Home Mortgage For Dentists In Manassas 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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Whether our clients are a first time home buyer or buying a new home in Manassas Virginia, our vetted loan officers have a strong understanding of the local real estate market and what it really takes to secure your dentist mortgage with proficiency and expertise.

Our loan officers in Manassas Virginia offer exclusive financing for dentists, like you.

To start with, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are extremely profitable clients 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 far fewer stipulations than their competitions.

Dentist Home Loan Experts In Manassas Virginia

If you are trying to find a dentist home loan in Manassas Virginia then you came to the right place.

You’ve trained very hard to become a dentist and buying home shouldn’t 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 only for dentists?

Yup, dentists get their own mortgage!

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

We recognize the personal financial demands of your student loan debt, and how vital it is to maintain working capital for when the time is right with embarking upon your dental career. Regardless if 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 Manassas Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these factors smart lending institutions know that dentists are a good choice due to the fact that they generally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do simply speaking to the right mortgage loan officer makes an enormous difference.

Advantages of Dentist Mortgage Loans

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

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

Should You Put Money Down?

What if you have some funds to put down or are thinking about delaying until you have the cash?

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

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

Additionally, don’t overlook that having equity in your house will likely provide greater security and overall flexibility, particularly if something unforeseen happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

No matter if you’re moving down the street, across town or across the country, we are right here to help you throughout the dentist home loan process:: because you deserve it!

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