Dentist Mortgage Minneapolis Minnesota

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.
Get Your Dentist Loan Rates Now by Completing the Form Below.

Please complete the reCAPTCHA.

Your application has been received! We will be in touch with you shortly.

Regardless if our clients are a first time home buyer or purchasing a new home in Minneapolis Minnesota, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to close your dentist home mortgage with proficiency and know-how.

Our loan officers in Minneapolis Minnesota offer exclusive financing for dentists, just like you.

To start with, let’s discuss why dentist mortgage loans even exist. The main 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 secure early career dentists by lending them more money with a lot fewer stipulations than their competitors.

Dentist Mortgage Experts In Minneapolis Minnesota

If you are trying to find a dentist mortgage loan in Minneapolis Minnesota then you came to the right place.

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

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

We are aware of the personal financial 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. 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 exclusively tailored for your needs.

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

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

Not all financial institutions offer this specialized product and within banking institutions that do just simply talking to the best mortgage officer makes an enormous difference.

Advantages of Dentist Mortgage Loans

  • Usually 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 call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a home 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 money to put down or are looking at waiting until you have the cash?

Our lenders can do the math for you and show you what each situation looks like and the benefits of each too.

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

Furthermore, don’t forget that having equity in your home will most likely offer greater security and flexibility, especially if something unexpected 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 should be prepared to write a potentially big check for as much as 10% of the purchase price just to get out of the home.

Whether you are relocating down the road, across town or across the country, we are right here to lend a hand you through the dentist home loan process:: because you deserve it!

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