Dentist Home Loan In Lake Havasu City Arizona

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 you are a first time home buyer or buying a new home in Lake Havasu City Arizona, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to secure your dentist home mortgage with competency and expertise.

Our loan officers in Lake Havasu City Arizona provide specialized financing for dentists, just like you.

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

Dentist Home Mortgage Experts In Lake Havasu City Arizona

If you are searching for a dentist mortgage loan in Lake Havasu City Arizona then you came to the right place.

You’ve worked 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 just for dentists?

Yup, dentists get their own mortgage!

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

We are aware of the economic demands of your student loan financial obligation, and how crucial it is to maintain working capital for when the time is right with embarking upon your dental career. Whether 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 experts in Lake Havasu City Arizona may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

Despite these factors smart lending institutions know that dentists are a good bet considering that they historically have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do simply speaking to the best mortgage loan officer makes a remarkable difference.

Benefits of Dentist Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Often does not call for 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, that don’t yet exist.

Purchasing a home doesn’t have to drain 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 looking at delaying until you have the money?

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

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

Furthermore, don’t forget that having equity in your house will offer greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist home mortgage loan, you should expect to begin under water. 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 street, across town or across the country, we are right here to assist you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our az geo dentist home mortgage program!