Dentist Home Loan In Alexandria Virginia

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 Alexandria Virginia, our vetted loan officers have a solid understanding of the local real estate industry and what it really requires to close your dentist home mortgage with efficiency and expertise.

Our loan officers in Alexandria Virginia provide exclusive financing for dentists, just like you.

First off, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are really profitable clients for lending institutions. 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 fewer number of stipulations than their competitors.

Dentist Mortgage Experts In Alexandria Virginia

If you are searching for a dentist mortgage loan in Alexandria Virginia then you came to the right place.

You’ve worked very hard to become a dentist and buying home really 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 just for dentists?

Yup, dentists get their own mortgage!

A dentist mortgage is a specialized loan program put together just for dentists in the home purchasing process.

We are aware of the budgetary demands of your student loan financial obligation, and how important 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 home loan that is specially tailored for your needs.

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

Despite these factors smart lenders know that dentists are a good bet due to the fact that they generally 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 just simply talking to the right mortgage loan officer makes a significant difference.

Advantages of Dentist Mortgage Loans

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

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

Should You Put Money Down?

Suppose you have some funds to put down or are considering waiting until you have the money?

Our lenders can do the math for you and show you what each situation looks like and the advantages of each too.

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

Additionally, don’t overlook that having equity in your house will likely provide greater security and flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should anticipate to start out under water. If something doesn’t 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 simply to get out of the house.

No matter if you are moving down the street, across town or across the country, we are right here to lend a hand you throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Alexandria Virginia dentist home loan program!