Dentist Home Loan Program In Chicopee Massachusetts

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

Our loan officers in Chicopee Massachusetts offer special financing for dentists, exactly like you.

To start with, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are really profitable customers 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 a fewer number of requirements than their competition.

Dentist Mortgage Experts In Chicopee Massachusetts

If you are searching for a dentist home loan in Chicopee Massachusetts then you came to the right place.

You’ve trained very hard to become a dentist and purchasing 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 only for dentists?

Yup, dentists get their own mortgage!

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

We understand the financial demands of your student loan debt, and how essential it is to preserve working capital for when the time is right with starting your dental career. No matter 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 dental professionals in Chicopee Massachusetts may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these reasons smart loan providers know that dentists are a good bet due to the fact that they historically have an extremely low default rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banks that do just simply speaking with the right home loan officer makes an enormous difference.

Advantages of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as proof of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

Purchasing a home doesn’t have to drain your savings and the process doesn’t need to drain your time.

Should You Put Money Down?

What if you have some cash to put down or are considering waiting until you have the money?

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

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

Furthermore, don’t forget that having equity in your house will likely offer greater security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out under water. 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.

No matter if you are moving down the road, across town or across the country, we are here to assist you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Chicopee Massachusetts dentist home loan program!