Whether or not our clients are a first time home buyer or purchasing a new home in Detroit Michigan, our vetted loan officers have a solid understanding of the local area real estate market and what it really takes to close your dentist home mortgage with competency and know-how.
Our loan officers in Detroit Michigan offer special financing for dentists, just like you.
To start with, let’s discuss why dentist mortgage loans even exist. The 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 loaning them more money with far fewer requirements than their competitors.
If you are searching for a dentist mortgage in Detroit Michigan then you came to the right place.
You’ve trained 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 mortgage is a special loan program put together just for dentists in the home purchasing process.
We recognize the personal financial demands of your student loan debt, and how essential it is to maintain working capital for when the time is right with embarking upon your dental career. No matter if you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is exclusively tailored for your needs.
Quite a few dental experts in Detroit Michigan may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or very little to no work history.
Despite these reasons smart lenders know that dentists are a good bet due to the fact that they typically have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.
Not all mortgage lenders offer this specialized product and within banking institutions that do simply talking to the right home loan officer makes an enormous difference.
Buying a home doesn’t need to empty your savings and the process doesn’t have to drain your time.
Suppose you have some funds to put down or are looking at 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 benefits of each too.
In most instances, you’ll get your mortgage paid off earlier and save thousands of dollars on interest too.
Furthermore, don’t overlook that having equity in your home will likely provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should expect to start out under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price just to get out of the house.
No matter if you are relocating down the street, 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 home of your dreams with our Detroit Michigan dentist home mortgage program!