Dentist Home Loan In Plano 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 of whether our clients are a first time home buyer or purchasing a new home in Plano Texas, our vetted loan officers have a solid understanding of the local area real estate industry and what it requires to secure your dentist home loan with proficiency and know-how.

Our loan officers in Plano Texas provide special financing for dentists, like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are very 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 a lot fewer requirements than their competitions.

Dentist Home Loan Experts In Plano Texas

If you are looking for a dentist mortgage in Plano 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 difficult.

Did you know there is a special loan that makes it easy for dentists to buy a home?

A home loan only for dentists?

Yup, dentists get their own mortgage!

A dentist mortgage is a customized loan program created just for dentists in the home buying process.

We are aware of the personal financial demands of your student loan financial debt, and how crucial it is to preserve working capital for when the time is right with launching your dental career. Whether or not 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.

A lot of dental experts in Plano Texas may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or minimal to no work history.

Despite these reasons smart loan providers know that dentists are a good bet due to the fact that they typically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Generally does not necessitate private mortgage insurance (PMI), even if 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.

Buying a house doesn’t have to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose you have some cash to put down or are thinking about delaying until you have the money?

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

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

Furthermore, don’t forget that having equity in your home will likely provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist home 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 simply to get out of the house.

Whether you’re moving down the street, across town or across the country, we are right here to help you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Plano Texas dentist home mortgage program!