Dentist Mortgages in Alabama


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Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

$100M Closed Loans

Alerus Financial is a bank established in 1879 that offers comprehensive financial solutions including banking, mortgage, retirement, and wealth management services.

High-income professionals can utilize Alerus Financial's comprehensive suite of services including wealth management, retirement planning, and personal banking. Their personalized financial strategies include investment management, estate planning, and risk management. Alerus also offers business banking and mortgage services. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $750,000
5%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DVM
  • OD
  • Fellow
  • Resident
  • DPM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Bank Of America

(All 50 States)

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Online

usually responds within 30 minutes

Bank Of America

(All 50 States)

$100M Closed Loans

Bank of America, founded in 1904, is a leading global financial institution offering a broad range of banking, investing, asset management, and other financial and risk management products and services.

High-income professionals can take advantage of various services from Bank of America, including personalized wealth management, advanced investment strategies, and dedicated advisors for financial planning. They also offer specialized banking services, flexible mortgage options, and exclusive rewards and benefits. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
3%up to $825,000
5%up to $1 million
10%up to $1.5 million
15%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

BankMD

(All 50 States)

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Online

usually responds within 30 minutes

BankMD

(All 50 States)

$100M Closed Loans

BankMD, founded in 2005 and operating via bankmd.com, specializes in providing financial services to medical professionals with a focus on personal loans and wealth management.

High-income professionals can access a suite of services from BankMD, including specialized banking, lending, and investment solutions. The bank's offerings are tailored to meet the unique financial needs of medical professionals, helping them manage and grow their wealth effectively. [ Read Review → ]

  • Minimum credit score: 670
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $850,000
5%up to $1 million
10%up to $2 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Flagstar

(All 50 States Except NY)

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Online

usually responds within 30 minutes

Flagstar

(All 50 States Except NY)

$100M Closed Loans

Flagstar, founded in 1987, is a leading national bank headquartered in Michigan, offering a broad range of banking, mortgage, and lending operations.

High-income professionals can utilize Flagstar's wealth management services for their financial planning needs. These services include personalized investment strategies, retirement planning, estate planning, and trust services. Additionally, Flagstar offers private banking solutions such as tailored loans and exclusive credit options. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • RN
  • DC
  • PhD

GreenState Credit Union

(All 50 States Except CA)

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Online

usually responds within 30 minutes

GreenState Credit Union

(All 50 States Except CA)

$100M Closed Loans

GreenState Credit Union, founded in 1938, is a member-owned financial cooperative providing diverse banking services to more than 350,000 members across the United States.

High-income professionals can take advantage of a variety of services from GreenState Credit Union. These include exclusive checking and savings accounts with competitive interest rates, extensive loan options, wealth management and investment services, retirement planning, and insurance services, all designed to optimize their financial growth and security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • NP
  • PA
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Happy Bank

(AL, AR, FL, TX)

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Online

usually responds within 30 minutes

Happy Bank

(AL, AR, FL, TX)

$100M Closed Loans

Happy Bank, founded in 2001, is an online financial institution offering a range of services including checking accounts, savings accounts, loans, and credit cards, with a commitment to providing outstanding customer service and innovative, user-friendly digital platforms.

High-income professionals can take advantage of Happy Bank's comprehensive financial services. These include personalized wealth management, high-yield savings accounts, exclusive credit opportunities, and tax optimization strategies. The bank also offers bespoke financial consultation to help clients maximize their wealth and achieve financial goals. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $750,000
5%up to $1.25 million
10%up to $1.5 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • OD
  • CPA
  • Fellow
  • Resident
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • PhD
  • RN

Laurel Road

(All 50 States)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Laurel Road

(All 50 States)

$100M Closed Loans

Laurel Road, established in 2013, is a fintech company known for its online lending platform, providing student loan refinancing, mortgages, and personal loans.

High-income professionals can leverage Laurel Road's services for personalized financial solutions. The platform offers student loan refinancing, personal loans, mortgages, and high-yield savings accounts. It also provides digital banking services with attractive interest rates, emphasizing transparency and customer support. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: Varies
Down payment Financing
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

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Online

usually responds within 30 minutes

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

$100M Closed Loans

Liberty Federal Credit Union, established in 1955, is a member-owned financial cooperative providing a range of services including loans, savings, and investments to its members.

High-income professionals can utilize Liberty Federal Credit Union's services for personalized financial management. These include premium savings and checking accounts, low-interest loans, comprehensive investment and retirement planning, tax advisory, and exclusive credit card offers. Their services also extend to providing financial literacy resources and dedicated customer support. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $970,800
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • PharmD
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Northpointe

(All 50 States Except CA, NY)

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Online

usually responds within 30 minutes

Northpointe

(All 50 States Except CA, NY)

$100M Closed Loans

Northpointe, founded in 1999, is a Michigan-based online banking institution providing comprehensive financial services, including checking, savings, and loans.

High-income professionals can leverage Northpointe's comprehensive financial services, which include high-yield checking and savings accounts, competitive mortgage loans, and tailored lending options. The firm also offers personalized wealth management and investment strategies to optimize asset growth. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $850,000
10%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • DC
  • CRNA
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Southstate Bank

(AL, FL, GA, NC, SC, VA)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Southstate Bank

(AL, FL, GA, NC, SC, VA)

$100M Closed Loans

Southstate Bank, founded in 1934, is a regional financial institution serving the Southeastern US, providing a range of banking services including loans, deposits, and wealth management.

High-income professionals can leverage Southstate Bank's comprehensive financial services, including premium checking accounts, wealth management, and private banking. These services are tailored to optimize the management of significant assets and investments, provide tax-efficient strategies, and ensure financial growth. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,250,000
Down payment Financing
0%up to $1.25 million
5%up to $1.5 million
10%up to $2.25 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Synovus Bank

(AL, FL, GA, SC, TN)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Synovus Bank

(AL, FL, GA, SC, TN)

$100M Closed Loans

Synovus Bank, established in 1888, is a financial services company based in Columbus, Georgia, offering commercial and retail banking, investment, and mortgage services across the Southeastern United States.

High-income professionals at Synovus Bank can access a suite of services including wealth management, private banking, and estate planning. The bank offers tailored financial strategies, asset management, and lending solutions. Insurance services and philanthropic planning are also available. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Truist

(All 50 States Except AK, AR, HI, OR)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Truist

(All 50 States Except AK, AR, HI, OR)

$100M Closed Loans

Truist, formed by the merger of BB&T and SunTrust in 2019, is a leading banking institution offering a comprehensive range of financial services across the United States.

High-income professionals benefit from Truist's comprehensive wealth management services. These services include personalized financial planning, investment management, estate planning, and risk management. Truist also offers tailored lending solutions and private banking options to meet unique financial needs. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

United Community Bank

(AL, FL, GA, NC, SC, TN)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

United Community Bank

(AL, FL, GA, NC, SC, TN)

$100M Closed Loans

United Community Bank, founded in 1950, is a regional US bank offering comprehensive financial services, known for its customer-centric approach and community involvement.

High-income professionals can benefit from United Community Bank's diverse services, including wealth management, retirement planning, and private banking. The bank also offers customized lending solutions, insurance services, and investment strategies tailored to meet individual financial goals. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $766,550
5%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • NP
  • PA
  • DPM
  • OD
  • CRNA
  • PharmD
  • JD
  • DC
  • CPA
  • PhD
  • RN

Key Terms

  • Alabama dentist mortgages offer significant benefits such as no insurance requirements in many cases, lower down payments, and flexible approval criteria, enhancing accessibility for dentists.
  • These tailored mortgage solutions help dentists manage the financial hurdles of high student debt and rising home prices, by easing the initial costs of buying a home.
  • Despite their advantages, it’s crucial for dentists to thoroughly research and compare different mortgage programs to find the best fit for their financial needs and homebuying goals.

From the bustling city streets of Birmingham to the charming small-town vibes of Huntsville and the coastal serenity of Gulf Shores, Alabama offers a unique blend of urban excitement and natural Southern beauty. Residents enjoy a relaxed pace of life, with abundant opportunities for outdoor recreation in places like Oak Mountain State Park and the Talladega National Forest. With a low cost of living, excellent healthcare facilities, and a strong sense of southern hospitality, Alabama provides the perfect backdrop for residents to thrive and create lasting memories in communities like Mobile, Tuscaloosa, and Montgomery. Whether you’re drawn to the cultural attractions of Florence or the historic charm of Decatur, Alabama offers something for everyone, promising a warm and welcoming environment to call home.

Alabama is also home to a number of medical professionals, including dentists. In fact, according to the Bureau of Labor Statistics, 1,140 dentists like to call the state home. 

With a cost of living that’s notably lower compared to numerous other states, Alabama presents an attractive choice for individuals aiming to maintain financial stability. However, escalating housing costs are posing a growing challenge, even for dentists. According to data from the FED, the median listing price of a single-family home stands at approximately $330,950, presenting difficulties for dentists seeking to purchase new residences.

Enter dentist mortgages—a tailored solution designed specifically for dentists. These specialized loans aim to facilitate home purchases for healthcare professionals like dentists. Let’s delve into the specifics of these beneficial financial instruments.

What are the advantages of Alabama dentist mortgages?

Choosing a dentist mortgage in Alabama comes with a plethora of perks tailored specifically for dentists living and working in the state. First, these programs typically slash down payment requirements, which can be a game-changer, especially in areas where housing prices are on the higher side. This means dentists can secure their dream home without needing to set aside a significant sum of cash upfront—a huge relief when balancing student loans and other expenses.

Additionally, dentist mortgages in Alabama may offer assistance with closing costs, which can easily consume a sizable portion of a home’s price tag. With this support, dentists can alleviate some financial strain and retain more funds for other essential needs.

Furthermore, these programs prioritize flexibility, recognizing that dentists often work unconventional hours or engage in side jobs. With easier eligibility criteria, more dentists gain access to homeownership, fostering peace of mind and stability for these healthcare heroes in Alabama.

In a lot of cases, dentists face the same challenges as other medical professionals like physicians. A DDS might carry high student loan debt because they invested in their education a great deal. Just like physicians would consider applying for a doctor mortgage loan or a physician home loan, dentists should explore alternative mortgage lenders.

As with all mortgages, dentists should do their research about eligibility criteria for loan programs. This includes asking questions about:

  • Mandated or no private mortgage insurance (PMI)
  • Minimum credit score
  • Debt to income ratio rules
  • Total monthly payments/mortgage payments
  • Max loan amount/loan limits
  • Repayment terms and refinancing options
  • Low down payment options
  • Other qualifying or underwriting rules

You can talk about these real estate concerns with a loan officer. In some cases, dentists may be able to use their employment contract to get an adjustable-rate mortgage or a fixed-rate mortgage. Review all your loan options before you apply with any loan lenders. Much like pharmacists, nurses, medical residents, medical doctors and optometrists, dentists invest heavily in their education and often carry high student loan debt. This can make it hard for them to meet the DTI requirements for a primary residence conventional mortgage. FHA loans or other conventional loans may not work or you because of the high student loan payments. This is why many turn away from loans at Regions Bank, U.S. Bank, or Truist because they can’t meet the application criteria.

If you want your dream home but a conventional loan just isn’t in the cards, you’re in a very similar position to an Alabama physician, physician assistants, podiatrists, CRNAs, or a veterinarian/DVM. In many cases, these medical professionals are able to get a new home by using something like physician mortgage loans. If you have a lot of student loan debt but are now moving into an employment contract situation, using calculators could help you identify monthly payments and rates for a mortgage loan program. The home buying process, however, could be much easier if you find the right home financing partner in with a dentist mortgage in Alabama. You can find a perfect property on the NMLS or with the help of a real estate agent.

How do Alabama dentist mortgages work? 

Navigating the process of securing a dentist mortgage in Alabama involves following a tailored, step-by-step approach. The good news is that these programs are designed to meet the unique needs of dentists. 

To kick things off, thorough research is key. Start by delving into the array of dentist mortgage programs available in the state. Our curated list above can be a helpful starting point. Dive into the specifics of each program, including eligibility criteria, benefits, and any exclusive perks tailored for dentists. Take diligent notes and compare options to pinpoint the ones that best align with your financial situation and homeownership aspirations.

Once your research is complete, it’s time to assemble your financial documentation. Lenders typically request evidence of income, employment history, savings, and any outstanding debts. Organize these documents meticulously and have them readily available for submission when initiating the application process.

With your financial affairs in order, proceed to seek pre-approval. This entails submitting your financial documents to a lender for thorough review. Pre-approval provides a clear understanding of your borrowing capacity and signals to sellers that you’re a committed buyer. Armed with pre-approval, embark on your house-hunting journey with confidence, knowing precisely what you can afford. Upon finding the ideal property, collaborate with your lender to finalize the mortgage application and secure your interest rate. From there, it’s a matter of meticulous attention to detail until the closing process, when you’ll officially seal the deal on your new home.

Examples of dentists who take out dentist mortgages in Alabama

Dr. Taylor, a diligent periodontist practicing in Florence, finds himself navigating the complexities of financing his first home with a high debt-to-loan ratio. Student debt was not giving his financial picture a “good look” and he is despairing of ever finding a nice home. Despite facing this financial challenge, Dr. Taylor remains steadfast in his pursuit of homeownership in the charming city of Florence. Aware of the hurdles posed by his debt burden, Dr. Taylor explores tailored financing options to accommodate his circumstances. Through diligent research and consultation with financial experts, Dr. Taylor identifies potential solutions, such as specialized mortgage programs designed for healthcare professionals like himself. With determination and strategic planning, Dr. Taylor embarks on the journey to secure his first home, leveraging a partnership with a lender who understands the needs of dentists to navigate the process with confidence and resilience.

Dr. Johnson is working as an endodontist and making waves in Birmingham’s vibrant healthcare scene. Despite carrying debt from her thriving practice, Dr. Johnson is determined to acquire a second home, envisioning it as a sanctuary away from the hustle and bustle of city life. Recognizing her need for financial leverage, Dr. Johnson explores tailored solutions to facilitate this dream of owning a second home. With strategic planning and a keen eye for opportunities, she happens upon dentist mortgages, specialized mortgage options designed to support professionals just like her. Armed with her determination and the support of a great lender, Dr. Johnson embarks on the journey to secure her second home, determined to turn her vision into a reality amidst the backdrop of Birmingham’s dynamic urban landscape.

Looking for a dentist mortgage in a different state?

If you’re looking to explore the best dentist mortgage in other states, click on your state below.

Find a Dentist Home Loan Specialist

Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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