Dentist Mortgage: Financing for DDS and DMDs (0% to 10% Down)


Key Takeaways:

  • A dentist mortgage loan can give you the ability to purchase or refinance a primary residence with as little as 0% down.
  • Dentist mortgages have higher loan limits than a conventional loan, with some programs maxing out at $2 million or more.
  • Dentists are eligible for most physician mortgage programs, but each lender has different down payment options, eligibility requirements and underwriting guidelines.

Dentists are among the highest-paid professions, but they’re also swamped with huge six-figure dental school debt. Traditionally, the years and money spent earning your DMD or DDS (and possibly pursuing a residency) could delay your homeownership dreams compared to your peers. But what if banks saw your dental degree and lifetime earning potential as an asset instead of a financial barrier?

Enter dentist mortgage loans. These specialty mortgage programs are designed for dentists and other medical professionals who carry a ton of student debt and haven’t had time in their career to save up for a large down payment. By offering low down payment options with relaxed underwriting guidelines, dentist mortgages can be the solution for many dental families.

Although these programs are growing in popularity, they’re often a hidden gem among each bank’s many products and services. So, we’ve done the legwork for you. Read on to learn about the top dentist mortgage loans and how to find the right fit.

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What is a dentist mortgage loan?

A dentist mortgage, sometimes called a DMD mortgage or DDS mortgage, is specifically for new dental graduates and those who are still early in their career (usually within a 10-year timeframe of completing residency). It offers a great alternative to traditional mortgages, which generally require a 20% down payment and strict underwriting criteria.

The primary benefits of a dentist mortgage loan include:

  • The potential for a $0 down payment or other low down payment options (e.g. 5% to 10%).
  • No private mortgage insurance (PMI) requirement across the board, even when using 100% financing.
  • Higher loan limits than a conventional mortgage (e.g. $647,200) without a rate increase.
  • The ability to close on a home up to 90 days before starting your residency or new position.
  • Student loan debt is treated more favorably with calculating debt-to-income ratio (DTI).

Dentist mortgage loans also offer competitive interest rates and a variety of fixed- and adjustable-rate mortgages (ARMs) to meet your needs. But finding the right dentist mortgage is just as important as finding the right home for your family.

Get Quotes for Your Doctor Mortgage

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