Dentist Home Loan New Mexico

Regardless of whether our clients are a first time home buyer or purchasing a new home in New Mexico, our vetted loan officers have a strong understanding of the local real estate industry and what it really takes to secure your dentist home loan with proficiency and expertise.

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

First and foremost, let’s talk about why dentist mortgage loans even exist. The reason is that dentists are very profitable customers for lenders. 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 Home Loan Professionals In New Mexico

If you are searching for a dentist mortgage in New Mexico then you came to the perfect place.

You’ve worked 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 only for dentists?

Yup, dentists get their own mortgage!

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

We are aware of the financial demands of your student loan financial obligation, and how important 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 mortgage loan that is exclusively tailored for your needs.

A large number of dental experts in New Mexico 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 factors smart loan providers know that dentists are a good choice due to the fact that they generally 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 just simply talking to the best mortgage officer makes a significant difference.

Advantages of Dentist Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Generally requires low to no down payment (0-5 percent).
  • Usually does not necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Generally will accept a contract as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

What if you have some money to put down or are considering delaying until you have the money?

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

In most circumstances, you’ll get your home loan paid off earlier and save thousands on interest rates too.

Additionally, don’t forget that having equity in your house will definitely offer more security and flexibility, specifically if something unexpected happens. With the 100% financed dentist mortgage loan, you should anticipate to begin 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 just to get out of the house.

No matter if you’re relocating down the road, across town or across the country, we are available to lend a hand you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our New Mexico dentist home loan program!

Top cities in New Mexico for a dentist home loan.