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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 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 |
Delaware offers a unique blend of economic opportunities, natural beauty, cultural attractions, and quality of life amenities that make it an appealing place to live for many individuals and families. Whether you live in the farm country or close to the Beach towns of Rehoboth and Bethany, you are also just a stone’s throw away from cool metropolitan areas like Philadelphia or D.C. And who ever looked askance at no sales tax!
Nurses are just some of the working professionals that love to call Delaware their home. According to the Bureau of Labor Statistics, 13,030 nurses live and work in the “Small Wonder” of the Eastern Seaboard. While work opportunities are all around for nurses in Delaware, buying a home is not always that easy.
According to the FED, the median listing price of a single family home in Delaware is right around $487,450, meaning that even the hardest working nurse might find it difficult to afford a new home in the US’s first state.
Fortunately for these hardworking frontline workers, there are nurse mortgages to consider. These specialized loans can make it much easier for a nursing professional to buy a home in Delaware.
Traditional mortgages offered by most lenders have their pros and cons, but eligibility can be difficult for someone in the healthcare profession. Plenty of nurses graduate with substantial student loans, making it hard for them to meet debt-to-income ratio (DTI) eligibility requirements. On top of that, each lender has their own rules about what a borrower must meet in terms of minimum credit score, down payment based on the mortgage loan amount, mortgage insurance such as PMI, and closing costs. Various interest rates and income limits may also apply for homeownership/home loan programs run by mortgage lenders.
Delaware nurse mortgages offer both financial and personal advantages one might not find with a traditional mortgage. Nurses, including first-time homebuyers trying to get a primary residence applying for these loans, are often pleased to discover that they come with a range of financial plusses, including:
Nurses moving to the state of Delaware can also enjoy some personal “pros” when it comes to Delaware mortgages. Delaware nurse mortgage programs often provide education and counseling services that help guide them through the home buying process. This is especially advantageous if it is your first time buying a home with a purchase price that lines up well with your income. Conventional mortgages and conventional loans can be challenging for a nurse home purchase. A nurse home buying program, however, can swing open the door for a primary residence for you.
Whether they are one of the 11,810 RNs or 1,140 NPs working in Delaware, nurses applying for a nurse loan in the state can also enjoy the benefits of community with these programs. In many instances, participating in a nurse mortgage program in Delaware can also connect nurses with a supportive community of fellow healthcare professionals, giving them access to valuable resources, advice, and camaraderie, which they would never experience with traditional mortgages.
You can work with loan officers to better understand things like income limits, whether or not you can secure an investment property vs. primary residence, mortgage payments, and overall loan repayment expectations. Often, these are different enough from mortgage options like FHA loans and other programs such that medical professionals can secure a primary residence moving to the state of Delaware. Whether you’re a private LPN, state employee, or travel nurse, when you find that dream home on the NMLS, you can use a nurse loan.
Jemma is one of the 1,140 nurse practitioners working in Delaware. He would love to buy a home in Rehoboth where she grew up, but its status as a popular beach community means that prices keep going up and up. She needs some leverage in a competitive market, and she’s not sure she can do that on her nurse’s salary. Plus, many banks offering traditional mortgages are not exactly excited about the multiple jobs she works and her unusual pay schedule.
Jemma’s co-worker at a local hospital pointed out to her that nurse mortgages are a great way to go. These programs are a lot more understanding of a nurse’s unique circumstances. After doing a bit of research, she was even able to find a nurse mortgage that would allow her to buy in Rehoboth without putting down 20% on the home. For the first time in her life, Jemma has the opportunity to buy the home of her dreams and plant roots in her favorite town in Delaware.
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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