Dentist Home Loan In Shreveport Louisiana

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 you are a first time home buyer or purchasing a new home in Shreveport Louisiana, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to close your dentist home loan with competency and expertise.

Our loan officers in Shreveport Louisiana provide exclusive financing for dentists, just like you.

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

Dentist Home Loan Experts In Shreveport Louisiana

If you are searching for a dentist mortgage loan in Shreveport Louisiana 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 mortgage!

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

We understand the budgetary demands of your student loan financial obligation, 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 count on us to find a mortgage loan that is specially tailored for your needs.

Many dentists in Shreveport Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or minimal to no work history.

Despite these factors smart lenders know that dentists are a good choice due to the fact that they typically have an incredibly low default rate on loans, high earning potential and stable jobs.

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

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some funds to put down or are considering waiting until you have the money?

Our lenders can do the math for you and show you what each situation looks like and the benefits of each too.

In most cases, you’ll get your home loan paid off earlier and save thousands on interest too.

Furthermore, don’t forget that having equity in your home will definitely provide greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you ought to expect to begin underwater. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the home.

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

Dentists, get the home of your dreams with our Shreveport Louisiana dentist home mortgage program!