Dentist Mortgage In Wauwatosa Wisconsin

Regardless if our clients are a first time home buyer or buying a new home in Wauwatosa Wisconsin, our vetted loan officers have a solid understanding of the local real estate industry and what it requires to close your dentist mortgage with efficiency and know-how.

Our loan officers in Wauwatosa Wisconsin offer special financing for dentists, like you.

First off, let’s discuss why dentist mortgage loans even exist. The reason is that dentists are really profitable clients for financial 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 fewer stipulations than their competitors.

Dentist Mortgage Experts In Wauwatosa Wisconsin

If you are trying to find a dentist mortgage in Wauwatosa Wisconsin then you came to the perfect 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 just for dentists?

Yup, dentists get their own loan!

A dentist home loan is a specialty loan program designed just for dentists in the home buying process.

We are aware of the economic demands of your student loan financial debt, and how important it is to preserve working capital for when the time is right with launching 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 home loan that is specifically tailored for your needs.

Quite a few dental experts in Wauwatosa Wisconsin may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan financial debt or minimal to no work history.

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

Not all mortgage lenders offer this specialized product and within banks that do simply talking to the right mortgage loan officer makes a significant difference.

Advantages of Dentist Mortgage Loans

  • Usually does not include student loan monthly payments in debt-to-income ratio.
  • Requires very low to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Will approve a contract as documentation of future earnings, in lieu of pay stubs or W-2s, that don’t yet exist.

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

Should You Put Cash Down?

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

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

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

Furthermore, don’t overlook that having equity in your home will provide more security and overall flexibility, specifically if something unexpected happens. With the 100% financed dentist home mortgage loan, you should anticipate to start out under water. If something does not work out and you are 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 are moving down the street, across town or across the country, we are available to assist you through the dentist home loan process:: because you deserve it!

Dentists, get the house of your dreams with our Wauwatosa Wisconsin dentist home mortgage program!