Dentist Home Loan Castle Rock Colorado

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 our clients are a first time home buyer or buying a new home in Castle Rock Colorado, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to secure your dentist home mortgage with efficiency and know-how.

Our loan officers in Castle Rock Colorado provide special financing for dentists, like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are very 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 lending them more money with fewer stipulations than their competitions.

Dentist Home Mortgage Experts In Castle Rock Colorado

If you are looking for a dentist mortgage loan in Castle Rock Colorado then you came to the right place.

You’ve trained very hard to become a dentist and buying home really 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 just for dentists?

Yup, dentists get their own loan!

A dentist home loan is a specialty loan program created just for dentists in the home buying process.

We understand the budgetary demands of your student loan financial debt, and how important it is to preserve working capital for when the time is right with launching 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.

Quite a few dental experts in Castle Rock Colorado may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or very little to no work history.

Despite these reasons smart loan providers know that dentists are a good choice due to the fact that they generally have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banks that do simply talking with the best mortgage officer makes a remarkable difference.

Advantages of Dentist Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires small to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as evidence 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 need to drain your time.

Should You Put Cash Down?

What if you have some money to put down or are looking at delaying until you have the money?

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

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

Additionally, don’t forget that having equity in your home will likely offer more security and flexibility, especially if something unanticipated happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something doesn’t 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 just to get out of the house.

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

Dentists, get the house of your dreams with our Castle Rock Colorado dentist home loan program!