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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 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, 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 |
$100M Closed Loans
Lake Michigan Credit Union, established in 1933, is a member-owned financial institution providing a comprehensive range of services including banking, mortgages, and insurance.
High-income professionals can benefit from Lake Michigan Credit Union's services, which include high-yield checking and savings accounts, low-rate mortgages, business and personal loans, and wealth management. The Credit Union also offers comprehensive insurance options and personalized financial advice. [ 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 $1.5 million |
| 20% | 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 |
• Online
usually responds within 30 minutes
$100M Closed Loans
United Community Bank, founded in 1950, is a regional US bank offering comprehensive financial services, known for its customer-centric approach and community involvement.
High-income professionals can benefit from United Community Bank's diverse services, including wealth management, retirement planning, and private banking. The bank also offers customized lending solutions, insurance services, and investment strategies tailored to meet individual financial goals. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $766,550 |
| 5% | up to $1 million |
Miami for nightlife, Orlando for the kids, and the beaches for everybody… Florida is the ultimate playground, offering a little something for everyone. With pleasant weather and unique features like the Everglades, Florida can be an exciting and interesting place to live.
While the Sunshine State is famous as a tourist and retirement destination, it is also home to many working professionals, including nurses. In fact, according to the Bureau of Labor Statistics, 233,920 nurses live and work in the state, including some 3,740 CRNAs and 22,270 NPs.
Unfortunately, it’s getting more expensive to live in Florida, especially in major metropolitan areas. According to the FED, the median listing price of a single family home is right around $450,000. Can a working nurse afford to buy a home in the Sunshine State with prices on the rise?
With a nurse mortgage, absolutely. Nurse mortgages are designed just for nurses and intended to make the home purchasing process easier for these healthcare professionals. Nurses who want to stay, work, and plant roots in Florida can get it done easily with the help of a nurse loan.
Applying for a nurse mortgage differs from applying for a traditional mortgage in several ways. Nurse mortgages typically have more flexible eligibility criteria tailored to nurses’ unique circumstances, such as irregular work schedules or multiple jobs. Borrowers still need a decent credit score and dti as a first time home buyer, however. A nurse home buying program may be the key that unlocks your mortgage loan for your dream home.
Documentation requirements may also be streamlined for nurses, and specialized programs or incentives may be available, like down payment assistance or loan forgiveness. Nurse mortgages may offer alternatives to private mortgage insurance (PMI) and competitive interest rates and terms. Lenders specializing in nurse mortgages understand nurses’ needs and can provide personalized guidance throughout the process, making homeownership more accessible for nurses who can’t work with regular loan programs.
Determining whether a Florida nurse mortgage suits you hinges on several factors, such as your financial standing, homeownership objectives, and personal inclinations as you become a homeowner. Here’s what to ponder:
In essence, the decision to pursue a Florida nurse mortgage hinges on your individual circumstances and priorities. If you can’t find help with conventional loans or down payment assistance programs, a nurse mortgage can help. By meticulously assessing your financial situation, eligibility, future plans, and seeking professional input, you can ascertain if a nurse mortgage aligns with your needs. There are still underwriting requirements for nurses/aspiring Floridians, but you can work with a loan officer to identify your ideal primary residence and home purchase price.
Maya had enjoyed her years crisscrossing the country as a traveling nurse, tending to patients in hospitals from coast to coast. She had been able to save up with the great salary, but deep down, she longed for a place to call home.
After much soul-searching, Maya decided to settle down in Miami, drawn to the city’s vibrant culture, stunning beaches, and endless sunshine. She dreamed of waking up to the sound of waves crashing against the shore and spending her days lounging on the sand, soaking in the warm Florida sun.
Excited at the prospect of putting down roots in Miami, Maya began exploring her options for homeownership. However, despite her steady income as a nurse, she soon discovered that qualifying for a traditional mortgage was easier said than done.
Maya decided to reach out to a mortgage lender who specialized in nurse mortgage programs, having heard about them from a co-worker. To her delight, she learned that nurse mortgages offered more flexible eligibility criteria, taking into account factors like her irregular work schedule and frequent relocations. Sometimes, the student loans make it hard for nurses to get a conventional loan upfront because the dti is off from other applicants looking for a good mortgage rate.
It doesn’t matter whether it’s your first home or not, or if you’ve previously gone through refinancing or gotten a second mortgage on a primary residence. In the state of Florida, you can work with real estate agents to help you get a primary residence on a nurse mortgage loan. You can research options on the NMLS, but you might discover that conventional loans or special programs like USDA loans or the Florida hometown heroes housing program don’t apply to you.
With the help of the nurse mortgage program, Maya was able to qualify for a mortgage and purchase her dream home in Miami. She found a charming beachfront condo with breathtaking ocean views, finally fulfilling her sunny Florida dreams.
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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