Dentist Home Loan Maine

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 buying a new home in Maine, our vetted loan officers have a strong understanding of the local area real estate market and what it takes to secure your dentist mortgage with competency and expertise.

Our loan officers in Maine offer specialized financing for dentists, just like you.

First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really 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 loaning them more money with fewer terms than their competitors.

Dentist Home Loan Professionals In Maine

If you are looking for a dentist mortgage loan in Maine then you came to the right place.

You’ve trained very hard to become a dentist and purchasing home really 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 just for dentists?

Yup, dentists get their own mortgage!

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

We understand the economic demands of your student loan financial debt, and how crucial it is to preserve 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.

A large number of dental experts in Maine may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or little to no work history.

Despite these reasons smart lenders know that dentists are a good choice because they traditionally have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all financial institutions offer this specialized product and within banks that do simply talking with the right mortgage officer makes a remarkable difference.

Advantages of Dentist Home Mortgage Loans

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

Buying a home 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 funds to put down or are considering delaying until you have the money?

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

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

Additionally, don’t forget that having equity in your home will definitely offer greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to start out under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the home.

No matter if you are moving down the road, across town or across the country, we are here to lend a hand you through the dentist home mortgage process:: because you deserve it!

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

Top cities in Maine for a dentist home loan.