Dentist Home Loan Program In Frederick Maryland

Regardless of whether you are a first time home buyer or buying a new home in Frederick Maryland, our vetted loan officers have a solid understanding of the local area real estate market and what it really requires to secure your dentist home mortgage with competency and know-how.

Our loan officers in Frederick Maryland offer exclusive financing for dentists, like you.

To start with, 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 lock in early career dentists by lending them more money with a lot fewer stipulations than their competition.

Dentist Home Mortgage Experts In Frederick Maryland

If you are trying to find a dentist home loan in Frederick Maryland then you came to the right place.

You’ve worked very hard to become a dentist and buying home really 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 just for dentists?

Yup, dentists get their own mortgage!

A dentist home loan is a customized loan program put together just for dentists in the home purchasing process.

We understand the economic demands of your student loan financial debt, 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 count on us to find a home loan that is exclusively tailored for your needs.

Many dental professionals in Frederick Maryland may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or very little to no work history.

Despite these factors smart loan providers know that dentists are a good choice due to the fact that they typically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

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

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income percentage.
  • Requires low 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 documentation of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a house doesn’t have to drain 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 looking at waiting until you have the money?

Our loan providers can do the math for you and show you what each situation looks like and the advantages of each too.

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

Furthermore, don’t overlook that having equity in your house will most likely provide more security and flexibility, particularly if something unanticipated happens. With the 100% financed dentist mortgage loan, you should anticipate to start out under water. If something doesn’t 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 house.

Whether you’re relocating down the road, across town or across the country, we are available to lend a hand you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Frederick Maryland dentist home mortgage program!