Dentist Mortgage Peoria Illinois

Preferred Dentist Loan Officer

Doug Crouse
NMLS# 363861
Mobile: (816) 728-3631
Email: doug.crouse@umb.com
Website: www.DentistLoanExpert.com

I began doing mortgages in 1999 and I have done 100’s of mortgage loans for doctor families over the years. Being married to a doctor myself for the past 15 years I have a first hand perspective on the contracts, student loans, and the unique needs and circumstances your family faces.

Get Your Dentist Loan Rates Now by Completing the Form Below.

Whether or not you are a first time home buyer or purchasing a new home in Peoria Illinois, our vetted loan officers have a strong understanding of the local real estate industry and what it takes to secure your dentist mortgage with competency and know-how.

Our loan officers in Peoria Illinois provide specialized 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 clients 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 lending them more money with a lot fewer requirements than their competitors.

Dentist Home Mortgage Experts In Peoria Illinois

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

You’ve worked very hard to become a dentist and purchasing home should not 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 home loan!

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

We are aware of the budgetary demands of your student loan liability, 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 home loan that is specially tailored for your needs.

A large number of dental experts in Peoria Illinois may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial obligation or very little to no work history.

Despite these factors smart lending institutions know that dentists are a good choice considering that they generally have an incredibly low nonpayment rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banks that do just simply consulting with the best home loan officer makes a remarkable difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Usually does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Will accept an agreement as evidence of future earnings, instead of pay stubs or W-2s, that 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 Cash Down?

Suppose you have some funds to put down or are considering waiting until you have the money?

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

Additionally, don’t forget that having equity in your home will definitely provide greater security and overall flexibility, specifically if something unanticipated happens. With the 100% financed dentist home mortgage loan, you ought to expect to start out under water. If something doesn’t work out and you’re forced to sell quickly, you should be prepared to write a potentially large check for up to 10% of the purchase price simply to get out of the home.

Whether you’re relocating down the street, across town or across the country, we are right here to assist you all throughout the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Peoria Illinois dentist home mortgage program!