Dentist Mortgage In Greensboro North Carolina

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 if our clients are a first time home buyer or buying a new home in Greensboro North Carolina, our vetted loan officers have a solid understanding of the local real estate industry and what it takes to close your dentist mortgage with competency and know-how.

Our loan officers in Greensboro North Carolina provide specialized financing for dentists, just like you.

To start with, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable customers 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 loaning them more money with far fewer stipulations than their competitions.

Dentist Home Mortgage Experts In Greensboro North Carolina

If you are trying to find a dentist home loan in Greensboro North Carolina then you came to the right place.

You’ve worked very hard to become a dentist and purchasing home shouldn’t 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 just for dentists?

Yup, dentists get their own home loan!

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

We understand the economic demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with starting 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 home loan that is exclusively tailored for your needs.

A large number of dentists in Greensboro North Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or little to no work history.

Despite these factors smart financial institutions know that dentists are a good bet considering that they typically have an extremely low default rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do simply talking to the right mortgage officer makes a tremendous difference.

Advantages of Dentist Home Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Generally require low to no down payment (0-5 percent).
  • Typically does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Generally will approve an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your home will likely offer greater security and flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you ought to expect to start out 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 up to 10% of the purchase price just to get out of the house.

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

Dentists, get the house of your dreams with our Greensboro North Carolina dentist home mortgage program!