Home Mortgage For Dentists Evanston Illinois

Preferred Dentist Loan Officer

Doug Crouse
NMLS# 363861
Mobile: (816) 728-3631
Email: doug.crouse@umb.com
Website: www.DentistLoanExpert.com

I began doing mortgages in 1999 and I have done 100’s of mortgage loans for doctor families over the years. Being married to a doctor myself for the past 15 years I have a first hand perspective on the contracts, student loans, and the unique needs and circumstances your family faces.

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Whether our clients are a first time home buyer or purchasing a new home in Evanston Illinois, our vetted loan officers have a strong understanding of the local area real estate market and what it really requires to close your dentist home mortgage with proficiency and know-how.

Our loan officers in Evanston Illinois offer exclusive financing for dentists, just like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are really 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 lending them more money with fewer terms than their competitors.

Dentist Home Mortgage Experts In Evanston Illinois

If you are searching for a dentist mortgage in Evanston Illinois then you came to the right place.

You’ve worked 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 specifically for dentists?

Yup, dentists get their own home loan!

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

We understand the economic demands of your student loan financial obligation, and how essential it is to maintain working capital for when the time is right with starting your dental career. Regardless if you are a couple years into practice, or a well established dentist, you can rely on us to find a mortgage loan that is specifically tailored for your needs.

Many dental experts in Evanston Illinois 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 factors smart loan providers know that dentists are a good choice considering that 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 banks that do simply consulting with the best mortgage loan officer makes a tremendous difference.

Advantages of Dentist Home Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires low to no down payment (0-5 percent).
  • Generally does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

Buying a home doesn’t need to empty your savings and the process doesn’t have 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 lenders can do the math for you and show you what each scenario looks like and the advantages of each too.

In most circumstances, you’ll get your home mortgage paid off earlier and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your house will most likely offer greater security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to start out underwater. 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 up to 10% of the purchase price simply to get out of the house.

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

Dentists, get the home of your dreams with our Evanston Illinois dentist home mortgage program!