Nurse Mortgages in North Carolina


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First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

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Online

usually responds within 30 minutes

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

$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 → ]

  • Minimum credit score: 680
  • 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
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • CRNA
  • NP
  • PA
  • DC
  • DVM
  • PharmD
  • JD
  • CPA
  • PhD
  • RN

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

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Online

usually responds within 30 minutes

First National Bank of Pennsylvania

(DC, DE, FL, GA, MD, NC, NJ, OH, PA, SC, TN, VA, WV)

$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 → ]

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

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

United Community Bank

(AL, FL, GA, NC, SC, TN)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

United Community Bank

(AL, FL, GA, NC, SC, TN)

$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 → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $766,550
5%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • NP
  • PA
  • DPM
  • OD
  • CRNA
  • PharmD
  • JD
  • DC
  • CPA
  • PhD
  • RN

Key Terms

  • North Carolina nurse mortgages are tailored for nurses, offering easier documentation processes and financial incentives like lower down payments and potentially no PMI.
  • These specialized loans recognize the unique work schedules and multiple job holdings common among nurses, providing a more accessible path to homeownership.
  • However, nurse mortgages can come with stricter repayment criteria and additional fees, and they may be less common than traditional mortgages, necessitating thorough research and comparison.

Known for its warm and welcoming hospitality, North Carolina is ideal for those who embrace the tradition of southern charm and manners. The sense of community and friendliness can make living in North Carolina feel like being part of a close-knit family. When you add in its beautiful landscape, including a lush coastline and the Appalachian mountains, North Carolina can easily be described as one of the loveliest places to live in the East. 

This southern state also boasts many quality hospitals and medical facilities, making it a popular state for many nursing professionals. In fact, according to the Bureau of Labor Statistics, 114,700 nurses live and work in the Tar Heel State. 

While North Carolina generally has a lower cost of living than many other states, home prices are going up there. Data from the FED quotes a median listing price of $410,950 for a single family home, meaning that buying a home may be out of reach for some nurses.

While it can be difficult for a nurse to make a down payment let alone buy a home in North Carolina, the good news is that nurses in the state can turn to nurse mortgages to help, enjoying lower down payments and more. 

The pros and cons of North Carolina nurse mortgage loans

As with any financial product, nurse mortgage loans have both pros and cons. If you are one of the 2,680 CRNAs, 104,380 RNs, or 7,640  NPs working in the state, you will want to consider these pros and cons before deciding on whether or not to go with one of these loan products.

What are the pros? They are pretty impressive.

Easy documentation— Many nurses have odd payment schedules or even maintain more than one job. This can sometimes make it difficult to qualify for a traditional mortgage. Nurse mortgages take this into account and even have special documentation for the application process. 

Financial incentives— As referenced above, North Carolina nurse loans can also offer some financial breaks, including lower down payments. Some loans do not even require PMI, which can drive up your monthly payments. 

The cons? Sometimes, a nurse mortgage can come with strict repayment criteria or include additional fees. They are also not as common as traditional mortgages.That’s why we’ve compiled a helpful list below of the best nurse mortgage loans in North Carolina. 

To know more about your individual loan amount, healthcare professionals should do as much as possible to educate themselves about the home buying process. There may be down payment assistance, too, to help you secure an approved option in a nurse loan program. Borrowers like registered nurses must still meet eligibility requirements, as with any repeat or first-time homebuyer, but conventional loans and conventional mortgages may not cut it in terms of overall flexibility. Talking to loan officers could help you discover what’s needed to get a new home. If you don’t qualify for special home buying programs like FHA loans, VA loans, homes for heroes, or USDA loans, you may still be able to finance a home purchase with a nurse loan. Healthcare workers often qualify for special programs with various mortgage lenders, paving the path to homeownership.

Verify things like your purchase price , interest rates, and other qualifying criteria like minimum credit score first, but nurse mortgage programs often make it easier to avoid problems with things like DTI. Plenty of nurses have high levels of student loans, which can throw off their debt to income ratio. Nursing education is costly, but the income for a registered nurse or LPN can help you get a primary residence.When trying to get a primary residence, a home loan program just for full-time nurses or travel nurses can help. This might assist you in making your final decision about relocating somewhere for a new nurse job, especially if there are down payment assistance programs in place. Research the full details of any loan term, including monthly mortgage payments, possibility for refinancing, and low down payment options before you submit your application. Once you’ve decided if a nurse mortgage or a conventional loan is right for you, you can research on the NMLS or work with real estate agents to find the right properties.

Is a nurse mortgage right for me?

Good question! For the vast majority of nurses, a nurse mortgage is a great fit. It offers financial benefits nurses can’t enjoy with traditional mortgages and also takes the unique work profile of nurses into consideration. You are often introduced to a community of nurses when you take part in one of these programs.

Overall, though, you need to take a thorough look at your financial profile before deciding whether or not a nurse mortgage works for you. Look into any additional fees, and run the math on your monthly payments to make sure they fit in with your budget. 

Examples of nurses who take out nurse mortgages in North Carolina

Known for his straight talk and no-frills attitude, Gary was a popular fixture at his job as an ER nurse in Charlotte’s busiest hospital. While he loved his job and the fast-paced environment of the hospital, Gary had grown tired of renting and was itching to put down roots in the Tar Heel State, knowing that his job would continue to be fulfilling for years to come. 

One day, during a break between shifts, Gary found himself scrolling through mortgage options online. As he sifted through the sea of information, he stumbled upon the concept of nurse mortgages. Intrigued, Gary decided to do some research.

As Gary delved deeper into his research, he discovered the benefits of nurse mortgages – from friendlier eligibility criteria to assistance with closing costs and no private mortgage insurance. It all sounded good to Gary, but he wasn’t one to make decisions lightly.

After weighing the pros and cons, Gary decided to take the plunge and apply for a nurse mortgage. With his meticulous attention to detail and straightforward approach, Gary breezed through the application process and was soon approved for a loan. Within just a few months, he was relocated to a tidy split-level home close to the hospital. 

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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