Home Mortgage For Dentists In Stillwater Oklahoma

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 buying a new home in Stillwater Oklahoma, 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 mortgage with competency and know-how.

Our loan officers in Stillwater Oklahoma offer specialized financing for dentists, just like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are really profitable clients for financial institutions. 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 stipulations than their competitors.

Dentist Home Mortgage Experts In Stillwater Oklahoma

If you are looking for a dentist mortgage loan in Stillwater Oklahoma then you came to the perfect place.

You’ve worked very hard to become a dentist and buying 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 just for dentists?

Yup, dentists get their own loan!

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

We recognize the budgetary demands of your student loan financial debt, and how crucial it is to maintain working capital for when the time is right with starting 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 home loan that is specially tailored for your needs.

A lot of dental experts in Stillwater Oklahoma may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

Despite these factors smart financial institutions know that dentists are a good choice because they traditionally have an exceptionally low default rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Home Mortgage Loans

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

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

Should You Put Money Down?

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

Our mortgage lenders 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 loan paid off earlier and save thousands on interest rates too.

Furthermore, don’t overlook that having equity in your house will definitely provide greater security and flexibility, especially if something unexpected 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 big check for as much as 10% of the purchase price simply to get out of the home.

No matter if you’re moving down the street, across town or across the country, we are available to assist you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Stillwater Oklahoma dentist home mortgage program!