Dentist Home Loan Louisiana

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 you are a first time home buyer or purchasing a new home in Louisiana, our vetted loan officers have a solid understanding of the local real estate market and what it requires to close your dentist home loan with proficiency and know-how.

Our loan officers in Louisiana provide special financing for dentists, exactly 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 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 lending them more money with a lot fewer terms than their competition.

Dentist Mortgage Experts In Louisiana

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

You’ve worked very hard to become a dentist and purchasing home shouldn’t 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 mortgage!

A dentist home mortgage is a specialty loan program put together just for dentists in the home buying process.

We understand the budgetary demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with embarking upon 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.

Many dentists in Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

Despite these factors smart lenders know that dentists are a good bet because they generally 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 with the best mortgage loan officer makes an enormous difference.

Benefits of Dentist Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Usually requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Usually will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

What if you have some money to put down or are considering delaying 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 mortgage paid off earlier and save thousands of dollars on interest too.

Additionally, don’t forget that having equity in your house will definitely provide greater security and overall flexibility, particularly if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to expect to begin underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the house.

Regardless of whether you are relocating down the street, across town or across the country, we are right here to assist you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Louisiana dentist home loan program!

Top cities in Louisiana for a dentist home loan.

Alexandria
Baton Rouge
Bossier City
Kenner
Lafayette
Lake Charles
Monroe
New Orleans
Shreveport