Dentist Home Loan In Bowling Green Kentucky

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 Bowling Green Kentucky, our vetted loan officers have a solid understanding of the local area real estate industry and what it takes to secure your dentist mortgage with proficiency and know-how.

Our loan officers in Bowling Green Kentucky offer specialized financing for dentists, like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are really profitable customers 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 loaning them more money with a fewer number of stipulations than their competitions.

Dentist Home Loan Experts In Bowling Green Kentucky

If you are looking for a dentist home loan in Bowling Green Kentucky then you came to the perfect place.

You’ve trained 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 just for dentists?

Yup, dentists get their own loan!

A dentist home mortgage is a special loan program made just for dentists in the home buying process.

We recognize the personal financial demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with embarking upon 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 specially tailored for your needs.

A large number of dental experts in Bowling Green Kentucky may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or very little to no work history.

Despite these factors smart financial institutions know that dentists are a good choice due to the fact that they traditionally have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply speaking to the right mortgage loan officer makes a remarkable difference.

Benefits of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Often does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as documentation of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

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

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

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

Additionally, don’t overlook that having equity in your home will likely offer more security and flexibility, particularly 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 are forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you’re moving down the road, across town or across the country, we are right 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 Bowling Green Kentucky dentist home mortgage program!