Dentist Home Loan Alabama

Regardless of whether our clients are a first time home buyer or purchasing a new home in Alabama, our vetted loan officers have a strong understanding of the local area real estate industry and what it requires to close your dentist home loan with proficiency and expertise.

Our loan officers in Alabama provide exclusive 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 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 a lot fewer terms than their competitors.

Dentist Home Loan Experts In Alabama

If you are searching for a dentist mortgage loan in Alabama then you came to the right place.

You’ve worked 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 mortgage is a customized loan program made just for dentists in the home buying process.

We recognize the economic 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 rely on us to find a home loan that is exclusively tailored for your needs.

Many dentists in Alabama may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

Despite these reasons smart lending institutions know that dentists are a good bet considering that they traditionally have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions 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 monthly payments in debt-to-income percentage.
  • Usually requires low to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Generally will approve an agreement as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a house 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 cash?

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

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

Additionally, don’t overlook that having equity in your house will offer greater security and flexibility, especially if something unexpected happens. With the 100% financed dentist home mortgage loan, you should anticipate to start out underwater. If something doesn’t work out and you are 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 home.

Whether you are moving down the street, across town or across the country, we are right here to help you through the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our Alabama dentist home loan program!

Top cities in Alabama for a dentist home loan.

Auburn
Birmingham
Decatur
Dothan
Florence
Hoover
Huntsville
Madison
Mobile
Montgomery
Phenix City
Tuscaloosa