Dentist Home Loan Gaithersburg Maryland

Whether you are a first time home buyer or purchasing a new home in Gaithersburg Maryland, our vetted loan officers have a solid understanding of the local area real estate industry and what it really takes to close your dentist mortgage with competency and know-how.

Our loan officers in Gaithersburg Maryland offer specialized financing for dentists, just like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really profitable clients 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 loaning them more money with fewer terms than their competitors.

Dentist Mortgage Experts In Gaithersburg Maryland

If you are looking for a dentist mortgage in Gaithersburg Maryland then you came to the perfect place.

You’ve trained very hard to become a dentist and purchasing 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 specifically for dentists?

Yup, dentists get their own mortgage!

A dentist home loan is a special loan program designed just for dentists in the home purchasing process.

We are aware of the economic demands of your student loan liability, and how crucial it is to preserve 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 depend on us to find a home loan that is exclusively tailored for your needs.

Quite a few dental experts in Gaithersburg Maryland may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or little to no work history.

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

Not all banks offer this specialized product and within banks that do simply consulting with the right home loan officer makes a remarkable difference.

Benefits of Dentist Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as evidence of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

Suppose you have some money to put down or are considering delaying until you have the funds?

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

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

Furthermore, don’t forget that having equity in your home will likely provide greater security and flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should anticipate to start out under water. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the home.

Regardless of whether you are relocating down the street, across town or across the country, we are here to work with you throughout the dentist home loan process:: because you deserve it!

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