Dentist Home Loan Federal Way Washington

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 purchasing a new home in Federal Way Washington, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to secure your dentist home loan with efficiency and expertise.

Our loan officers in Federal Way Washington provide specialized financing for dentists, exactly like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable clients 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 a fewer number of terms than their competitors.

Dentist Mortgage Experts In Federal Way Washington

If you are searching for a dentist mortgage loan in Federal Way Washington then you came to the perfect place.

You’ve worked 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 just for dentists?

Yup, dentists get their own home loan!

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

We understand the budgetary demands of your student loan financial debt, and how vital it is to maintain 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 rely on us to find a mortgage loan that is exclusively tailored for your needs.

A large number of dentists in Federal Way Washington 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 reasons smart lenders know that dentists are a good choice because they traditionally have an exceptionally low default rate on loans, high earning potential and secure jobs.

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

Benefits of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Often does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve a contract as documentation of future earnings, instead 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 funds to put down or are looking at waiting until you have the money?

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

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

Additionally, don’t overlook that having equity in your home will likely offer more security and flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to anticipate to begin under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price simply to get out of the home.

Whether you are relocating down the street, across town or across the country, we are available to lend a hand you through the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Federal Way Washington dentist home loan program!