Home Mortgage For Dentists In Rochester Minnesota

Regardless if you are a first time home buyer or purchasing a new home in Rochester Minnesota, our vetted loan officers have a solid understanding of the local area real estate market and what it requires to secure your dentist home mortgage with competency and know-how.

Our loan officers in Rochester Minnesota offer exclusive financing for dentists, just like you.

First off, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are very profitable clients for lending 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 terms than their competitors.

Dentist Mortgage Experts In Rochester Minnesota

If you are looking for a dentist mortgage in Rochester Minnesota then you came to the right place.

You’ve trained very hard to become a dentist and purchasing 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 loan!

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

We recognize the budgetary demands of your student loan financial obligation, and how vital it is to preserve working capital for when the time is right with launching your dental career. Whether 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.

Quite a few dentists in Rochester Minnesota may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these reasons smart lending institutions know that dentists are a good choice due to the fact that they historically have an incredibly low default rate on loans, high earning potential and secure jobs.

Not all mortgage lenders offer this specialized product and within banking institutions that do just simply consulting with the right mortgage loan officer makes a tremendous difference.

Advantages of Dentist Home Mortgage Loans

  • Generally does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Often does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept an agreement as proof of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

Suppose you have some funds to put down or are thinking about delaying until you have the funds?

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

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

Furthermore, don’t overlook that having equity in your home will most likely offer more security and flexibility, specifically if something unforeseen happens. With the 100% financed dentist mortgage loan, you should 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 as much as 10% of the purchase price simply to get out of the house.

Whether you’re relocating down the street, 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 Rochester Minnesota dentist home mortgage program!