Dentist Home Loan Arkansas

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 Arkansas, our vetted loan officers have a solid understanding of the local real estate industry and what it really requires to close your dentist mortgage with proficiency and know-how.

Our loan officers in Arkansas provide exclusive financing for dentists, like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely 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 terms than their competition.

Dentist Mortgage Experts In Arkansas

If you are looking for a dentist mortgage in Arkansas then you came to the perfect place.

You’ve trained 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 loan!

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

We recognize the financial demands of your student loan financial obligation, and how important 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 count on us to find a home loan that is exclusively tailored for your needs.

A lot of dental experts in Arkansas 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 factors smart lenders know that dentists are a good choice due to the fact that they generally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do just simply speaking to the best mortgage officer makes a significant difference.

Benefits of Dentist Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Typically requires low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Generally will approve a contract as documentation of future earnings, in lieu of pay stubs or W-2s, which 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 Money Down?

What if you have some cash to put down or are thinking about waiting until you have the money?

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

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

Additionally, don’t overlook that having equity in your home will definitely provide more security and flexibility, especially if something unplanned happens. With the 100% financed dentist mortgage loan, you should anticipate 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 sizable check for up to 10% of the purchase price simply to get out of the home.

No matter if you’re moving down the street, across town or across the country, we are here to help you all throughout the dentist home mortgage process:: because you deserve it!

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

Top cities in Arkansas for a dentist home loan.