Dentist Home Loan Program In Chicopee Massachusetts

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 you are a first time home buyer or buying a new home in Chicopee Massachusetts, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to close your dentist home mortgage with competency and expertise.

Our loan officers in Chicopee Massachusetts provide exclusive financing for dentists, exactly like you.

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

Dentist Home Mortgage Experts In Chicopee Massachusetts

If you are searching for a dentist home loan in Chicopee Massachusetts then you came to the right place.

You’ve trained 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 only for dentists?

Yup, dentists get their own mortgage!

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

We recognize the financial demands of your student loan financial obligation, and how vital it is to maintain working capital for when the time is right with launching your dental career. Whether or not 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.

Many dental professionals in Chicopee Massachusetts may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

Despite these factors smart loan providers know that dentists are a good bet due to the fact that they traditionally have an exceptionally low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply speaking with the right mortgage officer makes a significant difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept a contract as evidence 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 need to drain your time.

Should You Put Cash Down?

Suppose you have some funds to put down or are thinking about delaying until you have the money?

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

In most cases, you’ll get your home loan paid off sooner and save thousands on interest rates too.

Additionally, don’t forget that having equity in your house will offer more security and flexibility, especially if something unforeseen happens. With the 100% financed dentist mortgage loan, you ought to expect to start out under water. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the house.

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

Dentists, get the home of your dreams with our Chicopee Massachusetts dentist home mortgage program!