Dentist Home Loan Program Madison Alabama

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

Our loan officers in Madison Alabama provide exclusive financing for dentists, just like you.

To start with, let’s talk about why dentist mortgage loans even exist. The main 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 loaning them more money with fewer requirements than their competition.

Dentist Mortgage Experts In Madison Alabama

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

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

Yup, dentists get their own loan!

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

We recognize the financial demands of your student loan financial debt, and how vital 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 count on us to find a mortgage loan that is specifically tailored for your needs.

Many dentists in Madison Alabama may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

Despite these reasons smart lenders know that dentists are a good choice because they generally have an extremely low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banks that do just simply speaking with the best mortgage officer makes an enormous difference.

Benefits of Dentist Mortgage Loans

  • Typically does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Generally does not call for 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, that don’t yet exist.

Buying a house doesn’t need to empty 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 thinking about delaying until you have the money?

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

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

Furthermore, don’t forget that having equity in your home will provide greater security and overall flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially big check for as much as 10% of the purchase price simply to get out of the house.

Regardless of whether you are moving down the road, across town or across the country, we are available to help you throughout the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Madison Alabama dentist home mortgage program!