Dentist Home Loan 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.
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Whether you are a first time home buyer or buying a new home in Minnesota, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to close your dentist mortgage with proficiency and expertise.

Our loan officers in Minnesota offer special financing for dentists, like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable clients for financial 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 fewer stipulations than their competitors.

Dentist Home Mortgage Professionals In Minnesota

If you are searching for a dentist mortgage in Minnesota then you came to the right place.

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

Yup, dentists get their own mortgage!

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

We recognize the budgetary demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with launching 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 specifically tailored for your needs.

Many dental experts in Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or very little to no work history.

Despite these factors smart loan providers know that dentists are a good choice considering that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

Suppose you have some money 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 benefits of each too.

In most cases, you’ll get your home loan paid off earlier and save thousands of dollars on interest too.

Additionally, don’t overlook that having equity in your house will likely provide greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should anticipate to begin underwater. If something does not work out and you are 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.

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

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

Top cities in Minnesota for a dentist home loan.

Apple Valley
Blaine
Bloomington
Brooklyn Park
Burnsville
Coon Rapids
Duluth
Eagan
Eden Prairie
Edina
Lakeville
Mankato
Maple Grove
Maplewood
Minneapolis
Minnetonka
Plymouth
Rochester
St. Cloud
St. Louis Park
St. Paul
Woodbury