The ability to close on your home before you even start your new job is empowering. You can use the additional savings from avoiding the cost of mortgage insurance to use as additional home buying power, put toward paying student loans down faster or simply invest it. Pretty cool benefit! Putting down much less than expected or nothing at all provides doctors many cash flow and investment advantages that your financial advisor will smile at as well. It affords you the opportunity to purchase a more expensive home or you can simply pay down other debts or invest the savings. For some, this can be as much savings as a car payment. This is very common for new dentists, which is a major reason why the Doctor Mortgage Loan exists. Many doctors seek home loan options with little to nothing down since they may not have saved as much as you would have liked for down payment when exiting school or dental residency. Dentist mortgage loan programs offer the flexibility and savings that you are searching for.īig benefits include, but not limited to: no private mortgage insurance, a zero down payment option, student loan debt-to-income ratio benefits and the ability to purchase and close up to 90 days prior to your new employment contract start date.ĭental medical experts love these options to assist them in buying a home.
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As a licensed Doctor of Dental Surgery (DDS) or Doctor of Medicine in Dentistry / Doctor of Dental Medicine (DMD), you have earned big benefits when it comes to your home loan. Home buying and refinancing for practicing dentists deserves the same attention and care that your patients expect from you.