Home Mortgage For Dentists Waterbury Connecticut

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 buying a new home in Waterbury Connecticut, our vetted loan officers have a solid understanding of the local area real estate industry and what it really requires to secure your dentist mortgage with competency and expertise.

Our loan officers in Waterbury Connecticut provide special financing for dentists, exactly like you.

To start with, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely profitable customers for lending 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 far fewer terms than their competitors.

Dentist Home Loan Experts In Waterbury Connecticut

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

You’ve worked 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 only for dentists?

Yup, dentists get their own home loan!

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

We recognize the personal financial demands of your student loan financial debt, and how vital 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 depend on us to find a mortgage loan that is specifically tailored for your needs.

A large number of dental professionals in Waterbury Connecticut may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or very little to no work history.

Despite these factors smart lending institutions know that dentists are a good choice considering that they historically have an extremely low default rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banks that do just simply speaking to the right mortgage 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 small to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Purchasing a house doesn’t need 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 looking at waiting until you have the funds?

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

In most circumstances, you’ll get your home loan paid off sooner and save thousands on interest rates too.

Additionally, don’t forget that having equity in your home will definitely provide greater security and flexibility, especially if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to anticipate 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 big check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you are moving down the street, across town or across the country, we are here to help you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Waterbury Connecticut dentist home loan program!