Dentists access professional mortgage programs much like physicians, but practice ownership and corporate income add a layer. The right lender reads both the practice and the person.
The dentist projected-income program qualifies final-year students and dentists in their first 24 months of practice on $175,000. On that figure the debt-service ratios allow roughly $990,000 with 20% down and no student debt, or about $750,000 with 10% down and $150,000 of student debt. Established dentists qualify on actual income, and practice owners on corporate income, which is usually higher.
Contract rate 4.49%, qualifying rate 6.49%, 39% GDS and 44% TDS, property tax 0.75% of price, heating $100 a month, student debt counted at 5.25% over 15 years, program insurance tiers when insured. Rounded to the nearest $10,000. An illustration, not a pre-approval.
In your final year of a Canadian DDS program and the first 24 months of practice, the program can use $175,000 as your income when what you actually earn is lower. You can buy before you have a track record as an associate or owner.
After that, lenders use what you actually earn. Associates are read on billing or salary, owners on the practice corporation, and practice loans count next to the mortgage. We plan it with your accountant before you apply.
To pay the least interest, keep the regular payment comfortable and put a lump sum down each year from your bonus or corporate draw. Pick a mortgage with enough prepayment room for that, and a term that fits how long you will stay.
How we work with your corporationDentists earn as associates (often percentage-of-billing) or as practice owners with corporate income. Most established dentists incorporate, and practice ownership adds business income and debt to the qualification picture.
Incorporated dentists who take a modest salary are underqualified by standard lenders. Professional and corporate-income programs read the practice corporation, typically lifting capacity by 50-80%.
How lenders read a corporationHow much mortgage can a dentist qualify for in Canada?
The dentist projected-income program qualifies final-year students and dentists in their first 24 months of practice on $175,000. On that figure the debt-service ratios allow roughly $990,000 with 20% down and no student debt, or about $750,000 with 10% down and $150,000 of student debt. Established dentists qualify on actual income, and practice owners on corporate income, which is usually higher.
Do dentists get professional mortgage programs like physicians?
Yes. Dentists access professional and healthcare lender programs comparable to physician programs, with qualification built around practice income and corporate structure. Practice ownership and any practice debt factor into the picture.
Who is eligible for the dentist projected-income program?
Final year of a Canadian DDS program, or newly practising within 24 months.
