Whether or not you are a first time home buyer or buying a new home in Edina Minnesota, our vetted loan officers have a strong understanding of the local area real estate market and what it requires to secure your dentist mortgage with efficiency and expertise.
Our loan officers in Edina 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 customers 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 looking for a dentist home loan in Edina Minnesota then you came to the right place.
You’ve trained very hard to become a dentist and purchasing home shouldn’t be nearly as challenging.
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 specialized loan program put together just for dentists in the home purchasing process.
We are aware of the financial demands of your student loan financial obligation, and how important it is to maintain working capital for when the time is right with embarking upon 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 exclusively tailored for your needs.
Many dental experts in Edina Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.
Despite these reasons smart lending institutions know that dentists are a good bet 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 banking institutions that do just simply consulting with the best mortgage officer makes a remarkable difference.
Buying a home doesn’t have to drain 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 loan providers 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 home loan paid off earlier and save thousands of dollars on interest rates too.
Furthermore, don’t forget that having equity in your home will likely provide more security and flexibility, specifically if something unplanned happens. With the 100% financed dentist 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 large check for up to 10% of the purchase price simply to get out of the home.
Regardless of whether you are relocating down the street, across town or across the country, we are right here to assist you throughout the dentist home loan process:: because you deserve it!
Dentists, get the house of your dreams with our Edina Minnesota dentist home mortgage program!