Dentist Home Loan Program Hoboken New Jersey

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 Hoboken New Jersey, our vetted loan officers have a strong understanding of the local area real estate industry and what it requires to secure your dentist home mortgage with competency and know-how.

Our loan officers in Hoboken New Jersey offer exclusive financing for dentists, like you.

First, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are extremely profitable customers for financial 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 lending them more money with fewer terms than their competitors.

Dentist Mortgage Experts In Hoboken New Jersey

If you are searching for a dentist mortgage in Hoboken New Jersey 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 difficult.

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 loan!

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

We recognize the budgetary demands of your student loan liability, and how essential it is to preserve working capital for when the time is right with embarking upon 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 specially tailored for your needs.

A lot of dental experts in Hoboken New Jersey may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.

Despite these factors smart loan providers know that dentists are a good bet due to the fact that they typically have an extremely 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 simply talking to 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 percentage.
  • Requires low to no down payment (0-5 percent).
  • Generally does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Purchasing 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 considering waiting until you have the cash?

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

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

Furthermore, don’t forget that having equity in your house will offer greater security and overall flexibility, especially if something unanticipated happens. With the 100% financed dentist home mortgage loan, you should anticipate to begin underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the road, across town or across the country, we are right here to work with you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Hoboken New Jersey dentist home mortgage program!