Dentist Home Loan Eugene Oregon

Regardless of whether our clients are a first time home buyer or purchasing a new home in Eugene Oregon, our vetted loan officers have a solid understanding of the local real estate market and what it takes to close your dentist mortgage with efficiency and expertise.

Our loan officers in Eugene Oregon provide special financing for dentists, like you.

First off, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are really profitable customers for lenders. They take out big loans early in their careers and almost always pay them off. Lenders use dentist home loans to secure early career dentists by loaning them more money with far fewer requirements than their competition.

Dentist Mortgage Experts In Eugene Oregon

If you are trying to find a dentist mortgage in Eugene Oregon then you came to the perfect place.

You’ve trained very hard to become a dentist and buying 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 only for dentists?

Yup, dentists get their own mortgage!

A dentist mortgage is a specialized loan program developed just for dentists in the home purchasing process.

We recognize the economic demands of your student loan financial obligation, and how vital it is to maintain 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 depend on us to find a mortgage loan that is specially tailored for your needs.

Many dental experts in Eugene Oregon may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

Despite these reasons smart lending institutions know that dentists are a good choice considering that they typically have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all banks offer this specialized product and within banking institutions that do simply talking to the right home loan officer makes a significant difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a home doesn’t need to empty your savings and the process doesn’t need 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 scenario looks like and the benefits of each too.

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

Furthermore, don’t forget that having equity in your house will definitely offer more security and flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to begin under water. 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 simply to get out of the home.

Whether you’re relocating down the road, across town or across the country, we are right here to assist you through the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Eugene Oregon dentist home mortgage program!