Dentist Home Loan Fresno California

Regardless of whether you are a first time home buyer or purchasing a new home in Fresno California, our vetted loan officers have a strong understanding of the local real estate industry and what it really requires to secure your dentist home loan with competency and expertise.

Our loan officers in Fresno California offer specialized financing for dentists, exactly like you.

First, let’s discuss why dentist mortgage loans even exist. The main 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 a lot fewer terms than their competition.

Dentist Home Loan Experts In Fresno California

If you are searching for a dentist home loan in Fresno California then you came to the perfect 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 just for dentists?

Yup, dentists get their own mortgage!

A dentist mortgage is a specialty loan program put together just for dentists in the home buying process.

We are aware of the budgetary demands of your student loan liability, and how vital it is to maintain working capital for when the time is right with starting your dental career. Whether you are a couple years into practice, or a well established dentist, you can rely on us to find a home loan that is specifically tailored for your needs.

A lot of dental professionals in Fresno California may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or minimal to no work history.

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

Not all financial institutions offer this specialized product and within banking institutions that do simply talking with the right mortgage loan officer makes a significant difference.

Benefits of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as proof of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

Buying a house doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Money Down?

What if you have some money to put down or are looking at delaying until you have the funds?

Our lenders can do the math for you and show you what each circumstance looks like and the advantages of each too.

In most cases, you’ll get your home loan paid off earlier and save thousands on interest too.

Additionally, don’t forget that having equity in your house will offer more security and flexibility, particularly if something unplanned happens. With the 100% financed dentist mortgage loan, you ought to expect to start out under water. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the street, across town or across the country, we are available to help you throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the house of your dreams with our Fresno California dentist home loan program!