Dentist Home Loan Maryland

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 our clients are a first time home buyer or purchasing a new home in Maryland, our vetted loan officers have a strong understanding of the local real estate industry and what it takes to close your dentist home loan with proficiency and know-how.

Our loan officers in Maryland provide special financing for dentists, just like you.

First off, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are very 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 competitors.

Dentist Mortgage Experts In Maryland

If you are searching for a dentist mortgage in Maryland then you came to the perfect place.

You’ve trained very hard to become a dentist and purchasing home really 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 loan!

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

We understand the budgetary demands of your student loan liability, and how crucial it is to preserve 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 rely on us to find a mortgage loan that is specifically tailored for your needs.

A lot of dental professionals in Maryland may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or minimal to no work history.

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

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

Benefits of Dentist Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Usually requires low to no down payment (0-5 percent).
  • Typically does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Typically will accept an agreement as documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

Suppose you have some cash to put down or are considering waiting until you have the money?

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

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

Additionally, don’t overlook that having equity in your house will most likely offer greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist home mortgage loan, you should anticipate to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the home.

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

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

Top cities in Maryland for a dentist home loan.

Annapolis
Baltimore
Bowie
Frederick
Gaithersburg
Hagerstown
Rockville