Dentist Home Loan Program In Garland Texas

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 Garland Texas, our vetted loan officers have a solid understanding of the local area real estate industry and what it really takes to close your dentist home loan with competency and expertise.

Our loan officers in Garland Texas 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 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 loaning them more money with a fewer number of terms than their competitions.

Dentist Mortgage Experts In Garland Texas

If you are searching for a dentist mortgage in Garland Texas then you came to the right place.

You’ve trained very hard to become a dentist and purchasing 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 specifically for dentists?

Yup, dentists get their own mortgage!

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

We understand the personal financial demands of your student loan debt, and how vital it is to maintain working capital for when the time is right with launching your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can depend on us to find a home loan that is specially tailored for your needs.

A lot of dental professionals in Garland Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

Despite these reasons smart loan providers know that dentists are a good choice because they typically have an extremely low default rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banks that do simply talking to the best home loan officer makes a significant difference.

Benefits of Dentist Home Mortgage Loans

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

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

Should You Put Money Down?

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

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

Additionally, don’t forget that having equity in your house will offer more security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to start out underwater. If something doesn’t work out and you are 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.

Whether you’re relocating down the road, across town or across the country, we are available to assist you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Garland Texas dentist home mortgage program!