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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 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, 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 |
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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 |
Montana, often referred to as “The Treasure State,” offers a captivating blend of natural beauty, outdoor adventure, and tight-knit communities, making it an enticing destination for many. With its vast landscapes of rugged mountains, expansive plains, and pristine lakes, Montana provides endless opportunities for outdoor enthusiasts to explore and indulge in activities like hiking, skiing, fishing, and wildlife watching. Beyond its breathtaking scenery, Montana boasts a relaxed pace of life and a strong sense of community, where neighbors come together to support one another and celebrate local traditions. Whether you’re drawn to the serenity of the countryside or the charm of its small towns, Montana’s abundant natural treasures and welcoming communities make it a desirable place to call home.
Montana is also home to many nurses, thanks to a strong healthcare industry. Data from the Bureau of Labor Statistics shows that 10,680 nurses, a list that also includes 80 CRNAs, 9,740 RNs, and 860 NPs live in this northern state.
Although the cost of living in Montana is typically reasonable, rising housing expenses pose challenges for nurses looking to purchase a home. According to the FED, the median listing price of a single family home in the state is currently at $654,500. Fortunately, nurse mortgages offer a solution, providing nurses with benefits like reduced down payments, help with closing costs, and adaptable eligibility requirements designed to meet their specific needs.
Choosing a nurse mortgage in Montana presents numerous advantages tailored specifically for nurses in the state. Firstly, these programs commonly feature reduced down payment requirements, which can significantly alleviate financial burdens, particularly in areas where housing prices are higher. This alleviation enables nurses to pursue homeownership without the need for a substantial upfront cash reserve, a considerable relief amidst managing student loans and other financial obligations.
Secondly, nurse mortgages in Montana may offer assistance with closing costs, which typically range from 2% to 5% of a home’s purchase price. This assistance can substantially reduce the financial burden associated with purchasing a home, allowing nurses to retain more funds for other essential expenses.
Additionally, these programs prioritize flexibility, recognizing that nurses often have non-traditional work schedules or supplemental income streams. By accommodating various eligibility criteria, nurse mortgages in Montana empower a broader spectrum of nurses to attain homeownership, fostering stability and peace of mind for these esteemed healthcare professionals in the state.
Borrowers looking for a new home may not be able to find down payment assistance or be able to override some of the more stringent requirements with conventional loans. Especially for a first-time homebuyer, this can make a home purchase feel out of reach. Even with a good credit score, a nurses’s debt-to-income ratio (DTI) may not meet the minimums set out by the mortgage lender. No matter your loan amount, you might want to explore alternative options with a loan officer.
Securing a nurse mortgage in Montana follows a tailored step-by-step process designed to meet the specific needs of nurses. Here’s how to get started:
As you would with any home loan program, medical professionals need to research the specific rules for qualifying and for repayment, including:
Whether you’re a registered nurse, travel nurse, nurse specialist, or nurse anesthetist looking for real estate in Montana, a nurse mortgage loan may prove the pathway you need to get a primary residence.
Explore these real-life stories of nurses who’ve successfully navigated the homebuying journey using nurse mortgages in Montana. Do any of these situations strike a chord with you? If so, a nurse mortgage could provide the ideal financial solution for your path to homeownership in the Peace Garden State:
Wanda, an RN at St. Vincent Healthcare in Billings, is excited to transition from renting to owning her own home, especially since she had her partner have a baby on the way. However, her significant student debt has made it challenging to achieve this dream. Undeterred, Wanda explores alternative financing options and discovers the potential benefits of a nurse mortgage. With lower down payment requirements and tailored benefits for healthcare professionals, Wanda views a nurse mortgage as a viable solution to overcome the financial hurdles of homeownership in Bismarck.
Meanwhile, Elena, an RN working in a rural part of Montana up north, has devoted herself to providing healthcare services to her community despite the remoteness of her location. Elena has been exploring ways to make her dream of homeownership a reality. Luckily, she’s found a nurse mortgage program specifically designed for healthcare professionals serving rural communities like hers. This specialized mortgage offers favorable terms, reduced down payment requirements, and additional benefits tailored for nurses working in rural areas. With the assistance of this nurse mortgage, Elena can finally achieve her goal of owning a home in the challenging yet breathtaking landscape of rural Montana.
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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