Home Mortgage For Dentists In Palm Bay Florida

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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Regardless of whether you are a first time home buyer or purchasing a new home in Palm Bay Florida, our vetted loan officers have a strong understanding of the local area real estate market and what it really takes to secure your dentist home loan with efficiency and know-how.

Our loan officers in Palm Bay Florida provide exclusive financing for dentists, like you.

First, let’s talk about why dentist mortgage loans even exist. The 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 lock in early career dentists by loaning them more money with a fewer number of stipulations than their competitors.

Dentist Mortgage Experts In Palm Bay Florida

If you are searching for a dentist home loan in Palm Bay Florida then you came to the perfect place.

You’ve trained 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 just for dentists?

Yup, dentists get their own home loan!

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

We recognize the personal financial demands of your student loan financial debt, and how important 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 count on us to find a home loan that is specially tailored for your needs.

Many dental experts in Palm Bay Florida may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

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

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

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

Buying a house doesn’t need to empty 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 thinking about waiting until you have the cash?

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

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

Furthermore, don’t overlook that having equity in your house will likely provide greater security and overall flexibility, especially if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to start out underwater. If something doesn’t work out and you’re forced to sell quickly, you should 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’re moving down the road, across town or across the country, we are available to work with you throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Palm Bay Florida dentist home mortgage program!