Home Mortgage For Dentists Springfield 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.

Regardless if our clients are a first time home buyer or purchasing a new home in Springfield Illinois, our vetted loan officers have a solid understanding of the local real estate industry and what it really takes to secure your dentist home mortgage with competency and know-how.

Our loan officers in Springfield Illinois provide special financing for dentists, like you.

First, let’s discuss why dentist mortgage loans even exist. The 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 lock in early career dentists by loaning them more money with a fewer number of terms than their competitors.

Dentist Home Mortgage Experts In Springfield Illinois

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

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

Yup, dentists get their own mortgage!

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

We recognize the economic demands of your student loan debt, and how essential it is to preserve working capital for when the time is right with embarking upon your dental career. No matter if you are a couple years into practice, or a well established dentist, you can depend on us to find a mortgage loan that is specifically tailored for your needs.

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

Despite these reasons smart financial institutions know that dentists are a good bet considering that they typically have an exceptionally low nonpayment rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banks that do simply speaking with the right home 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 necessitate private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve an agreement as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Money Down?

Suppose you have some cash to put down or are thinking about waiting until you have the cash?

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

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

Additionally, don’t overlook that having equity in your home will likely provide more security and flexibility, specifically if something unanticipated happens. With the 100% financed dentist mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you need to be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

No matter if you’re relocating down the road, across town or across the country, we are right here to assist you through the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Springfield Illinois dentist home loan program!