Dentist Mortgage Huntsville Alabama

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 purchasing a new home in Huntsville Alabama, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to secure your dentist home loan with efficiency and expertise.

Our loan officers in Huntsville Alabama offer special financing for dentists, like you.

To start with, let’s discuss why dentist mortgage loans even exist. The 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 lending them more money with a lot fewer requirements than their competitions.

Dentist Home Loan Experts In Huntsville Alabama

If you are looking for a dentist home loan in Huntsville Alabama then you came to the perfect place.

You’ve worked 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 specifically for dentists?

Yup, dentists get their own loan!

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

We recognize the economic demands of your student loan financial obligation, and how essential it is to preserve working capital for when the time is right with launching your dental career. No matter if you are a couple years into practice, or a well established dentist, you can count on us to find a home loan that is exclusively tailored for your needs.

Quite a few dental professionals in Huntsville Alabama 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 lenders know that dentists are a good bet because they traditionally have an incredibly 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 talking with the best mortgage loan officer makes a significant difference.

Advantages of Dentist Mortgage Loans

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

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

Should You Put Money Down?

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

Our loan providers 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 on interest rates too.

Furthermore, don’t overlook that having equity in your house will most likely provide greater security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist home mortgage loan, you should 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 sizable check for up to 10% of the purchase price just to get out of the house.

No matter if you are moving down the road, across town or across the country, we are available to help you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Huntsville Alabama dentist home loan program!