Dentist Home Loan Danville Virginia

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 purchasing a new home in Danville Virginia, our vetted loan officers have a strong understanding of the local real estate industry and what it really takes to close your dentist home loan with efficiency and expertise.

Our loan officers in Danville Virginia offer specialized financing for dentists, like you.

First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely 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 lock in early career dentists by loaning them more money with fewer stipulations than their competitions.

Dentist Mortgage Experts In Danville Virginia

If you are trying to find a dentist mortgage in Danville Virginia then you came to the perfect place.

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

Yup, dentists get their own mortgage!

A dentist home loan is a specialized loan program made just for dentists in the home purchasing process.

We understand 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. Regardless if you are a couple years into practice, or a well established dentist, you can rely on us to find a mortgage loan that is specially tailored for your needs.

A lot of dental experts in Danville Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these factors smart loan providers 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 with the best mortgage loan officer makes a tremendous difference.

Advantages of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your home will offer more security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to start out under water. 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 as much as 10% of the purchase price just to get out of the house.

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

Dentists, get the house of your dreams with our Danville Virginia dentist home mortgage program!