Dentist Home Loan In Pasadena Texas

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 if our clients are a first time home buyer or buying a new home in Pasadena Texas, our vetted loan officers have a strong understanding of the local area real estate industry and what it requires to close your dentist mortgage with proficiency and expertise.

Our loan officers in Pasadena Texas offer exclusive financing for dentists, exactly like you.

To start with, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are very 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 loaning them more money with a lot fewer requirements than their competitors.

Dentist Home Loan Experts In Pasadena Texas

If you are trying to find a dentist mortgage in Pasadena Texas then you came to the perfect place.

You’ve worked 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 specifically for dentists?

Yup, dentists get their own home loan!

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

We recognize the financial demands of your student loan financial debt, and how essential it is to preserve working capital for when the time is right with starting your dental career. Whether you are a couple years into practice, or a well established dentist, you can rely on us to find a mortgage loan that is exclusively tailored for your needs.

Many dental professionals in Pasadena Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or little to no work history.

Despite these reasons smart lending institutions know that dentists are a good bet due to the fact that they historically have an incredibly low nonpayment 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 mortgage officer makes a tremendous difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Generally does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as evidence of future earnings, in lieu 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 Money Down?

What if you have some funds to put down or are looking at delaying 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 situations, you’ll get your mortgage loan paid off sooner and save thousands on interest too.

Furthermore, don’t overlook that having equity in your house will likely offer greater security and flexibility, particularly if something unplanned happens. With the 100% financed dentist home 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 large check for up to 10% of the purchase price simply to get out of the home.

Whether you’re moving down the road, across town or across the country, we are right here to lend a hand you throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Pasadena Texas dentist home loan program!