Dentist Home Loan Program North Charleston South Carolina

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 purchasing a new home in North Charleston South Carolina, our vetted loan officers have a solid understanding of the local area real estate market and what it takes to secure your dentist home mortgage with competency and expertise.

Our loan officers in North Charleston South Carolina offer exclusive financing for dentists, exactly 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 a lot fewer stipulations than their competitors.

Dentist Mortgage Experts In North Charleston South Carolina

If you are trying to find a dentist mortgage loan in North Charleston South Carolina then you came to the right place.

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

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

We understand the financial demands of your student loan debt, and how crucial it is to preserve 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 depend on us to find a home loan that is exclusively tailored for your needs.

A lot of dental professionals in North Charleston South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

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

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply talking with the best home loan officer makes a tremendous difference.

Advantages of Dentist Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve a contract as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a house doesn’t have 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 home loan paid off earlier and save thousands of dollars on interest rates too.

Furthermore, don’t overlook that having equity in your house will likely offer more security and flexibility, specifically if something unanticipated happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out underwater. If something does not 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 simply to get out of the house.

No matter if you are relocating down the street, across town or across the country, we are available to lend a hand you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our North Charleston South Carolina dentist home mortgage program!