Dentist Home Loan Program New Orleans Louisiana

Whether or not our clients are a first time home buyer or buying a new home in New Orleans Louisiana, our vetted loan officers have a strong understanding of the local area real estate market and what it takes to secure your dentist mortgage with competency and know-how.

Our loan officers in New Orleans Louisiana provide specialized financing for dentists, just like you.

First off, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable clients for lenders. 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 lending them more money with fewer stipulations than their competition.

Dentist Mortgage Experts In New Orleans Louisiana

If you are trying to find a dentist home loan in New Orleans Louisiana then you came to the perfect place.

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

Yup, dentists get their own mortgage!

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

We recognize the personal financial demands of your student loan liability, and how crucial it is to maintain working capital for when the time is right with launching your dental career. Whether or not you are a couple years into practice, or a well established dentist, you can count on us to find a home loan that is specially tailored for your needs.

Quite a few dentists in New Orleans Louisiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or little to no work history.

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

Not all financial institutions offer this specialized product and within banking institutions that do just simply speaking to the right mortgage loan officer makes a significant difference.

Benefits of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

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

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

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

Additionally, don’t overlook that having equity in your house will most likely provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed dentist mortgage loan, you should anticipate to start out under water. If something doesn’t work out and you are forced to sell quickly, you need to be prepared to write a potentially sizable check for as much as 10% of the purchase price simply to get out of the house.

Whether you’re moving down the street, across town or across the country, we are right here to work with you all throughout the dentist home loan process:: because you deserve it!

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