Nurse Mortgages in Idaho


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Every Nurse Mortgage Lender in Idaho

  1. Flagstar
  2. GreenState Credit Union
  3. Shoreham Bank

Flagstar

(All 50 States Except NY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Flagstar

(All 50 States Except NY)

$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 → ]

  • Minimum credit score: 680
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • RN
  • DC
  • PhD

GreenState Credit Union

(All 50 States Except CA)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

GreenState Credit Union

(All 50 States Except CA)

$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 → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • NP
  • PA
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Shoreham Bank

(AZ, CA, CO, FL, IA, ID, IL, MI, NV, RI, TN, UT)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Shoreham Bank

(AZ, CA, CO, FL, IA, ID, IL, MI, NV, RI, TN, UT)

$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 → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
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
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • DC
  • JD
  • CPA
  • PhD
  • RN

Key Terms

  • Idaho nurse mortgages offer specialized advantages like lower down payments and assistance with closing costs, making homeownership more accessible for nurses in the state’s rising housing market.
  • These loans may feature flexible eligibility criteria, which consider the unique financial circumstances of nurses, including irregular work schedules and high student loan debt.
  • However, potential drawbacks include possibly higher interest rates, additional fees, and limited availability, as these programs are tailored for nurses and offered by select lenders. Careful financial evaluation and comparison with traditional mortgage options are recommended.

Picture this: stunning mountains, picturesque lakes, and endless opportunities for hiking, skiing, or just chilling by a river. If you’re all about the great outdoors and living life at your own pace, then Idaho, also known as the Gem State, might just be your ideal home. Whether you’re into outdoor adventures or just craving some peace and quiet, Idaho’s got you covered.

With a population that relies on accessible healthcare services, the healthcare industry in Idaho is booming and encompasses a wide range of sectors, including hospitals, clinics, private practices, and healthcare-related businesses. For that reason, many nurses live in the Gem State. Data from the Bureau of Labor Statistics tells us that Idaho is home to 15,400 nurses,  a list that also includes 210 CRNAs, 14,060 RNs, and 1,130 NPs.

While the cost of living in Idaho is generally affordable, home prices are going up, especially in tourist and ski areas. According to the FED, the median listing price of a single family home in the state is currently at $573,248. With rising housing costs in Idaho, nurses may find it increasingly challenging to afford homes, especially in high-demand areas. Nurse mortgages offer a tailored solution by providing benefits such as lower down payments, assistance with closing costs, and more flexible eligibility criteria. 

The pros and cons of Idaho nurse mortgages

Yes, there are both pros and cons to nurse mortgages! The pros are really “pro,” however. These specialized mortgage programs recognize the unique financial circumstances of nurses, making homeownership more attainable despite the competitive housing market. By leveraging nurse mortgages, nurses in Idaho can overcome the barrier of high housing costs and achieve their dreams of owning a home in the Gem State. 

While nurse mortgages in Idaho offer benefits tailored to nurses, there are also some potential downsides to consider. One drawback is that nurse mortgages may have higher interest rates compared to traditional mortgages, depending on the lender and the borrower’s financial profile. Additionally, nurse mortgage programs may come with additional fees or closing costs, which can add to the overall expense of homeownership. Another consideration is that nurse mortgages may have more limited availability compared to traditional mortgages, as they are offered by select lenders specializing in serving the nursing community. Lastly, while nurse mortgages often have more flexible eligibility criteria, not all nurses may qualify for these specialized loans, depending on their individual financial circumstances. Doing a compare and contrast of different mortgage lenders and down payment options will help you see what you do qualify for with a home purchase.

Homebuyers who are also medical professionals should do thorough research about loan programs before opening an application. Alternatives to conventional loans may have difference options with down payment assistance, closing cost assistance, rules to refinance, purchase price caps, consideration on student loans/debt-to-income ratio(DTI), underwriting timelines, requirements for private mortgage insurance, income limits, max sales price, repayment, mortgage interest, minimum credit scores, total loan amounts, and other qualifying stipulations. The home buying process for nurses, including travel nurses and registered nurses, however, could be easier than trying to meet tight requirements for FHA loans, USDA loans, or VA loans. Aspiring Idaho residents should review all their mortgage options with a loan officer.

Whether you’re an experienced or first-time homebuyer, it makes a lot of sense to partner with a mortgage lender who can walk you through the entire process and help you compare it to a conventional mortgage. Depending on your state and qualifications, you might be eligible for other various assistance programs to get a mortgage loan, too.

Is an Idaho nurse mortgage right for me?

Feeling unsure about diving into the world of nurse mortgages in Idaho? No worries! Let’s break it down into a few simple steps to help you figure things out.

  • First up, get a handle on your financial situation. Take a look at your income, savings, debts, and credit score to see how buying a home fits into your big picture plans.
  • Once you’ve got that sorted, it’s time to do some detective work on nurse mortgage programs in Idaho. Check out what they offer, from eligibility criteria to those sweet perks tailored just for nurses.
  • Now that you’ve done your homework on nurse mortgages, let’s compare them to traditional options. Take a peek at things like down payment requirements, interest rates, and those sneaky closing costs.
  • And don’t hesitate to chat with lenders who specialize in nurse mortgages. They’ve got the scoop on all the benefits and can help you navigate your options.
  • After weighing all your options, it’s time to make the call. Take a good look at the pros and cons of nurse mortgages we listed above to see which aligns best with your goals and budget in Idaho. With a little research and some thoughtful consideration, you’ll be ready to make an informed decision about whether a nurse mortgage is the perfect fit for you.

Examples of nurses who take out nurse mortgages in Idaho

Do these situations below hit close to home for you? If they do, then you might just be the perfect fit for a nurse mortgage in Idaho:

Samantha has had her sights on a charming split-level ranch home nestled on spacious acreage just outside Idaho Falls for a while now. However, faced with stiff competition and limited options, Sarah needs a financing solution to gain the leverage needed to secure this dream property. Turning to a nurse mortgage, she discovers a tailored solution that offers favorable terms and empowers her to make a confident move on this property. With the assistance of the nurse mortgage, Sarah embarks on an exciting journey toward homeownership, fulfilling her aspirations of owning a piece of tranquility in the vibrant Idaho landscape.

In the cozy little Idaho town of Driggs just over the Teton Pass from Wyoming, Hilary has been pouring her heart into caring for her patients day in and day out. When it comes to owning a home, though, she’s hit a roadblock. Hilary’s got this hefty student debt hanging over her head, making it tough to snag a traditional mortgage. Feeling stuck and more than a little bummed out, she starts looking for other options. That’s when she hears about nurse mortgages—a game-changer tailored for folks like her. With a nurse mortgage, Hilary sees a ray of hope shining through, giving her a shot at making her dream of owning a home in her rural Idaho community a reality.

Looking for a nurse mortgage in a different state?

If you’re looking to explore the best nurse mortgage in other states, click on your state below.

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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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