Dentist Mortgage Franklin Tennessee

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 buying a new home in Franklin Tennessee, our vetted loan officers have a strong understanding of the local real estate market and what it really takes to secure your dentist home mortgage with efficiency and expertise.

Our loan officers in Franklin Tennessee offer specialized financing for dentists, like you.

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

Dentist Home Loan Experts In Franklin Tennessee

If you are trying to find a dentist mortgage loan in Franklin Tennessee then you came to the perfect place.

You’ve trained 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 just for dentists?

Yup, dentists get their own home loan!

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

We recognize the financial demands of your student loan liability, and how crucial it is to maintain working capital for when the time is right with embarking upon your dental career. Regardless if you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is exclusively tailored for your needs.

A large number of dental experts in Franklin Tennessee 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 factors smart financial institutions know that dentists are a good bet because they historically have an extremely low default rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

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

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

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

Furthermore, don’t forget that having equity in your house will most likely offer more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist home mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re moving down the street, across town or across the country, we are right here to work with you throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Franklin Tennessee dentist home mortgage program!