Home Mortgage For Dentists Lake Charles Louisiana

Regardless if you are a first time home buyer or purchasing a new home in Lake Charles Louisiana, our vetted loan officers have a strong understanding of the local area real estate industry and what it takes to secure your dentist home mortgage with efficiency and know-how.

Our loan officers in Lake Charles Louisiana provide specialized financing for dentists, like you.

First and foremost, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely 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 secure early career dentists by loaning them more money with far fewer requirements than their competitors.

Dentist Mortgage Experts In Lake Charles Louisiana

If you are searching for a dentist home loan in Lake Charles Louisiana then you came to the right place.

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

Yup, dentists get their own home loan!

A dentist home loan is a specialized loan program created just for dentists in the home purchasing process.

We are aware of the budgetary demands of your student loan financial obligation, and how vital 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 rely on us to find a home loan that is exclusively tailored for your needs.

Many dental experts in Lake Charles Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial obligation or very little to no work history.

Despite these reasons 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 financial institutions offer this specialized product and within banks that do simply talking with the best mortgage officer makes a remarkable difference.

Benefits of Dentist Mortgage Loans

  • Generally does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will approve an agreement as documentation of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

What if you have some cash to put down or are thinking about waiting until you have the money?

Our loan providers 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 home loan 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 unforeseen 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 up to 10% of the purchase price simply to get out of the house.

No matter if you’re moving down the road, across town or across the country, we are available to assist you all throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Lake Charles Louisiana dentist home loan program!