Dentist Home Loan West Virginia

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 West Virginia, our vetted loan officers have a strong understanding of the local real estate market and what it really requires to secure your dentist home mortgage with competency and expertise.

Our loan officers in West Virginia offer exclusive financing for dentists, just like you.

To start with, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very 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 secure early career dentists by loaning them more money with a lot fewer requirements than their competitors.

Dentist Home Mortgage Professionals In West Virginia

If you are trying to find a dentist home loan in West Virginia then you came to the perfect place.

You’ve trained very hard to become a dentist and purchasing home shouldn’t 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 specifically for dentists?

Yup, dentists get their own loan!

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

We are aware of the budgetary demands of your student loan financial obligation, and how important it is to maintain working capital for when the time is right with embarking upon your dental career. No matter 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 specifically tailored for your needs.

Many dental professionals in West Virginia may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or minimal to no work history.

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

Not all lenders offer this specialized product and within banks that do just simply speaking to the best mortgage loan officer makes a tremendous difference.

Benefits of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Generally requires very low to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Usually will accept a contract as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

What if you have some cash to put down or are considering delaying until you have the funds?

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

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

Additionally, don’t forget that having equity in your house will definitely provide more security and overall flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should anticipate to begin under water. If something does not work out and you’re forced to sell quickly, you need to be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the house.

Whether you’re moving down the road, across town or across the country, we are here to assist you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our West Virginia dentist home mortgage program!

Top cities in West Virginia for a dentist home loan.