Home Mortgage For Dentists Davenport Iowa

Regardless of whether our clients are a first time home buyer or purchasing a new home in Davenport Iowa, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to close your dentist home mortgage with competency and know-how.

Our loan officers in Davenport Iowa provide special financing for dentists, like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely 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 lock in early career dentists by lending them more money with far fewer terms than their competition.

Dentist Home Loan Experts In Davenport Iowa

If you are searching for a dentist mortgage loan in Davenport Iowa 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 only for dentists?

Yup, dentists get their own loan!

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

We understand the economic demands of your student loan financial obligation, 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 depend on us to find a home loan that is specifically tailored for your needs.

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

Despite these factors smart lenders know that dentists are a good choice because they traditionally have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires low to no down payment (0-5 percent).
  • Typically 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 need to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your house will most likely provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist 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 just to get out of the home.

Regardless of whether you’re moving down the street, across town or across the country, we are here to help you through the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Davenport Iowa dentist home mortgage program!