Regardless if our clients are a first time home buyer or buying a new home in Duluth Minnesota, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to secure your dentist mortgage with efficiency and expertise.
Our loan officers in Duluth Minnesota provide specialized financing for dentists, like you.
First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are very 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 a fewer number of terms than their competitors.
If you are looking for a dentist home loan in Duluth Minnesota then you came to the perfect place.
You’ve trained 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 mortgage!
A dentist mortgage is a customized loan program developed just for dentists in the home purchasing process.
We are aware of the personal financial demands of your student loan liability, and how vital it is to maintain 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 count on us to find a home loan that is specially tailored for your needs.
Many dental experts in Duluth Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or little to no work history.
Despite these reasons smart lenders 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 mortgage lenders offer this specialized product and within banks that do simply talking to the right mortgage loan officer makes a remarkable difference.
Purchasing a house doesn’t have to empty your savings and the process doesn’t have to drain your time.
What if you have some cash to put down or are considering waiting until you have the cash?
Our mortgage lenders can do the math for you and show you what each scenario looks like and the advantages of each too.
In most situations, you’ll get your mortgage paid off sooner and save thousands on interest too.
Additionally, don’t overlook that having equity in your house will likely offer greater security and flexibility, especially if something unexpected happens. With the 100% financed dentist home mortgage loan, you should anticipate to begin underwater. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the house.
Whether you are relocating down the road, across town or across the country, we are here to help you throughout the dentist home loan process:: because you deserve it!
Dentists, get the house of your dreams with our Duluth Minnesota dentist home mortgage program!