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JD MORTGAGE® connects you with lenders offering low to no down payment mortgages designed specifically for high-income professionals. We find the lenders that allow jumbo loan balances, relaxed debt-to-income ratios and typically do not require private mortgage insurance (PMI).
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best mortgage for your home financing needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
$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 → ]
| Down payment | Financing |
|---|---|
| 3% | up to $825,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1 million |
| 10% | up to $2 million |
| 15% | up to $3 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 5% | up to $850,000 |
| 10% | up to $1 million |
| 15% | up to $1.5 million |
• Online
usually responds within 30 minutes
$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 → ]
| 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 |
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $3 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1.5 million |
| 5% | up to $2 million |
| 10% | up to $3 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$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 → ]
| 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 |
$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 → ]
| Down payment | Financing |
|---|---|
| 10% | Varies |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 10% | up to $1 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
The Federal Savings Bank, founded in 2000, is a veteran-owned, federally chartered bank offering mortgage services and banking products nationwide.
High-income professionals can leverage The Federal Savings Bank's services for tailored banking solutions. These include wealth management, personalized mortgage options, and private banking. The bank also provides advisory services for investment strategies, optimizing financial assets, and long-term financial planning. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $2 million |
Where urban energy meets suburban charm, New Jersey, or the Garden State as it’s often called, offers a dynamic blend of experiences. From the lively avenues of Newark to the coastal tranquility of Cape May, each town has its own unique character. Explore the historic allure of Princeton or enjoy the vibrant culture of Asbury Park along the Jersey Shore. With rich history, diverse arts, and culinary delights, New Jersey invites you to discover something special at every turn.
New Jersey’s booming healthcare industry stands out as a major advantage for practicing medical professionals, including dentists. 4,100 dental professionals are currently thriving in the Garden State, according to the BLS.
Despite these opportunities, however, not all dentists can easily afford homeownership here. With the median listing price of a single-family home hovering around $587,450, according to the FED, many dental professionals face challenges in purchasing a home. Thankfully, New Jersey offers solutions tailored to dentists in the form of specialized mortgage programs.
Securing a dentist mortgage in New Jersey presents numerous benefits tailored to the unique needs of dental professionals. Unlike traditional mortgage programs, these specialized loans are crafted specifically for dentists, acknowledging their distinct financial challenges such as hefty student loan debts. Dentist mortgages often feature more lenient eligibility criteria, increasing approval rates by accommodating irregular income streams and other professional nuances. Moreover, these programs typically offer lower down payment requirements, easing the financial burden of purchasing a home in New Jersey’s housing market, where affordable options abound but demand substantial upfront investments.
In addition to facilitating easier qualification, dentist mortgages in New Jersey may provide further financial assistance and exclusive perks. Some programs extend aid for closing costs or down payments, helping dentists surmount financial barriers to homeownership. Furthermore, certain packages may waive private mortgage insurance (PMI), translating to reduced monthly payments for borrowers. These financial incentives significantly enhance accessibility and affordability for dentists in New Jersey, particularly those grappling with student loan obligations or other fiscal commitments.
However, there are certain drawbacks to be mindful of when considering dentist mortgages in New Jersey. One potential limitation is the restricted availability of these specialized loan products. Not all lenders offer dentist mortgages, and those that do may impose specific eligibility criteria or geographic limitations, limiting options for dentists in certain regions of the state. Additionally, while dentist mortgages may feature lower down payment requirements, borrowers must still meet stringent financial benchmarks and demonstrate repayment capacity. Thus, while dentist mortgages offer invaluable support to dentists in New Jersey, diligent research and assessment of individual financial circumstances are imperative before committing to a specific program.
As a dentist in New Jersey pondering the prospect of a dentist mortgage, it’s essential to approach the decision thoughtfully. Begin by assessing your financial standing, considering factors such as income, savings, debts, and credit score. Reflect on how homeownership aligns with your long-term goals and aspirations.
Once you’ve gained clarity on your financial outlook, explore the array of dentist mortgage options available in New Jersey. Evaluate their features, including eligibility criteria, interest rates, and any exclusive benefits they offer. Compare them against conventional mortgages to pinpoint the most suitable option for your circumstances.
If you find yourself wavering, seek guidance from a financial advisor or mortgage specialist. They can provide insights into dentist mortgages and assist you in determining their compatibility with your financial objectives. Remember, this is a significant decision, so take your time and ensure you’re comfortable with the path you choose.
If you’re torn on choosing a mortgage loan or are worried that you won’t get approved for target loan amounts, you’re not alone. Plenty of medical professionals struggle to get approved for a conventional home loan. By talking to a loan officer about a dentist mortgage, you may be able to get the home loan you want. That could be true for any dentist with a professional designation such as DDS, DMD, DPM, or DVM. For many healthcare professionals, a high debt to income ratio due to student loan debt can throw off your ability to qualify for a conventional loan or to refinance an existing property. The same challenges face medical doctors, medical residents, interns, pharmacists, CRNAs, veterinarians, and podiatrists.
If you already tried to get approval for a conventional loan somewhere like Truist, Citizens Bank, National Bank, TD Bank, Fulton Bank, Keybank, First Horizon Bank, Huntington Bank, or US Bank, you can consider the dentist version of doctor mortgage loans to see if you get approved there instead. This may allow you to buy a primary residence more easily based on your new job employment contract.
When looking at various home loans, make sure to compare them in terms of application aspects like:
Once you find the right mortgage loan program and know that your student loan payments won’t block you from getting approved, you can begin hunting for that new home on the NMLS. The right mortgage company can help make home ownership possible for you.
Let’s delve into the experiences of dentists who have opted for dentist mortgages in New Jersey. These stories can provide valuable insights to help you determine if a dentist mortgage aligns with your aspirations:
Meet Dr. Lauren, a committed dentist facing the challenge of accumulating a substantial down payment for her dream home in New Jersey. Despite her consistent income, Dr. Lauren has found it challenging to save amidst managing student loans and other financial commitments. However, with a dentist mortgage, she discovers a ray of hope. These specialized loans often feature lower down payment options, making homeownership more achievable for dentists like her. Thanks to the benefits of a dentist mortgage, Dr. Lauren can now embark on the exciting journey of owning her own place without the burden of a hefty down payment upfront.
In another corner of New Jersey, we encounter Dr. Ryan, an ambitious dentist striving to secure a mortgage for his ideal home. However, obstacles arise due to his high debt-to-income ratio and unpredictable work schedule. Traditional lenders have been hesitant to approve his application, leaving Dr. Ryan feeling discouraged. Yet, the discovery of dentist mortgages brings a newfound sense of optimism. These specialized loans often boast more flexible eligibility criteria, accommodating dentists like Dr. Ryan, even amidst unconventional work schedules or significant debt. With a dentist mortgage, Dr. Ryan gains the confidence to pursue his homeownership dreams in New Jersey.
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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