Dentist Home Loan Program Canton Ohio

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 or not you are a first time home buyer or buying a new home in Canton Ohio, our vetted loan officers have a solid understanding of the local real estate industry and what it really requires to secure your dentist home mortgage with efficiency and expertise.

Our loan officers in Canton Ohio offer exclusive financing for dentists, like you.

First off, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are very 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 far fewer terms than their competitors.

Dentist Home Mortgage Experts In Canton Ohio

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

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

Yup, dentists get their own loan!

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

We understand the personal financial demands of your student loan liability, and how important it is to preserve working capital for when the time is right with starting 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 home loan that is specially tailored for your needs.

Many dental experts in Canton Ohio may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or little to no work history.

Despite these factors smart lenders know that dentists are a good bet considering that they traditionally have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply talking with the right mortgage officer makes an enormous difference.

Advantages of Dentist Mortgage Loans

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

Buying a house doesn’t need to drain your savings and the process doesn’t need 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 cases, you’ll get your home loan paid off sooner and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your home will likely offer greater security and flexibility, especially if something unplanned happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the house.

Whether you’re moving down the road, across town or across the country, we are here to assist you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Canton Ohio dentist home mortgage program!