Dentist Mortgage In Spokane Valley Washington

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 you are a first time home buyer or purchasing a new home in Spokane Valley Washington, our vetted loan officers have a solid understanding of the local area real estate market and what it really requires to close your dentist home loan with efficiency and know-how.

Our loan officers in Spokane Valley Washington provide 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 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 terms than their competitors.

Dentist Mortgage Experts In Spokane Valley Washington

If you are trying to find a dentist home loan in Spokane Valley Washington 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 home mortgage is a specialized loan program put together 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 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.

Many dental professionals in Spokane Valley Washington may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or minimal to no work history.

Despite these factors smart financial institutions know that dentists are a good choice due to the fact that they historically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banking institutions that do just simply speaking with the right home loan officer makes an enormous difference.

Advantages of Dentist Home Mortgage Loans

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

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

Should You Put Cash Down?

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

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

In most instances, you’ll get your mortgage paid off earlier and save thousands on interest rates too.

Furthermore, don’t overlook that having equity in your home will most likely provide more security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the home.

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

Dentists, get the home of your dreams with our Spokane Valley Washington dentist home loan program!