Home Mortgage For Dentists Fayetteville North Carolina

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 of whether you are a first time home buyer or buying a new home in Fayetteville North Carolina, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to secure your dentist home loan with competency and know-how.

Our loan officers in Fayetteville North Carolina offer exclusive financing for dentists, exactly like you.

To start with, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable customers for lenders. 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 a fewer number of stipulations than their competitors.

Dentist Home Mortgage Experts In Fayetteville North Carolina

If you are trying to find a dentist home loan in Fayetteville North Carolina then you came to the right place.

You’ve trained very hard to become a dentist and purchasing home 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 specifically for dentists?

Yup, dentists get their own home loan!

A dentist mortgage is a customized loan program created just for dentists in the home buying process.

We understand the budgetary demands of your student loan financial debt, and how essential it is to maintain 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 rely on us to find a mortgage loan that is specially tailored for your needs.

A lot of dental professionals in Fayetteville North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these reasons smart loan providers know that dentists are a good choice because they generally have an exceptionally low default rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banks that do simply consulting with the right home loan officer makes a significant difference.

Advantages of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Generally require small to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Typically will accept an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a home doesn’t have 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 cash?

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

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

Furthermore, don’t forget that having equity in your house will most likely offer greater security and flexibility, particularly if something unexpected happens. With the 100% financed dentist home 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 big check for up to 10% of the purchase price simply to get out of the house.

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

Dentists, get the home of your dreams with our Fayetteville North Carolina dentist home mortgage program!