Regardless of whether our clients are a first time home buyer or purchasing a new home in Elgin Illinois, our vetted loan officers have a strong understanding of the local area real estate industry and what it really takes to close your dentist home mortgage with competency and know-how.
Our loan officers in Elgin Illinois offer specialized financing for dentists, exactly like you.
To start with, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely 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 lock in early career dentists by lending them more money with fewer requirements than their competitors.
If you are searching for a dentist home loan in Elgin Illinois then you came to the perfect place.
You’ve worked very hard to become a dentist and purchasing home really should not 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 specifically for dentists?
Yup, dentists get their own mortgage!
A dentist home mortgage is a customized loan program created just for dentists in the home purchasing process.
We understand the economic demands of your student loan financial obligation, and how crucial it is to preserve working capital for when the time is right with launching your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specially tailored for your needs.
Quite a few dentists in Elgin Illinois 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 financial institutions know that dentists are a good choice because they traditionally have an incredibly low default rate on loans, high earning potential and stable jobs.
Not all mortgage lenders offer this specialized product and within banks that do just simply speaking with the right mortgage officer makes a remarkable difference.
Purchasing a home doesn’t need to drain your savings and the process doesn’t need to drain your time.
Suppose you have some cash to put down or are looking at delaying until you have the cash?
Our lenders can do the math for you and show you what each situation looks like and the advantages of each too.
In most cases, you’ll get your home loan paid off sooner and save thousands on interest too.
Furthermore, don’t overlook that having equity in your house will most likely offer more security and flexibility, particularly if something unexpected happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.
No matter if you are relocating down the road, across town or across the country, we are right here to lend a hand you throughout the dentist home mortgage process:: because you deserve it!
Dentists, get the home of your dreams with our Elgin Illinois dentist home mortgage program!