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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
Fifth Third, founded in 1858, is a diversified financial services company offering banking, investments, and consumer and commercial lending across the US.
High-income professionals can leverage Fifth Third’s comprehensive financial services which include wealth management, private banking, and investment advisory. These services aim to optimize wealth growth, ensure financial security, and provide custom solutions tailored to individual financial goals. [ 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
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 |
• Online
usually responds within 30 minutes
$100M Closed Loans
First Federal Savings And Loan Association Of Lakewood, founded in 1935, is a community-focused bank providing a range of financial services including mortgages, personal banking, and business banking.
High-income professionals can take advantage of various services from First Federal Savings And Loan Association of Lakewood. These include diverse investment options, comprehensive wealth management assistance, and tailored lending solutions. The institution also offers a range of personal and business banking services, prioritizing convenience and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
| 15% | up to $2 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 Bank is a full-service bank and one of the largest regional banks in the country, offering a broad range of consumer and commercial financial solutions, including banking, home lending, private banking, and wealth management.
High-income professionals can utilize Flagstar's mortgage products which are specifically built for physicians and other high-income professionals. These loans may have flexible qualifications, lower costs than a conventional mortgage, and low or even no down payment. You must be within 10 years of starting your profession. There are also jumbo loan options up to $3 million. Flagstar Bank N.A. is an Equal Housing Lender | Member FDIC. [ 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 |
$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
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 |
Nestled amidst the Appalachian Mountains, West Virginia, fondly known as the “Mountain State,” offers a unique blend of scenic beauty, rich history, and vibrant communities. From the charming riverfront town of Harpers Ferry to the bustling city of Charleston, West Virginia captivates residents with its diverse landscapes and cultural heritage. Explore the majestic peaks of Snowshoe, experience the small-town charm of Lewisburg, or wander through the historic streets of Wheeling. Whether you’re an outdoor enthusiast seeking adventure in Morgantown’s wilderness or a history buff delving into the past in Shepherdstown, West Virginia’s quaint towns and breathtaking vistas offer endless opportunities for exploration and discovery.
According to the Bureau of Labor Statistics, there are approximately [bls_registered_dentists state=”WV”] dentists practicing in the Mountain State. However, many of these healthcare professionals may encounter challenges when attempting to purchase a new home in West Virginia. Factors contributing to this difficulty include the relatively low turnover rate of properties in the state and the current high cost of homeownership.
With the median listing price of a single-family home in West Virginia hovering around $245,000, as reported by the FED, affordability becomes a concern for the average dentist. Fortunately, dentists residing and practicing in West Virginia have access to specialized financial products such as dentist mortgages, designed specifically to assist dental professionals in their pursuit of homeownership.
Let’s dive into what sets dentist mortgages apart in West Virginia – they’re not your typical home loans. These specialized mortgages are tailored specifically for dentists, making them more accommodating in terms of eligibility. Dentists with busy schedules or unconventional work arrangements may find it easier to qualify compared to traditional mortgages.
One of the standout features of dentist mortgages is the range of perks they offer. From assistance with down payments to forgiveness programs for dentists serving in underserved areas or remote rural regions of West Virginia, these programs provide valuable support.
Moreover, lenders offering dentist mortgages understand the challenges dentists face, such as fluctuating income and juggling multiple roles. This empathy translates into more lenient terms and sometimes even waiving private mortgage insurance, resulting in potential cost savings. So, if you’re a dentist eyeing homeownership in West Virginia, a dentist mortgage could be the perfect fit for your unique situation!
When considering a dentist mortgage, it’s essential to weigh the pros and cons carefully. On the upside, these mortgages are custom-tailored for dentists, offering more flexible eligibility criteria and specialized benefits to suit their unique profession. Many programs extend assistance with down payments, closing costs, or even forgiveness programs for dentists serving in underserved areas. Moreover, some feature lower interest rates compared to traditional mortgages, potentially yielding long-term savings. Certain programs even waive the need for private mortgage insurance (PMI), reducing borrowers’ monthly payments.
However, it’s important to acknowledge the potential drawbacks. Dentist mortgages may have limited availability, typically offered by specialized lenders catering to the dental community. While some programs offer competitive interest rates, others may impose higher rates based on the borrower’s financial profile and the lender’s policies. Additionally, borrowers should be vigilant about potential extra fees or closing costs associated with these programs. Despite their flexibility, dentist mortgages maintain eligibility requirements that not all dentists may meet. Therefore, dentists contemplating a dentist mortgage should carefully assess the advantages and disadvantages to ensure alignment with their financial goals and circumstances.
A new dentist in West Virginia, even one with professional designations like DDS, DMD, DPM, or DVM may have the same challenges as other medical professionals when trying a conventional loan program. Physician mortgage loans, for example, help medical doctors who have high student loan debt that can throw off their debt to income ratio before they start a new job. With your employment contract, however, you use this to get approved for your target loan amount. You can use calculators to see examples or talk to a loan officer to see if they offer support for the dentist version of a physician home loan. Each mortgage lender is different when it comes to qualifying, underwriting, and refinancing. So compare when you do your research, asking about things like:
Plenty of medical professional homebuyers like CRNAs, pharmacists, dentists, veterinarians, medical doctors, or others need a primary residence when moving to West Virginia. But before you hit the NMLS to find your dream home, make sure you pick a home financing option that is designed for you. Just like a doctor mortgage loan gives medical doctors more options than a conventional mortgage, you may be able to buy real estate as a dentist with a loan specific to healthcare professionals. You may want to look at conventional loans from places like US Bank, Truist, Fifth Third, and First National Bank, but also be prepared to find a mortgage loan program that gives you more options based on your healthcare professional career.
Do you relate to the examples below? You may be a great candidate for a dentist mortgage:
Dr. Parker is a dedicated family dentist serving the friendly community of Martinsburg, West Virginia. Despite his passion for improving oral health in his hometown, Dr. Parker faced hurdles when it came to purchasing a home in the area due to rising housing costs. However, his determination led him to explore specialized mortgage options tailored for dental professionals. With the assistance of a dentist mortgage program, Dr. Parker found not only financial relief but also special benefits designed to support his unique career path. From reduced down payments to tailored forgiveness initiatives, this mortgage program empowered Dr. Parker to secure a home in Martinsburg while continuing his vital work in the community.
Dr. Reynolds runs a clinic in the close-knit community of Petersburg, which also serves smaller, nearby communities such as Seneca Rocks. Despite the challenges of practicing dentistry in a small town, Dr. Reynolds has always been dedicated to providing quality care to his patients. However, like many rural healthcare professionals, he faced obstacles when it came to purchasing a home due to limited financial resources and high housing costs. Fortunately, Dr. Reynolds discovered a dentist mortgage program tailored to his needs, offering special benefits such as assistance with down payments and closing costs. With the support of this program, Dr. Reynolds was able to fulfill his dream of homeownership in Petersburg, allowing him to continue serving his community with unwavering dedication and commitment.
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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