Dentist Home Loan St Charles Missouri

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 you are a first time home buyer or purchasing a new home in St Charles Missouri, our vetted loan officers have a strong understanding of the local real estate industry and what it takes to close your dentist mortgage with proficiency and know-how.

Our loan officers in St Charles Missouri provide exclusive financing for dentists, just like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are extremely profitable customers 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 Mortgage Experts In St Charles Missouri

If you are trying to find a dentist home loan in St Charles Missouri 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 just for dentists?

Yup, dentists get their own loan!

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

We are aware of the economic demands of your student loan debt, and how essential it is to preserve working capital for when the time is right with embarking upon your dental career. Regardless if you are a couple years into practice, or a well established dentist, you can count on us to find a home loan that is exclusively tailored for your needs.

Quite a few dentists in St Charles Missouri may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

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

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

Advantages of Dentist Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a home doesn’t have to empty your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

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

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

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

Furthermore, don’t forget that having equity in your house will most likely provide greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out underwater. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

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

Dentists, get the home of your dreams with our St Charles Missouri dentist home loan program!