Dentist Home Loan Program Cuyahoga Falls 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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Regardless of whether you are a first time home buyer or purchasing a new home in Cuyahoga Falls Ohio, our vetted loan officers have a solid understanding of the local real estate market and what it requires to close your dentist home mortgage with proficiency and know-how.

Our loan officers in Cuyahoga Falls Ohio offer specialized financing for dentists, just like you.

First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are very profitable clients for financial 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 far fewer stipulations than their competitions.

Dentist Mortgage Experts In Cuyahoga Falls Ohio

If you are looking for a dentist mortgage loan in Cuyahoga Falls Ohio 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 mortgage!

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

We are aware of the budgetary demands of your student loan financial obligation, and how important it is to maintain working capital for when the time is right with launching 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 Cuyahoga Falls 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 financial institutions know that dentists are a good bet because they traditionally have an extremely 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 just simply speaking 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 percentage.
  • Requires low to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Purchasing a home doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

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

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

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

Additionally, don’t forget that having equity in your house will likely provide greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the home.

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

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