Home Mortgage For Dentists Moore Oklahoma

Whether or not you are a first time home buyer or purchasing a new home in Moore Oklahoma, our vetted loan officers have a strong understanding of the local real estate market and what it requires to close your dentist mortgage with efficiency and know-how.

Our loan officers in Moore Oklahoma provide specialized financing for dentists, like you.

To start with, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable customers 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 requirements than their competition.

Dentist Mortgage Experts In Moore Oklahoma

If you are looking for a dentist mortgage loan in Moore Oklahoma then you came to the perfect place.

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

Yup, dentists get their own home loan!

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

We recognize the financial demands of your student loan financial obligation, and how crucial it is to maintain working capital for when the time is right with embarking upon 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 mortgage loan that is exclusively tailored for your needs.

Quite a few dental experts in Moore Oklahoma may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or very little to no work history.

Despite these factors smart lending institutions know that dentists are a good bet due to the fact that they typically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

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

Benefits of Dentist Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even if lower than 20 percent down payment.
  • Will accept a contract as evidence of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some cash to put down or are considering 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 mortgage loan paid off earlier and save thousands on interest too.

Furthermore, don’t forget that having equity in your house will most likely provide greater security and flexibility, specifically if something unanticipated 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 need to be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

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

Dentists, get the house of your dreams with our Moore Oklahoma dentist home loan program!