Dentist Mortgage St Louis Missouri

Whether or not our clients are a first time home buyer or buying a new home in St Louis Missouri, our vetted loan officers have a strong understanding of the local real estate market and what it requires to secure your dentist mortgage with efficiency and know-how.

Our loan officers in St Louis Missouri offer specialized financing for dentists, just like you.

First off, let’s discuss why dentist mortgage loans even exist. The main reason is that dentists are really profitable customers for financial 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 fewer terms than their competition.

Dentist Home Mortgage Experts In St Louis Missouri

If you are searching for a dentist mortgage in St Louis Missouri 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 only for dentists?

Yup, dentists get their own mortgage!

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

We are aware of the economic 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. Regardless if you are a couple years into practice, or a well established dentist, you can depend on us to find a home loan that is exclusively tailored for your needs.

Quite a few dental experts in St Louis Missouri 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 factors smart lending institutions know that dentists are a good bet because they typically have an incredibly low nonpayment rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banking institutions that do simply speaking to the best home loan officer makes an enormous difference.

Advantages of Dentist Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Requires small 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 a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Buying a house doesn’t have 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 looking at delaying until you have the cash?

Our loan providers can do the math for you and show you what each situation looks like and the advantages of each too.

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

Furthermore, don’t forget that having equity in your house will most likely provide greater security and flexibility, specifically if something unexpected happens. With the 100% financed dentist home mortgage loan, you should expect to begin underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially sizable check for as much as 10% of the purchase price just to get out of the home.

Whether you’re relocating down the street, across town or across the country, we are available to help you throughout the dentist home loan process:: because you deserve it!

Dentists, get the home of your dreams with our St Louis Missouri dentist home loan program!