Dentist Home Loan Apex 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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Whether you are a first time home buyer or purchasing a new home in Apex North Carolina, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to secure your dentist home mortgage with competency and expertise.

Our loan officers in Apex North Carolina offer specialized financing for dentists, like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are very profitable clients 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 requirements than their competitors.

Dentist Home Mortgage Experts In Apex North Carolina

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

You’ve worked very hard to become a dentist and buying 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 only for dentists?

Yup, dentists get their own mortgage!

A dentist home loan is a specialty loan program developed just for dentists in the home purchasing process.

We understand the budgetary demands of your student loan liability, and how vital it is to maintain working capital for when the time is right with launching your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can count on us to find a home loan that is specifically tailored for your needs.

A large number of dentists in Apex North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

Despite these reasons smart loan providers know that dentists are a good bet considering that they historically have an incredibly 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 consulting with the best mortgage officer makes an enormous difference.

Advantages of Dentist Home Mortgage Loans

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

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

Should You Put Cash Down?

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

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

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

Furthermore, don’t forget that having equity in your house will definitely provide more security and flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should expect to begin 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.

No matter if you are relocating down the street, across town or across the country, we are right here to assist you throughout the dentist home mortgage process:: because you deserve it!

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