Dentist Home Loan Program New Orleans Louisiana

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 purchasing a new home in New Orleans Louisiana, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to secure your dentist mortgage with proficiency and know-how.

Our loan officers in New Orleans Louisiana offer special financing for dentists, just like you.

To start with, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are really 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 fewer stipulations than their competitors.

Dentist Home Mortgage Experts In New Orleans Louisiana

If you are looking for a dentist mortgage loan in New Orleans Louisiana then you came to the right place.

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

A dentist home mortgage is a specialized loan program put together just for dentists in the home purchasing process.

We recognize the budgetary demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with launching your dental career. No matter if you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specifically tailored for your needs.

Quite a few dental professionals in New Orleans Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or little to no work history.

Despite these factors smart lenders know that dentists are a good bet because they generally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home 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).
  • Usually does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

What if you have some funds to put down or are looking at delaying until you have the funds?

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

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

Furthermore, don’t overlook that having equity in your home will definitely provide greater security and flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you are relocating down the road, across town or across the country, we are here to lend a hand you throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our New Orleans Louisiana dentist home mortgage program!