Dentist Home Loan In Charleston South Carolina

Regardless if our clients are a first time home buyer or buying a new home in Charleston South Carolina, our vetted loan officers have a strong understanding of the local real estate industry and what it really takes to secure your dentist mortgage with competency and know-how.

Our loan officers in Charleston South Carolina provide specialized financing for dentists, just like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really 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 lock in early career dentists by loaning them more money with fewer terms than their competitors.

Dentist Home Mortgage Experts In Charleston South Carolina

If you are searching for a dentist mortgage loan in Charleston South Carolina then you came to the perfect place.

You’ve worked very hard to become a dentist and purchasing home 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 loan!

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

We are aware of the personal financial demands of your student loan financial obligation, and how essential it is to preserve 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 home loan that is exclusively tailored for your needs.

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

Despite these reasons smart lending institutions know that dentists are a good bet due to the fact that they traditionally have an incredibly low default rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires very low to no down payment (0-5 percent).
  • Generally does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as documentation of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your house will likely provide more security and flexibility, specifically if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you are forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

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

Dentists, get the house of your dreams with our Charleston South Carolina dentist home loan program!