Dentist Home Loan In New Haven Connecticut

Whether our clients are a first time home buyer or buying a new home in New Haven Connecticut, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to secure your dentist home loan with proficiency and expertise.

Our loan officers in New Haven Connecticut offer exclusive financing for dentists, just like you.

First, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are extremely 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 loaning them more money with far fewer terms than their competitors.

Dentist Mortgage Experts In New Haven Connecticut

If you are searching for a dentist home loan in New Haven Connecticut then you came to the right place.

You’ve worked 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 loan!

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

We are aware of the financial demands of your student loan debt, and how essential it is to preserve 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 home loan that is specially tailored for your needs.

Quite a few dentists in New Haven Connecticut 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 factors smart financial institutions know that dentists are a good choice because they traditionally have an exceptionally low default rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do simply speaking to the best home loan officer makes a significant difference.

Advantages of Dentist Home Mortgage Loans

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

Purchasing a home doesn’t need to drain 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 considering delaying until you have the cash?

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 mortgage paid off earlier and save thousands of dollars on interest too.

Furthermore, don’t overlook that having equity in your house will offer greater security and flexibility, especially if something unexpected happens. With the 100% financed dentist mortgage loan, you ought to anticipate 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 sizable check for as much as 10% of the purchase price just to get out of the house.

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

Dentists, get the home of your dreams with our New Haven Connecticut dentist home mortgage program!