Dentist Mortgages in Vermont


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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

Berkshire Bank

(CT, MA, ME, NH, NY, RI, VT)

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Online

usually responds within 30 minutes

Berkshire Bank

(CT, MA, ME, NH, NY, RI, VT)

$100M Closed Loans

Berkshire Bank, established in 1846, is a Massachusetts-based community bank offering comprehensive personal, business banking, and wealth management services.

High-income professionals can access numerous services from Berkshire Bank. These include wealth management, financial planning, private banking, comprehensive investment strategies, and retirement planning. The bank also offers tailored lending solutions, estate planning, and insurance services to protect their wealth. [ Read Review → ]

  • Minimum credit score: 700
  • 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
  • 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)

Match Banks Contact Send Email

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

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

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

$100M Closed Loans

Keybank, established in 1825, is a regional bank headquartered in Cleveland, Ohio, offering a variety of financial services including retail and commercial banking, investment management, and consumer lending.

High-income professionals at Keybank are provided with comprehensive financial services. These include wealth management, specialized lending, and tailored banking solutions. They also have access to financial planning tools, investment strategy assistance, and estate planning. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,500,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
15%up to $2 million
20%up to $3.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Laurel Road

(All 50 States)

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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

Leader Bank

(CT, MA, ME, NH, RI, VT)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Leader Bank

(CT, MA, ME, NH, RI, VT)

$100M Closed Loans

Leader Bank, established in 2002, is a Massachusetts-based community bank that offers personal and business banking services with a strong digital focus.

High-income professionals can take advantage of Leader Bank's comprehensive suite of services. These include personalized banking solutions, mortgage services, commercial lending, equipment financing, and wealth management. Leader Bank prioritizes convenience with online and mobile banking options. [ Read Review → ]

  • Minimum credit score: 640
  • Maximum loan: Varies
Down payment Financing
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • OD
  • Fellow
  • Resident
  • DVM
  • 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

  • Vermont offers dentist-specific mortgage programs tailored to the unique financial and professional needs of dental practitioners, featuring benefits such as no PMI in many cases and lower down payment requirements.
  • These specialized financial products are designed to help Vermont’s dental professionals overcome the typical barriers to homeownership, recognizing the specific challenges they face, such as high student debt and variable income streams.
  • Potential borrowers should carefully evaluate these programs, considering the possible higher costs or limited availability compared to traditional mortgage options, to determine the best fit for their home purchasing needs.

Often called the Green Mountain State, Vermont is a place where bucolic landscapes, quaint villages, and a strong sense of community define everyday life. Living in Vermont offers a tranquil escape amidst rolling hills, dense forests, and picturesque lakeshores. From the charming streets of Burlington to the historic towns of Montpelier and Middlebury, Vermont exudes a sense of timeless beauty and rustic charm. Whether skiing the slopes of Stowe, savoring farm-to-table cuisine in the Mad River Valley, or exploring the vibrant arts scene in Brattleboro, Vermont invites residents to embrace a slower pace of life and immerse themselves in its natural splendor.

Vermont is also home to a multitude of medical professionals, dentists included. Data from the Bureau of Labor Statistics reveals that some 250 dentists have chosen Vermont as their place of residence. 

However, for dentists navigating Vermont’s real estate market, purchasing a home is often a challenging endeavor. According to the FED, the median listing price for a single-family home in Vermont stands at approximately $464,475, rendering homeownership financially unattainable for many dental professionals in the state.

A silver lining for dentists? The availability of dentist mortgages in the state. Tailored specifically for dental professionals, these programs offer Vermont dentists a more accessible pathway to homeownership.

How do Vermont Dentist Mortgages Work?

Curious about dentist mortgages in Vermont? Let’s dive in. If you’ve had experience with loans or mortgages in the past, you’ll grasp the basics of the process. Dentist mortgages have specific eligibility criteria, but the upside is they tend to offer flexibility, aiming to empower dentists to pursue homeownership. Additionally, they often come with financial benefits such as assistance with closing costs, the absence of PMI, or reduced down payment requirements.

To begin, explore dentist mortgage programs available in your area, conveniently listed below. Assess their advantages and disadvantages to identify the most suitable option. Remember to thoroughly evaluate your own financial circumstances to select the program that aligns best with your needs.

The Pros and Cons of Pursuing an Vermont Dentist Mortgage

When faced with a decision as significant as purchasing a home, it’s imperative to meticulously assess the advantages and disadvantages of various financial products offered for financing. Let’s delve into the benefits of considering a dentist mortgage.

To start, dentist mortgages typically feature more lenient eligibility criteria. Unlike traditional loans, which often impose strict employment requirements and income thresholds, dentist mortgages are designed to accommodate dentists with multiple jobs or irregular employment, facilitating an easier qualification process.

Another advantage is the exemption from private mortgage insurance (PMI) with dentist mortgages. Unlike traditional loans that entail additional costs with PMI, dentists can enjoy lower monthly payments without this financial burden.

Furthermore, documentation requirements tend to be less cumbersome with dentist mortgages. While all loans mandate documentation of income, assets, and financial details, dentist mortgages offer greater flexibility, particularly concerning scenarios involving overtime pay or income from multiple sources.

Additionally, dentist mortgages may encompass specialized offerings tailored to dentists’ unique needs, such as relocation assistance for traveling dentists or loan forgiveness programs for those serving in underserved areas.

As for the drawbacks, it’s vital to be vigilant regarding any unforeseen fees associated with dentist mortgage programs. These programs may pose challenges to locate, as they’re not as prevalent as traditional mortgages. However, be assured that we’ve curated a comprehensive list of the top options available in Vermont to aid you in navigating your decision-making process.

While most people are aware of physician mortgage loans/physician home loans, many new dentists are unware of the fact that they can use similar programs for home financing. The dentist version of a doctor mortgage may have different underwriting criteria based on your employment contract that allow you to get into a new home faster. These alternative loan options may even work for refinancing depending on the lender.

Borrowers who have already looked into conventional loan programs and been successful or find the underwriting too strict, even with a designation like DDS, DMD, DPM, or DVM, can talk to a loan officer about other options to get a primary residence. You need to know the total loan amount you can get and other factors on the loan like:

  • Interest rates
  • When you can refinance
  • Debt to income ratio/DTI
  • Fixed rate vs adjustable rate mortgages
  • Support for first time homebuyers
  • Payment options
  • How student loan debt is factored into the decision
  • If you can apply as a self-employed dentist
  • Any penalties for early repayment
  • If independent contractors qualify
  • If you can get an investment property with these loans
  • Minimum credit score

Compared with conventional mortgages, healthcare professional loans like doctor loans/physician mortgage programs. These allow you to qualify for home financing based on your new job. You can look at conventional mortgages, too, like those available at TD Bank, US Bank, Keybank, or Fifth-Third Bank. Once you know your total loan limit and expected mortgage payment each month, you can begin searching on the NMLS for your dream property.

Examples of dentists who take out dentist mortgages in Vermont

Dr. Kendricks had always envisioned himself residing in a quaint cabin surrounded by verdant forests, a sanctuary where he could unwind following long days at his family dentistry practice. However, the prospect of navigating the intricate landscape of mortgages had always filled Dr. Kendricks with trepidation, uncertain of his bargaining power in Vermont’s housing market.

One lucky day, while perusing his social media feed, Dr. Kendricks chanced upon an article discussing dentist mortgages. Intrigued by the notion of securing a mortgage tailored to his profession, Dr. Kendricks delved deep into the subject matter. He was elated to discover that dentist mortgages offered exclusive advantages such as reduced down payment requirements and aid with closing costs, specifically crafted to facilitate homeownership for dentists like himself.

Filled with enthusiasm at the prospect of owning a home in Vermont, Dr. Kendricks resolved to explore his options further. He promptly contacted a local mortgage lender specializing in dentist mortgage programs, arranging a consultation to talk through his aspirations and objectives.

Encouraged by the unwavering support and expert guidance provided by the mortgage lender, Dr. Kendricks took a leap of faith and submitted an application for a dentist mortgage. Despite initial jitters, Dr. Kendricks’ application was approved, culminating in his realization of a long-held dream – becoming the proud proprietor of a picturesque cabin nestled in the heart of Vermont’s serene 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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