Home Mortgage For Dentists In Spartanburg South Carolina

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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Whether or not you are a first time home buyer or purchasing a new home in Spartanburg South Carolina, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to secure your dentist home loan with proficiency and expertise.

Our loan officers in Spartanburg South Carolina offer exclusive financing for dentists, just like you.

First, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are extremely 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 requirements than their competitors.

Dentist Home Loan Experts In Spartanburg South Carolina

If you are searching for a dentist home loan in Spartanburg South Carolina then you came to the right place.

You’ve trained very hard to become a dentist and buying home really 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 specifically for dentists?

Yup, dentists get their own mortgage!

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

We recognize the economic demands of your student loan debt, and how important it is to preserve working capital for when the time is right with embarking upon your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can depend on us to find a mortgage loan that is specially tailored for your needs.

Quite a few dental professionals in Spartanburg South Carolina may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or little to no work history.

Despite these reasons smart lenders know that dentists are a good bet considering that they typically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan 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), despite the fact that lower than 20 percent down payment.
  • Will accept 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 drain your savings and the process doesn’t need to drain your time.

Should You Put Cash Down?

Suppose you have some money to put down or are looking at delaying until you have the cash?

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

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

Furthermore, don’t forget that having equity in your house will definitely offer greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for up to 10% of the purchase price simply to get out of the house.

No matter if you are moving 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 Spartanburg South Carolina dentist home mortgage program!