Home Loan Experts In Springfield Ohio

If you are trying to find a dentist mortgage in Springfield Ohio then you came to the perfect place.

You’ve trained very hard to become a dentist and buying home shouldn’t be nearly as difficult.

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 specialized loan program designed just for dentists in the home purchasing process.

We recognize the budgetary demands of your student loan liability, and how crucial it is to preserve 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 depend on us to find a mortgage loan that is exclusively tailored for your needs.

Many dental experts in Springfield Ohio may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

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

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

Advantages of Dentist Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a house 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 cash to put down or are thinking about delaying until you have the money?

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

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

Furthermore, don’t forget that having equity in your home will definitely provide more security and overall flexibility, particularly if something unplanned happens. With the 100% financed dentist home mortgage loan, you should expect to start out 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 as much as 10% of the purchase price just to get out of the house.

No matter if you are relocating down the road, across town or across the country, we are here to work with you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Springfield Ohio dentist home loan program!