Dentist Mortgage Arlington Texas

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 Arlington Texas, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to secure your dentist mortgage with competency and expertise.

Our loan officers in Arlington Texas provide specialized financing for dentists, just like you.

To start with, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely profitable clients 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 competitions.

Dentist Home Mortgage Experts In Arlington Texas

If you are looking for a dentist home loan in Arlington Texas then you came to the right place.

You’ve worked very hard to become a dentist and purchasing home shouldn’t 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 loan is a specialized loan program developed just for dentists in the home purchasing process.

We recognize the personal financial demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with starting your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can depend on us to find a mortgage loan that is exclusively tailored for your needs.

Many dental experts in Arlington Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

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

Not all mortgage lenders offer this specialized product and within banking institutions that do simply speaking to the best mortgage loan officer makes an enormous difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as documentation 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 have to drain your time.

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your home will likely offer more security and overall flexibility, specifically if something unanticipated 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 big check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re moving down the road, across town or across the country, we are right here to lend a hand you throughout the dentist home mortgage process:: because you deserve it!

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