Dentist Home Loan Rhode Island

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

Our loan officers in Rhode Island offer exclusive financing for dentists, exactly like you.

First, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are extremely 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 far fewer requirements than their competitors.

Dentist Home Loan Professionals In Rhode Island

If you are looking for a dentist home loan in Rhode Island then you came to the right place.

You’ve trained very hard to become a dentist and buying home really 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 specifically for dentists?

Yup, dentists get their own home loan!

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

We recognize the personal financial demands of your student loan debt, and how crucial 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 rely on us to find a home loan that is specifically tailored for your needs.

A lot of dentists in Rhode Island may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan financial debt or very little to no work history.

Despite these factors smart financial institutions know that dentists are a good choice due to the fact that they historically have an exceptionally low nonpayment rate on loans, high earning potential and secure jobs.

Not all banks offer this specialized product and within banking institutions that do simply speaking with the right mortgage officer makes a tremendous difference.

Benefits of Dentist Mortgage Loans

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

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

Should You Put Cash Down?

Suppose you have some cash to put down or are looking at delaying 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 cases, you’ll get your home mortgage paid off sooner and save thousands on interest too.

Additionally, don’t overlook that having equity in your house will most likely offer greater security and overall flexibility, particularly if something unanticipated happens. With the 100% financed dentist home mortgage loan, you ought to expect 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 sizable check for as much as 10% of the purchase price just to get out of the house.

Whether you’re relocating down the street, across town or across the country, we are right here to lend a hand you through the dentist home mortgage process:: because you deserve it!

Dentists, get the home of your dreams with our Rhode Island dentist home mortgage program!

Top cities in Rhode Island for a dentist home loan.