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.
Regardless if you are a first time home buyer or purchasing a new home in Wausau Wisconsin, our vetted loan officers have a solid understanding of the local real estate market and what it requires to close your dentist home mortgage with proficiency and know-how.
Our loan officers in Wausau Wisconsin offer exclusive financing for dentists, like you.
First and foremost, let’s talk about why dentist mortgage loans even exist. The 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 far fewer terms than their competitions.
Dentist Mortgage Experts In Wausau Wisconsin
If you are trying to find a dentist mortgage loan in Wausau Wisconsin then you came to the perfect place.
You’ve trained very hard to become a dentist and purchasing 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 loan!
A dentist home mortgage is a specialty loan program put together just for dentists in the home buying process.
We recognize the personal financial demands of your student loan liability, and how important it is to maintain working capital for when the time is right with launching your dental career. Regardless if you are a couple years into practice, or a well established dentist, you can depend on us to find a home loan that is specifically tailored for your needs.
A large number of dentists in Wausau Wisconsin 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 factors smart lending institutions know that dentists are a good choice because they historically have an exceptionally 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 consulting with the right mortgage officer makes an enormous difference.
Advantages of Dentist Home Mortgage Loans
- Generally does not include student loan monthly payments in debt-to-income ratio.
- Requires small to no down payment (0-5 percent).
- Typically does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
- Will approve a contract as evidence of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.
Purchasing a house doesn’t need to drain your savings and the process doesn’t have to drain your time.
Should You Put Cash Down?
What if you have some cash 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 scenario looks like and the benefits of each too.
In most situations, you’ll get your mortgage paid off earlier and save thousands on interest too.
Furthermore, don’t overlook that having equity in your home will most likely provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to expect to begin under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.
Regardless of whether you are moving down the road, across town or across the country, we are available to help you throughout the dentist home loan process:: because you deserve it!
Dentists, get the house of your dreams with our Wausau Wisconsin dentist home loan program!


