Dentist Home Loan Greenville South 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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Whether our clients are a first time home buyer or purchasing a new home in Greenville South Carolina, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to close your dentist home loan with efficiency and expertise.

Our loan officers in Greenville South Carolina provide specialized financing for dentists, like you.

First, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are extremely 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 lock in early career dentists by loaning them more money with far fewer terms than their competitors.

Dentist Home Loan Experts In Greenville South Carolina

If you are searching for a dentist mortgage in Greenville South Carolina then you came to the right place.

You’ve trained very hard to become a dentist and purchasing home 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 loan!

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

We are aware of the budgetary demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with launching your dental career. Whether 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.

Many dentists in Greenville South Carolina 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 factors smart loan providers know that dentists are a good bet considering that they typically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banks that do simply consulting with the best mortgage loan officer makes a tremendous difference.

Benefits of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

Suppose you have some money to put down or are considering waiting until you have the funds?

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

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

Furthermore, don’t overlook that having equity in your home will offer more security and flexibility, particularly if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to anticipate to start out under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the house.

Whether you are moving down the street, across town or across the country, we are right here to assist you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Greenville South Carolina dentist home loan program!