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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
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 → ]
| 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
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
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
Northwest Bank, established in 1896, is a community-based financial institution providing a range of personal, business, and investment services across the Midwest.
High-income professionals can access a range of specialized services at Northwest Bank. These include personalized wealth management, tax-efficient investment strategies, and estate planning. The bank also offers private banking services, such as tailored mortgage solutions and premium banking products. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $950,000 |
| 5% | up to $1.25 million |
| 10% | up to $1.5 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
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 |
Living in New York, often referred to as the ‘Empire State,’ offers a vibrant and diverse experience like no other. From the bustling streets of Manhattan to the serene shores of Long Island, New York boasts a rich tapestry of cultures, cuisines, and communities. Whether you find yourself strolling through the historic neighborhoods of Brooklyn, enjoying the scenic views of the Hudson Valley, or exploring the charming towns of Saratoga Springs and Lake Placid upstate, there’s something for everyone in the dynamic mosaic that is New York.
New York State is renowned for its world-class healthcare establishments, of course, including esteemed hospitals and cutting-edge research institutions. This reputation, along with its status as an economic powerhouse, means this prominent East Coast locale attracts a number of dental professionals. In fact, statistics from the Bureau of Labor reveal that 6,890 dentists choose to reside and practice in the Empire State, capitalizing on the abundant opportunities afforded by its robust medical infrastructure.
However, soaring housing prices in New York pose a challenge for many dental practitioners looking to live in the state. According to data from the FED, the median listing price for a single-family home in New York stands at approximately $699,000, placing homeownership beyond the financial reach of numerous dental professionals in the region.
Fortunately, dentists in New York have recourse available to them in the form of specialized mortgage options known as dentist mortgages.
Securing a dentist mortgage in New York offers dentists a tailored pathway to homeownership, complete with specialized benefits and support finely tuned to their profession. These programs are designed to ease the financial burden and hurdles often associated with purchasing a home, making the dream of homeownership more achievable and cost-effective for dental professionals in the state.
Firstly, dentist mortgage programs in New York frequently provide down payment assistance, offering grants, forgivable loans, or deferred payment options. These forms of assistance serve to alleviate the significant barrier posed by hefty down payments, enabling more dentists to enter the housing market with greater ease and confidence.
Additionally, these specialized mortgage programs often boast lower interest rates compared to conventional mortgages. By extending more favorable rates, dentist mortgage programs in New York aim to make homeownership more attainable and sustainable for dentists, safeguarding their financial futures while promoting stability and growth within the profession.
Dentist mortgages in New York stand out from conventional loans due to their tailored approach and specialized benefits crafted specifically for dental professionals. Unlike traditional mortgages, which may impose stringent eligibility criteria and rigid terms, dentist mortgages in New York are designed to accommodate the unique needs and circumstances of dentists. These specialized lending programs take into account factors such as irregular income streams, student loan debt, and the nature of dental practices, offering more flexible qualifying criteria and personalized solutions.
One key distinguishing feature of dentist mortgages in New York is down payment assistance. Many dentist mortgage programs in the state offer various forms of assistance, such as grants, forgivable loans, or deferred payment options, to alleviate the financial burden of a substantial down payment. This assistance can be instrumental in overcoming one of the primary barriers to homeownership, enabling dentists to enter the housing market with reduced upfront costs and greater affordability.
Dentist mortgages in New York also often feature lower interest rates compared to conventional loans. These favorable rates are tailored to reflect the lower risk profile associated with dental professionals, recognizing their stable income potential and professional standing within the community. By extending more competitive interest rates, dentist mortgage programs in New York aim to make homeownership not only more accessible but also more cost-effective for dentists, helping to safeguard their financial well-being and promote long-term stability in their careers and lives.
Getting a home loan can be hard not just for dentists, but for other medical professionals like medical doctors, residents, pharmacists, veterinarians, and podiatrists. These healthcare professionals often have high student loan debt from investing in their education, making it hard to qualify for a mortgage loan from a traditional lender. This is true even for a dentist with a professional designation like DDS, DPM, DVM, or DMD. Borrowers in this situation may need to look outside conventional mortgages when entering the home buying process, carefully evaluating each aspect of your financing options such as:
If you’re someone who was unable to get approval for a conventional loan with a place like TD Bank, First National Bank, Keybank, Citizens Bank, or somewhere else you have a checking account or savings account, all hope is not lost. Just like many medical doctors, medical residents, or interns use physician mortgage loans/doctor mortgages to get approved for a primary residence, dentists can follow a similar route with a dental home loan program. Talk to a loan officer so you’re clear on the requirements for using your new employment/new job to qualify for these loan options. Mortgage lenders can often help with calculators, too, so you have an idea of closing costs and other expenses.
Once you know you’re in a good place with eligibility for a dentist mortgage, you can search for a dream home on the NMLS.
Do these stories resonate with you? You may be a great candidate for a dentist mortgage:
After a childhood in Ohio, Dr. Omar Johnson never thought he would be running a dental practice in the bustling streets of Manhattan, New York. Despite his successful career and steady income, Dr. Johnson finds himself facing a daunting challenge – the prohibitive cost of homeownership in one of the world’s most expensive cities. As he explores the possibility of purchasing a Manhattan apartment, Dr. Johnson is confronted with the reality that he cannot afford the substantial down payment required without assistance. Fortunately, with the help of a specialized dentist mortgage, Dr. Johnson discovers a lifeline that enables him to overcome this financial hurdle and fulfill his dream of owning a home in the heart of the Big Apple.
Dr. Martinez is a passionate dentist serving the vibrant community of Rochester, New York. Eager to establish deeper roots in the city she calls home, Dr. Martinez sets her sights on homeownership. Recognizing the competitive nature of Rochester’s real estate market, she seeks a financing solution that offers greater leverage and flexibility. With a dentist mortgage tailored to her unique needs, Dr. Martinez gains the advantage she needs to navigate the complexities of buying a home with confidence. With specialized benefits and support at her disposal, Dr. Martinez is poised to achieve her homeownership goals while continuing to make a positive impact on the oral health and well-being of her patients in Rochester.
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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