Home Mortgage For Dentists In Sierra Vista Arizona

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 buying a new home in Sierra Vista Arizona, our vetted loan officers have a strong understanding of the local real estate industry and what it really requires to secure your dentist home loan with efficiency and expertise.

Our loan officers in Sierra Vista Arizona provide specialized financing for dentists, exactly like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really 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 terms than their competitors.

Dentist Home Mortgage Experts In Sierra Vista Arizona

If you are trying to find a dentist mortgage loan in Sierra Vista Arizona then you came to the right place.

You’ve worked very hard to become a dentist and purchasing 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 only for dentists?

Yup, dentists get their own loan!

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

We understand the financial demands of your student loan debt, and how important it is to preserve working capital for when the time is right with launching 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 specially tailored for your needs.

A large number of dentists in Sierra Vista Arizona may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

Despite these factors smart loan providers know that dentists are a good choice considering that they historically have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banking institutions that do simply consulting with the right home loan officer makes a significant difference.

Benefits of Dentist Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as proof of future earnings, instead 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 Cash Down?

Suppose 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 situation looks like and the benefits of each too.

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

Additionally, don’t forget that having equity in your home will likely provide greater security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you ought to expect to start out under water. If something doesn’t work out and you are 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 home.

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 mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our az geo dentist home loan program!