Dentist Mortgage New Rochelle New York

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.

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Whether or not our clients are a first time home buyer or purchasing a new home in New Rochelle New York, our vetted loan officers have a strong 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 New Rochelle New York offer exclusive financing for dentists, exactly like you.

First off, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely profitable customers 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 loaning them more money with fewer requirements than their competitions.

Dentist Home Loan Experts In New Rochelle New York

If you are trying to find a dentist mortgage in New Rochelle New York then you came to the right place.

You’ve trained very hard to become a dentist and buying home really 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 mortgage is a specialty loan program put together just for dentists in the home buying process.

We understand the personal financial demands of your student loan liability, and how vital it is to maintain working capital for when the time is right with embarking upon your dental career. No matter if you are a couple years into practice, or a well established dentist, you can depend on us to find a mortgage loan that is exclusively tailored for your needs.

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

Despite these factors smart financial institutions know that dentists are a good bet due to the fact that they traditionally have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do simply talking with the best mortgage officer makes an enormous difference.

Benefits of Dentist Mortgage Loans

Typically does not include student loan regular monthly payments in debt-to-income percentage.
Requires small to no down payment (0-5 percent).
Generally does not call for private mortgage insurance (PMI), despite the fact that 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.

Buying a home doesn’t have to empty your savings and the process doesn’t have 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 funds?

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 cases, you’ll get your mortgage loan paid off sooner and save thousands on interest too.

Additionally, don’t overlook that having equity in your home will provide more security and flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to begin under water. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price simply to get out of the home.

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

Dentists, get the house of your dreams with our New Rochelle New York dentist home mortgage program!