Dentist Mortgage In Bowie Maryland

Regardless if you are a first time home buyer or buying a new home in Bowie Maryland, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to secure your dentist mortgage with competency and know-how.

Our loan officers in Bowie Maryland provide special financing for dentists, exactly like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable customers for lenders. 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 fewer number of terms than their competitors.

Dentist Home Loan Experts In Bowie Maryland

If you are searching for a dentist home loan in Bowie Maryland then you came to the right 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 just for dentists?

Yup, dentists get their own mortgage!

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

We are aware of the economic demands of your student loan debt, and how important it is to preserve 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 rely on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these reasons smart loan providers know that dentists are a good bet considering that they generally have an exceptionally low default rate on loans, high earning potential and stable jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Often does not necessitate private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept 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 have to drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

Suppose you have some money to put down or are thinking about waiting until you have the money?

Our loan providers can do the math for you and show you what each scenario looks like and the advantages of each too.

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

Additionally, don’t overlook that having equity in your house will definitely provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something does not 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 house.

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

Dentists, get the house of your dreams with our Bowie Maryland dentist home mortgage program!