Dentist Home Loan Lafayette Louisiana

Whether or not you are a first time home buyer or purchasing a new home in Lafayette Louisiana, our vetted loan officers have a strong understanding of the local real estate industry and what it requires to close your dentist mortgage with efficiency and expertise.

Our loan officers in Lafayette Louisiana offer special financing for dentists, just like you.

First and foremost, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are really profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use dentist home loans to secure early career dentists by lending them more money with fewer terms than their competitors.

Dentist Home Loan Experts In Lafayette Louisiana

If you are trying to find a dentist mortgage loan in Lafayette Louisiana then you came to the right place.

You’ve trained very hard to become a dentist and buying home shouldn’t 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 home loan!

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

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

Quite a few dental experts in Lafayette Louisiana 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 lending institutions know that dentists are a good choice because they historically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all financial institutions offer this specialized product and within banking institutions that do just simply talking to the right mortgage officer makes an enormous difference.

Benefits of Dentist Home Mortgage Loans

  • Usually 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), even when lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

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

Our mortgage 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 mortgage paid off earlier and save thousands on interest rates too.

Additionally, don’t forget that having equity in your house will likely provide greater security and flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you ought to anticipate to begin underwater. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially big check for up to 10% of the purchase price just to get out of the house.

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

Dentists, get the home of your dreams with our Lafayette Louisiana dentist home loan program!