Dentist Home Loan Idaho

Whether or not you are a first time home buyer or buying a new home in Idaho, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to close your dentist mortgage with competency and expertise.

Our loan officers in Idaho offer specialized financing for dentists, like you.

First, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are very profitable clients 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 fewer number of stipulations than their competitors.

Dentist Home Loan Experts In Idaho

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

You’ve worked very hard to become a dentist and purchasing home 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 specialty loan program put together just for dentists in the home buying process.

We understand the financial demands of your student loan financial obligation, and how important 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 rely on us to find a home loan that is specifically tailored for your needs.

Many dental experts in Idaho 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 because they typically have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do simply talking to the best 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 percentage.
  • Typically requires small to no down payment (0-5 percent).
  • Generally does not require private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Generally will accept a contract as documentation of future earnings, in lieu 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?

Suppose you have some money to put down or are looking at waiting until you have the money?

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

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

Additionally, don’t forget that having equity in your house will definitely offer more security and overall flexibility, particularly if something unplanned happens. With the 100% financed dentist home mortgage loan, you ought to anticipate to start out underwater. If something does not work out and you’re 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’re moving down the road, across town or across the country, we are here to assist you all throughout the dentist home mortgage process:: because you deserve it!

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

Top cities in Idaho for a dentist home loan.