Dentist Home Loan In Lynchburg Virginia

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 buying a new home in Lynchburg Virginia, our vetted loan officers have a strong understanding of the local area real estate market and what it requires to secure your dentist home loan with efficiency and know-how.

Our loan officers in Lynchburg Virginia provide exclusive financing for dentists, just like you.

First off, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very 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 a fewer number of terms than their competitors.

Dentist Mortgage Experts In Lynchburg Virginia

If you are looking for a dentist mortgage in Lynchburg Virginia 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 customized loan program designed just for dentists in the home buying process.

We recognize the personal financial demands of your student loan financial obligation, and how essential it is to preserve working capital for when the time is right with starting your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specifically tailored for your needs.

Quite a few dental professionals in Lynchburg Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or little to no work history.

Despite these reasons smart loan providers know that dentists are a good choice because they historically 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 just simply consulting with the right mortgage loan officer makes a remarkable difference.

Benefits of Dentist Mortgage Loans

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

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

Should You Put Money Down?

What if you have some cash 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 advantages of each too.

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

Furthermore, don’t forget that having equity in your house will definitely offer greater security and flexibility, particularly if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to anticipate to start out under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the home.

No matter if you’re moving down the street, across town or across the country, we are available to lend a hand you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Lynchburg Virginia dentist home mortgage program!