Dentist Home Loan Program In Erie Pennsylvania

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 you are a first time home buyer or buying a new home in Erie Pennsylvania, our vetted loan officers have a solid understanding of the local area real estate market and what it really takes to close your dentist mortgage with efficiency and know-how.

Our loan officers in Erie Pennsylvania offer exclusive financing for dentists, exactly like you.

First off, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are very 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 Mortgage Experts In Erie Pennsylvania

If you are searching for a dentist mortgage loan in Erie Pennsylvania then you came to the perfect place.

You’ve trained very hard to become a dentist and purchasing home shouldn’t 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 home mortgage is a special loan program made just for dentists in the home purchasing process.

We recognize the economic demands of your student loan financial debt, and how crucial it is to maintain working capital for when the time is right with embarking upon your dental career. No matter if you are a couple years into practice, or a well established dentist, you can depend on us to find a home loan that is specially tailored for your needs.

Quite a few dental experts in Erie Pennsylvania may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

Despite these factors smart lending institutions know that dentists are a good choice because they typically have an exceptionally low default rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

Purchasing a home doesn’t need to empty your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some cash to put down or are looking at waiting until you have the cash?

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

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

Additionally, don’t overlook that having equity in your house will definitely provide more security and flexibility, specifically if something unforeseen happens. With the 100% financed dentist home mortgage loan, you should anticipate to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the home.

Regardless of whether you are moving down the road, across town or across the country, we are here to lend a hand you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Erie Pennsylvania dentist home loan program!