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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
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $750,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 million |
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usually responds within 30 minutes
$100M Closed Loans
Bok Financial, established in 1910, is a top-tier U.S. financial services company providing commercial and consumer banking, investment and trust services across eight states.
High-income professionals can take advantage of Bok Financial's wealth management services, which include financial planning, investment management, and private banking. They also offer tax strategies, estate planning, and insurance solutions to secure and grow wealth. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
| 20% | up to $2.5 million |
$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 |
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usually responds within 30 minutes
$100M Closed Loans
Bell Bank, founded in 1966 as State Bank of Fargo, is a full-service, independent bank specializing in banking and wealth management, known for its strong customer relationships.
High-income professionals can leverage Bell Bank's premier services, offering personalized wealth management, private banking, and investment strategies. They also provide retirement planning and trust services, to ensure long-term financial security and legacy management. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 5% | up to $1 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
First Citizens, founded in 1898, is a full-service commercial bank with over 500 branches, offering a wide range of retail and corporate financial services.
High-income professionals can benefit from First Citizens' services, including wealth management, private banking, and insurance. Their offerings also comprise personalized financial planning, customized credit solutions, and estate planning. They provide tailored strategies to optimize financial growth and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $1.5 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
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 |
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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
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 |
In the Land of Enchantment, New Mexicans can enjoy a diverse tapestry of landscapes and communities, drawing residents from all walks of life. From the vibrant culture of Santa Fe to the bustling city life of Albuquerque, the state’s unique charm captivates both locals and newcomers alike. Nestled amidst the rugged beauty of the Sandia Mountains, towns like Taos and Las Cruces offer serene escapes and rich cultural experiences. Despite its relatively low cost of living compared to other states, the housing market in cities such as Rio Rancho and Roswell has seen steady growth, presenting both challenges and opportunities for prospective homeowners. Whether you’re drawn to the artistic energy of Silver City or the historical allure of Las Vegas, New Mexico’s distinct blend of tradition and innovation promises a vibrant lifestyle for residents across the state.
According to BLS data, a significant portion of New Mexico’s population is comprised of dentists, with 840 practitioners calling this Western state home and contributing to the state’s robust healthcare workforce.
While New Mexico boasts a relatively low cost of living compared to many other states, the real estate market is witnessing a steady rise in housing prices. Data from the FED reveals a median listing price of $395,425 for single-family homes, presenting a considerable challenge for dental professionals aspiring to own a home in the Land of Enchantment.
Fortunately, dentist mortgages provide a lifeline for dentists in New Mexico. Tailored specifically to their needs, these specialized programs offer a viable avenue for dental professionals to navigate the housing market and realize their homeownership dreams without undue financial strain.
Like any financial offering, dentist mortgage loans come with their own set of advantages and disadvantages. If you’re among the multitude of dentists practicing in the state, it’s essential to weigh these factors carefully before committing to such a loan.
Let’s start with the positives, which are quite remarkable. Firstly, dentist mortgages streamline the documentation process, recognizing the irregular income streams and multiple job engagements that many dental professionals encounter. This accommodation can significantly simplify the application process compared to traditional mortgages.
Moreover, New Mexico dentist loans often come with enticing financial incentives. These may include reduced down payments and, in some cases, exemption from private mortgage insurance (PMI), which can otherwise inflate monthly payments. However, it’s crucial to be mindful of potential drawbacks, such as stringent repayment terms and additional fees associated with dentist mortgages. While these loans may not be as prevalent as traditional mortgages, our curated list below outlines some of the top dentist mortgage options available in New Mexico to aid in your decision-making process.
For many kinds of medical professionals, including medical doctors, residents, interns, podiatrists, pharmacists, veternarians, nurses, and dentists, it may be challenging to get approved for conventional loan programs. The most well-known variation of healthcare professional loans are those known as doctor mortgages, physician mortgage loans, or physician home loans. These often help residents and doctors with a new job to get approved for a home loan using their employment contract and start date.
Borrowers like those holding a DDS, DMD, DPM, or DVM designation should compare various loan programs to ensure they’ve picked the right one.
Look at things like:
If you’re someone who was unable to get a conventional mortgage from a bank like Keybank, Huntington Bank, US Bank, or somewhere else, you may need to consider an alternative mortgage lender for your primary residence. You can then search for your new home on the NMLS so you’re prepared to apply with the mortgage loan program you chose.
It very well could be! For most dentists, opting for a dentist mortgage is a wise decision. These specialized mortgages not only provide financial advantages that traditional mortgages lack but also factor in the distinctive work patterns of dentists. Additionally, participating in these programs often connects you with a network of fellow dental professionals.
However, it’s essential to conduct a comprehensive evaluation of your financial situation before determining if a dentist mortgage aligns with your needs. Be sure to investigate any potential extra fees and carefully assess whether the monthly payments are within your budgetary constraints.
Read the examples below. Do they sound like something you can relate to? A dentist mortgage may be a great choice, then:
Dr. Nicholls, a dentist running a family dental clinic in Santa Fe, finds himself facing a common hurdle in homeownership. Despite his thriving practice, traditional lenders hesitate to approve him for a mortgage due to lingering student debt. This challenge prompts Dr. Nicholls to explore alternative financing options, leading him to discover the potential benefits of a dentist mortgage tailored to his professional needs.
Dr. Lucius, a dentist practicing in Albuquerque, has been trying to deal with the competitive nature of the local real estate market. Despite his solid income and stable career, Dr. Lucius finds it challenging to secure a suitable home loan with favorable terms. Seeking more leverage in his quest for homeownership, Dr. Lucius turns to dentist mortgages, recognizing their tailored benefits for professionals like himself. With the specialized advantages offered by dentist mortgage programs, Dr. Lucius aims to gain a stronger foothold in the bustling Albuquerque housing market.
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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