Dentist Mortgages in Delaware


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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

Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

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Online

usually responds within 30 minutes

Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

$100M Closed Loans

Citizens Bank, founded in 1828, is a major U.S. commercial bank offering a comprehensive range of retail and commercial banking products and services.

High-income professionals can take advantage of various services from Citizens Bank, including wealth management and investment opportunities. They also offer private banking, retirement planning, and estate services. High-net-worth individuals can benefit from personalized financial strategies, designed to optimize their wealth and secure their financial futures. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
5%up to $850,000
10%up to $1 million
15%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

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Online

usually responds within 30 minutes

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

$100M Closed Loans

First National Bank of Pennsylvania, established in 1864, is a full-service financial institution offering commercial banking services across multiple states.

High-income professionals can benefit from First National Bank of Pennsylvania's tailored services, including wealth management, financial planning, private banking, and investment services. Furthermore, FNB offers business banking solutions and personalized lending options aimed at optimizing their financial growth and stability. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1.25 million
5%up to $1.5 million
10%up to $2 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • JD
  • DPM
  • OD
  • PharmD
  • NP
  • PA
  • 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

Fulton Bank

(DC, DE, MD, NJ, PA, VA)

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Online

usually responds within 30 minutes

Fulton Bank

(DC, DE, MD, NJ, PA, VA)

$100M Closed Loans

Fulton Bank, founded in 1882, is a full-service commercial bank operating across five states, offering a range of financial solutions from personal banking to wealth management.

High-income professionals can take advantage of Fulton Bank's diverse services, including wealth management, financial planning, private banking, and investment services. The bank offers personalized financial strategies, focusing on long-term growth and security. It also provides specialized lending options and deposit solutions to meet unique needs. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1.5 million
5%up to $2 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • PharmD
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

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

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

Northpointe

(All 50 States Except CA, NY)

Match Banks Contact Send Email

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

TD Bank

(CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

TD Bank

(CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT)

$100M Closed Loans

TD Bank, founded in 1852, is a leading North American banking service, offering a comprehensive range of retail, small business, and commercial banking products and services.

High-income professionals are catered to by TD Bank through distinct services such as wealth management, private banking, and estate planning. This includes personalized financial strategies, access to dedicated banking specialists, and advice on wealth preservation and transfer. [ Read Review → ]

  • Minimum credit score: 700
  • 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

The Huntington National Bank

(CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

The Huntington National Bank

(CO, CT, DE, FL, GA, IA, ID, IL, IN, KS, KY, MA, MD, ME, MI, MN, MO, MT, NC, ND, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, SD, TN, UT, VA, VT, WA, WI, WV, WY)

$100M Closed Loans

The Huntington National Bank, established in 1866, is a full-service banking provider serving consumers, small businesses, and commercial markets primarily in the Midwest and Southeast U.S.

High-income professionals can leverage Huntington National Bank's wealth management services, which include financial planning, investment management, private banking, and trust services. These offerings are designed to optimize wealth growth, sustain income, and secure financial futures. [ Read Review → ]

  • Minimum credit score: 680
  • 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
  • DVM
  • DPM
  • 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

Key Terms

  • Delaware dentist mortgages are tailored specifically for dentists, offering benefits like low to no down payment and no PMI, making home buying more accessible.
  • These specialized loans provide easier approval criteria and helpful features like closing cost assistance, catering to dentists’ unique financial situations.
  • Potential downsides include limited availability and specific requirements, such as commitments to work in certain areas, which might restrict flexibility.

Delaware offers a high quality of living with its unique blend of urban convenience and scenic charm. Residents enjoy a relatively low cost of living compared to neighboring states, along with a strong economy and job market. With its beautiful beaches, picturesque small towns, and vibrant cultural scene, Delaware provides ample opportunities for outdoor recreation and community engagement. On top of it all, the state’s excellent education system and healthcare facilities contribute to its appeal as a great place to live and raise a family. Overall, Delaware offers a welcoming and comfortable environment for residents to thrive and enjoy a fulfilling lifestyle.

For those reasons and more, it’s not surprising that many working professionals love to call Delaware home, including dentists. According to the Bureau of Labor Statistics, 350 dentists live and work in the Eastern Seaboard’s “Small Wonder” of a state. 

While work is plentiful for dentists in the state, buying a home can be complicated in Delaware. According to the FED, the median listing price of a single family home in Delaware is right around $499,945, meaning that even the hardest working dentist might find it difficult to afford a new home there, especially when issues like student debt factor in. .

Fortunately for these hardworking professionals, there are dentist mortgages to consider. These loans designed just for dentists can make it much easier for a DDS to get a home loan in Delaware. 

How do Delaware dentist mortgages work?

So you’re thinking about applying for a dentist mortgage in Delaware? Cool, let’s break it down for you. First things first, do some digging into dentist mortgage programs available in the state. We’ve got your back on this one – scroll down for some insights! These programs often come with perks tailored to dentists, like lower down payment requirements, help with closing costs, and competitive interest rates.

Now, onto the paperwork. Gather up all your docs – pay stubs, W-2 forms, bank statements, tax returns, you name it. Some dentist mortgage programs might need extra stuff specific to your nursing gig, like proof of licensure or employment verification.

And don’t forget, team up with your lender. They get the ins and outs of nursing and can walk you through the whole shebang. Stick to these steps, tag along with a seasoned dentist mortgage lender, and you’ll be cruising through your Delaware dentist mortgage application like a pro.

How are Delaware dentist loans different from other loans?

Delaware dentist mortgages offer both financial and personal advantages one might not find with a traditional mortgage. Dentists applying for these loans are often pleased to discover that they come with a range of financial plusses, including:

  • Easier approval criteria
  • Help with closing costs
  • O to 10% down payments

Dentists can also enjoy some personal “pros” when it comes to Delaware mortgages. Delaware dentist mortgage programs often provide education and counseling services that help guide them through the home buying process. This is especially advantageous if it is your first time buying a home. 

Whether they are one of the [bls_registered_dentists state=”DE”] RNs or [bls_dentist_practitioners state=”DE”] NPs working in Delaware, dentists applying for a dentist loan in the state can also enjoy the benefits of community with these programs. In many instances, participating in a dentist mortgage program in Delaware can also connect dentists with a supportive community of fellow healthcare professionals, giving them access to valuable resources, advice, and camaraderie, which they would never experience with traditional mortgages.

The pros and cons of pursuing a dentist mortgage in Delaware

Let’s dive into the advantages and drawbacks of grabbing a dentist mortgage:

Advantages:

  • Dentist-Friendly Criteria: These mortgages often offer leniency on aspects like employment history and multiple job situations, catering to those of us with unconventional work schedules.
  • No PMI, No Problem: Forget about dealing with private mortgage insurance (PMI) chipping away at your earnings. Dentist mortgages typically skip this, leaving you with more cash in hand each month.
  • Simplified Documentation: Who needs paperwork headaches? Dentist mortgages usually streamline the process, especially beneficial for dentists with non-traditional work hours or side gigs.
  • Special Perks for Dentists: Some dentist mortgage programs go the extra mile by providing perks like relocation assistance or loan forgiveness for those serving in underserved areas. It’s like a bonus on top of your journey to homeownership!

Disadvantages? Yup, there are a few.

  • Limited Availability: Dentist mortgages aren’t as widespread as standard ones, meaning you might have fewer options to explore. It’s akin to searching for the perfect pair of scrubs in a store with limited brands!
  • Special Requirements: Some dentist mortgage programs might come with specific stipulations or commitments, such as agreeing to stay in a particular area for a predetermined period. It’s similar to taking on a double shift – more effort for added benefits!

So, that’s most of the detail on dentist mortgages, highlighting both their perks and potential downsides. As with any financial decision, it’s crucial to weigh these factors to determine if it aligns with your needs and goals.

Dentists are a lot like other medical professionals in that they may struggle to get approved for a regular loan. This can include DMDs, CRNAs, pharmacists, physician assistants, nurses, and Delaware physicians. Borrowers like physicians often turn to physician mortgage loans to help them qualify based on an employment contract, for example. This can help them get higher loan amounts, and the same system may work for a DMD, DPM, DVM, or DDS. Of course, much like a medical doctor mortgage loan or a pharmacist loan, there are requirements specific to every lender. If a previous loan application was out of reach for you, talk to a loan officer about a dentist mortgage instead.

Borrowers must research what they want out of a loan and understand the rules with each lender as it relates to:

  • Refinancing
  • Credit score rules
  • Debt to income (DTI)
  • Fixed rate vs. adjustable rate mortgages
  • Low down payments or other down payment options
  • Start date for loan approval
  • Other underwriting rules and eligibility concerns
  • Monthly payments
  • Repayment terms

Special programs like dentist mortgages, physician mortgage loan programs, veterinarian loans, or physician assistant loans have different requirements to enable these borrowers to buy real estate. If you already tried going the traditional route with a lender like Truist, TD Bank, U.S. Bank, Huntington Bank, or First National Bank and hit roadblocks, there are other loan options out there. Various mortgage products may be a better fit for you since you can qualify based on your new job with less pressure on the DTI you bring to the table. These could help you get a primary residence faster.

Examples of dentists who take out dentist mortgages in Delaware

Dr. Smith, a dedicated dentist with a practice in Bethany, Delaware, is on the brink of achieving her dream of homeownership only a few years after establishing her practice. After careful consideration, Dr. Smith decides to opt for a dentist loan over a traditional mortgage. Why? Well, this specialized mortgage caters to her unique financial needs, offering perks like lenient criteria on employment history and a waiver of private mortgage insurance, freeing up more funds for her passion: providing top-notch dental care. With the assistance of her trusted lender, Dr. Smith navigates the process seamlessly, securing her home quickly and easily while continuing to serve her community with a smile.

Dr. Patel is a dentist with big aspirations, despite facing significant student loan debt. He well knows that traditional mortgages might not be the best fit given his high debt ratio. So, he turns to a dentist mortgage for a tailored solution. By leveraging this specialized loan, Dr. Patel gains more flexibility and a better chance at homeownership. With lower down payment requirements and a streamlined application process, the dentist mortgage provides Dr. Patel with the leverage he needs to overcome his financial hurdles and secure a bright future in his dream home.

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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