Dentist Home Loan In Waukegan 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.

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Whether you are a first time home buyer or purchasing a new home in Waukegan Illinois, our vetted loan officers have a strong understanding of the local real estate market and what it takes to close your dentist home loan with efficiency and know-how.

Our loan officers in Waukegan Illinois offer specialized financing for dentists, just like you.

First, let’s talk about why dentist mortgage loans even exist. The main reason is that dentists are extremely profitable clients 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 a lot fewer requirements than their competitions.

Dentist Home Loan Experts In Waukegan Illinois

If you are searching for a dentist home loan in Waukegan Illinois then you came to the perfect place.

You’ve worked 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 home mortgage is a specialty loan program made just for dentists in the home buying process.

We recognize the budgetary demands of your student loan liability, and how essential it is to preserve working capital for when the time is right with embarking upon your dental career. Regardless if you are a couple years into practice, or a well established dentist, you can count on us to find a mortgage loan that is specially tailored for your needs.

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

Despite these factors smart lenders know that dentists are a good bet because they historically have an extremely low nonpayment rate on loans, high earning potential and stable jobs.

Not all lenders offer this specialized product and within banking institutions that do simply talking with the best mortgage loan officer makes a remarkable difference.

Benefits of Dentist Home Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Requires small to no down payment (0-5 percent).
  • Often does not require private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will accept a contract as proof of future earnings, in lieu of pay stubs or W-2s, which don’t yet exist.

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

Should You Put Money Down?

What if you have some funds to put down or are thinking about waiting until you have the funds?

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

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

Additionally, don’t overlook that having equity in your house will offer more security and overall flexibility, especially if something unforeseen 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 large check for up to 10% of the purchase price just to get out of the home.

No matter if you are moving down the road, across town or across the country, we are here to help you all throughout the dentist home mortgage process:: because you deserve it!

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