Dentist Home Loan Program Lancaster 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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Regardless of whether our clients are a first time home buyer or buying a new home in Lancaster Pennsylvania, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to close your dentist home mortgage with proficiency and know-how.

Our loan officers in Lancaster Pennsylvania provide 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 extremely profitable clients 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 loaning them more money with a lot fewer stipulations than their competitors.

Dentist Home Loan Experts In Lancaster Pennsylvania

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

You’ve worked very hard to become a dentist and buying home 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 mortgage!

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

We understand the personal financial demands of your student loan liability, and how important it is to maintain working capital for when the time is right with launching your dental career. No matter if you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is specially tailored for your needs.

A large number of dentists in Lancaster Pennsylvania may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

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

Not all lenders offer this specialized product and within banking institutions that do just simply talking to the right mortgage officer makes a tremendous difference.

Benefits of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your home will offer more security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you’re 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.

Whether you’re moving down the street, across town or across the country, we are available to work with you all throughout the dentist home mortgage process:: because you deserve it!

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