Dentist Home Loan In Chicago Illinois

Preferred Dentist Loan Officer

Doug Crouse
NMLS# 363861
Mobile: (816) 728-3631
Email: doug.crouse@umb.com
Website: www.DentistLoanExpert.com

I began doing mortgages in 1999 and I have done 100’s of mortgage loans for doctor families over the years. Being married to a doctor myself for the past 15 years I have a first hand perspective on the contracts, student loans, and the unique needs and circumstances your family faces.

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Regardless if you are a first time home buyer or buying a new home in Chicago Illinois, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to close your dentist home loan with proficiency and know-how.

Our loan officers in Chicago Illinois offer exclusive financing for dentists, like you.

First, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are very profitable clients for lenders. 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 far fewer requirements than their competitors.

Dentist Home Loan Experts In Chicago Illinois

If you are looking for a dentist mortgage in Chicago Illinois then you came to the right place.

You’ve worked very hard to become a dentist and buying home shouldn’t 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 mortgage!

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

We are aware of the personal financial demands of your student loan liability, and how essential it is to maintain working capital for when the time is right with launching your dental career. Whether 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.

Many dental experts in Chicago Illinois 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 factors smart lending institutions know that dentists are a good bet because they generally have an exceptionally low default rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Generally does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as proof of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

What if you have some funds to put down or are looking at waiting until you have the money?

Our loan providers 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 loan paid off earlier and save thousands on interest rates too.

Furthermore, don’t overlook that having equity in your home will likely provide greater security and overall flexibility, particularly if something unplanned happens. With the 100% financed dentist home mortgage loan, you should anticipate to start out 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 up to 10% of the purchase price simply to get out of the house.

No matter if you’re relocating down the road, across town or across the country, we are right here to help you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Chicago Illinois dentist home loan program!