Dentist Home Loan Michigan

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 Michigan, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to close your dentist home mortgage with efficiency and expertise.

Our loan officers in Michigan provide specialized financing for dentists, exactly like you.

First off, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable customers for lending 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 fewer number of requirements than their competition.

Dentist Mortgage Experts In Michigan

If you are looking for a dentist home loan in Michigan then you came to the perfect place.

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

A dentist home loan is a special loan program made just for dentists in the home buying process.

We are aware of the budgetary demands of your student loan debt, and how crucial it is to maintain working capital for when the time is right with embarking upon your dental career. Whether you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specially tailored for your needs.

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

Despite these reasons smart lenders know that dentists are a good bet considering that they typically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do simply speaking with the best mortgage officer makes a remarkable difference.

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Typically 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.
  • Generally will accept a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money 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 benefits of each too.

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

Furthermore, don’t forget that having equity in your home will definitely offer more security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist home mortgage loan, you should expect to begin under water. If something doesn’t work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the home.

Whether you are relocating down the street, across town or across the country, we are here to help you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Michigan dentist home mortgage program!

Top cities in Michigan for a dentist home loan.

Ann Arbor
Dearborn
Dearborn Heights
Detroit
Farmington Hills
Flint
Grand Rapids
Kalamazoo
Lansing
Livonia
Novi
Pontiac
Rochester Hills
Royal Oak
Southfield
St Clair Shores
Sterling Heights
Taylor
Troy
Warren
Westland
Wyoming