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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
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 National Bank of Omaha, founded in 1857, is the largest privately-owned bank in the U.S., offering a full range of banking and financial services across multiple states.
High-income professionals can take advantage of the First National Bank of Omaha's services, which include wealth management, comprehensive financial planning, private banking, and trust services. FNBO also offers personalized strategies for investment, estate planning, and managing retirement assets. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
First Western Trust, founded in 2004, is a private bank and wealth management company, providing a comprehensive suite of financial services across the Western U.S.
High-income professionals can utilize First Western Trust's services for comprehensive wealth planning and management. Offerings include investment consulting, private banking, trust and estate planning, and retirement planning. Tailored strategies are designed to optimize financial growth and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 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 |
• Online
usually responds within 30 minutes
$100M Closed Loans
Shoreham Bank, founded in 1860, is a reputable financial institution offering a comprehensive range of banking services including loans, savings, and online banking.
High-income professionals can take advantage of various services from Shoreham Bank. These include specialized checking and savings accounts, tailored investment advice, estate planning, and personalized loan options. The bank also offers a private banking service, providing dedicated financial advisors for comprehensive wealth management. [ 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 |
Many people are drawn to live in Colorado because of its stunning natural beauty, with majestic mountains, picturesque landscapes, and abundant outdoor recreational opportunities. From skiing and snowboarding in the Rocky Mountains to hiking, biking, and camping in its numerous state parks and wilderness areas, Colorado offers a paradise for outdoor enthusiasts.
And with its booming economy, the Centennial State is also an attractive option for professionals, including nurses. In fact, according to data from the Bureau of Labor Statistics, Colorado is home to 57,690 nurses, a list that includes some 530 CRNAs, 53,480 RNs, and 3,680 NPs.
With horror stories in every ski town and cowboy town about how expensive homes are getting in Colorado, it’s not surprising that nurses are having a hard time buying homes, too. According to the FED, the median listing price of a single family home is right around $595,000, making a new home in the state difficult for many nurses to afford.
Nurse mortgages can help solve this problem, offering a range of advantages to Colorado’s, including lower down payments, no PMI payments, and more.
Considering a nurse mortgage in Colorado can be a smart move, especially given the state’s high housing prices and competitive market. With a nurse mortgage, you might find it easier to overcome the challenges of buying a home in Colorado. These mortgages often come with perks like lower down payments, assistance with closing costs, and even forgiveness programs tailored for nurses. However, it’s crucial to weigh these benefits against your individual financial situation. While a nurse mortgage can provide valuable support, it’s essential to ensure that you’re not overextending yourself financially, especially in a competitive housing market like Colorado’s. Be sure to carefully consider your options and consult with financial experts to determine if a nurse mortgage aligns with your long-term goals and financial capabilities.
If you’re new to home buying, it’s worth it to educate yourself about specific loans for healthcare professionals. You might be able to find more flexible criteria to get approved for a loan this way.
Your experience with a nurse mortgage compared to a traditional mortgage would likely differ in several key ways:
Easier Qualification: Nurse mortgages are specifically designed to accommodate the unique financial situations of nurses. This means you may encounter more lenient eligibility criteria, making it easier for you to qualify even if you have irregular work schedules or multiple jobs.
Specialized Benefits: Nurse mortgages often come with perks tailored specifically for nurses, such as down payment assistance programs, lower interest rates, or forgiveness programs for those working in underserved areas. These benefits can provide significant financial relief and support as you pursue homeownership.
Understanding Lenders: Lenders offering nurse mortgages are familiar with the challenges faced by nurses and are better equipped to address your specific needs. They understand the nature of nursing work, including overtime pay, income from multiple jobs, and high student loan debt, and can tailor their services accordingly.
Potential Cost Savings: Depending on the terms of the mortgage, you may benefit from cost-saving measures such as waived private mortgage insurance (PMI) or lower interest rates. These can result in lower monthly payments and long-term savings over the life of the loan.
Overall, a nurse mortgage is designed to provide Colorado’s nurses with a smoother and more supportive path to homeownership, considering their unique financial circumstances and needs, and the difficulties of buying a home in the Centennial State.
These loans do still come with their own underwriting and rules around qualifying, including details on:
When you research this information up front, you’ll be in a better position to submit a mortgage application for a nurse home loan program, such as a nurse next door options. Many different kinds of special home loan programs exist, including homes for heroes, loans linked to the Department of Veterans Affairs/va loans, Federal Housing Administration (FHA) loans, USDA loans, loans linked to Fannie Mae, and more. Much like physician mortgages, travel nurses, registered nurses, and other medical professionals can often find very specific loans based on their job type. Some of these real estate programs to help you get a primary residence even come with low down payment options or down payment assistance programs. If you’re in the market for a home purchase and already know that traditional mortgage programs won’t work for you, skip the conventional loan application process and seek out a nurse mortgage loan instead. These home buying programs can work for repeat buyers as well as first time home buyers, so just read through the eligibility requirements carefully.
These home loans for nurses will vary in their requirements from various mortgage lenders, but allow these medical professionals to become homeowners without the hassle of conventional loans.
A peds nurse living in Boulder, Colorado, Justine had always dreamed of owning her own home in the scenic city where she worked. Just one look at the housing market, however, was enough for her to quickly realize that her dream was out of reach. Boulder’s notoriously high housing prices, combined with her substantial student debt from nursing school, made purchasing a home feel like an impossible feat.
Despite working tirelessly to care for others, Justine found herself priced out of the market and struggling to find a solution. Traditional mortgage options seemed daunting, with stringent eligibility criteria and hefty down payment requirements that she couldn’t meet given her financial situation.
Feeling discouraged, Justine confided in a colleague who mentioned the possibility of a nurse mortgage. On the advice of her friend, she reached out to a lender specializing in nurse mortgages and was pleasantly surprised by the personalized assistance and understanding she received. The lender took the time to review her unique financial circumstances, including her student debt and irregular work schedule, and helped her navigate the process with ease.
Thanks to the benefits of the nurse mortgage, including lower down payment requirements and flexible eligibility criteria, Justine was able to secure financing for her dream home in Boulder.
If you’re looking to explore the best nurse mortgage in other states, click on your state below.
Find a Nurse 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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