Nurse Mortgages in Oregon


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Every Nurse Mortgage Lender in Oregon

  1. First Citizens
  2. Flagstar
  3. GreenState Credit Union

First Citizens

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

Match Banks Contact Send Email

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

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

Key Terms

  • Oregon nurse mortgages offer reduced down payments and assistance with closing costs, making home buying more accessible for nurses in high-cost areas like Portland and Eugene.
  • These loans accommodate the unique financial circumstances of nurses, such as non-traditional work schedules and multiple income sources, with flexible eligibility requirements.
  • Nurse mortgages in Oregon also often include specialized benefits for healthcare professionals, such as reduced interest rates or forgiveness programs, recognizing the vital role nurses play in the community.

Affectionately called the Beaver State, Oregon is a place where the stunning natural beauty, diverse landscapes, and vibrant communities attract people from all walks of life. From the rugged coastline of the Pacific Ocean to the majestic peaks of the Cascade Range and the lush forests of the Willamette Valley, Oregon offers an unparalleled outdoor experience. With thriving cities like Portland, known for its eclectic culture and culinary scene, and Eugene, home to the University of Oregon and a thriving arts community, there’s something for everyone in the Beaver State. Whether you’re drawn to outdoor adventures, cultural attractions, or simply seeking a laid-back lifestyle, Oregon has it all.

Thanks to a booming healthcare industry, Oregon is also home to a number of nurses.  Data from the Bureau of Labor Statistics shows that 41,570 nurses,  a list that also includes 390 CRNAs, 38,770 RNs, and 2,410 NPs live in this Northwestern state.

Unfortunately, due to increasing housing costs, buying a home isn’t always easy for these professionals. According to the FED, the median listing price of a single family home in the state is currently at $564,305. Fortunately, nurse mortgages offer a solution, giving nurses benefits like reduced down payments, help with closing expenses, and adaptable eligibility requirements specifically designed for them.

What are the advantages of Oregon nurse mortgages?

Taking out a nurse mortgage in Oregon comes with several distinct advantages tailored to the unique needs of nurses in the state. For one, Oregon’s nurse mortgage programs often offer reduced down payment requirements, making homeownership more accessible to nurses, particularly in areas with high housing costs such as Portland and Eugene. This lower barrier to entry can be especially beneficial for nurses who may be struggling to save up for a traditional down payment while managing student loan debt or other financial obligations.

Secondly, nurse mortgages in Oregon may provide assistance with closing costs, further easing the financial burden of purchasing a home. With closing costs typically ranging from 2% to 5% of the home’s purchase price, this assistance can significantly reduce the upfront expenses associated with buying a home, allowing nurses to preserve their savings for other priorities.

Additionally, nurse mortgage programs in Oregon often feature flexible eligibility requirements, taking into account factors such as income stability, employment history, and credit score. This flexibility recognizes the unique circumstances of nurses, many of whom may have non-traditional work schedules or multiple sources of income. By accommodating these factors, nurse mortgages in Oregon ensure that a wider range of nurses can qualify for homeownership, fostering greater financial stability and security for healthcare professionals across the state.

How are Oregon nurse mortgages different from other loans?

A nurse mortgage differs from a traditional mortgage in several key ways, offering tailored benefits specifically designed for nurses. Firstly, nurse mortgages often feature lower down payment requirements compared to traditional mortgages. This reduction in the upfront cash needed to secure a home can be particularly advantageous for nurses who may be carrying student loan debt or facing other financial challenges. By lowering the barrier to entry, nurse mortgages make homeownership more accessible to nurses, allowing them to achieve their housing goals sooner.

Secondly, nurse mortgages may come with assistance programs specifically targeted at healthcare professionals. These programs can include perks such as assistance with closing costs, reduced interest rates, or forgiveness programs for nurses working in underserved areas. These benefits recognize the vital role that nurses play in the healthcare system and aim to support them in achieving homeownership while navigating the unique financial landscape of their profession.

In terms of the application process, obtaining a nurse mortgage typically involves working with lenders who specialize in serving healthcare professionals. These lenders understand the intricacies of nurses’ financial situations and can offer personalized guidance throughout the mortgage process. Additionally, nurse mortgages may have more flexible eligibility criteria, taking into account factors such as non-traditional work schedules or multiple sources of income common among nurses. This flexibility streamlines the application process and ensures that nurses can access the financing they need to purchase a home without unnecessary hurdles or complications.

It can be hard for nurses and other healthcare professionals to get approved for conventional loans in the home buying process. These borrowers enter the process with more student loan debt, much like dentists or doctors who had to invest in their education. Traditional mortgage lenders may not understand how to help these borrowers get their target loan amount if they don’t have much ability to overlook things like debt-to-income ratio (DTI). A medical professional like nurse practitioners or travel nurses may need to speak with loan officers specifically about nurse mortgage loans. These programs may be fixed-rate or adjustable rate in nature, but could make it faster for a nurse to get a new home. Once you find a dream property on the NMLS, you might be tempted to contact a real estate agent, but healthcare providers should research nurse home loan programs first. State programs such as nurse next door may also exist in Oregon, or similar situations.

As with any loan, going through the pre-approval process can simplify things. These aspiring homeowners and current healthcare workers looking into home loans for nurses should evaluate all loan terms and mortgage options like:

  • Special programs for first-time homebuyers
  • Chances to refinance
  • Disclosures
  • Low down payment options
  • Calculators to see monthly payments
  • Down payment assistance programs

Examples of nurses who take out nurse mortgages in Oregon

Take a look at the examples below of nurses who have taken out nurse mortgages. Are these scenarios you can relate to? If so, nurse mortgages in Oregon might be the financial solution you need:

Yolanda, an RN at the Salem Health in Oregon’s capital, is eager to transition from renting an apartment to owning her own home, but she has been facing some financial hurdles due to her significant student debt from nursing school. Rather than give up on her dream, Yolanda decides to start exploring alternative financing options. She’s considering a nurse mortgage, recognizing its potential to offer lower down payment requirements and tailored benefits for healthcare professionals like herself. With the assistance of a nurse mortgage program, Yolanda hopes to overcome the financial barriers to homeownership in Salem.

Frances, an RN working in a rural mining community in Oregon, has long been dedicated to providing healthcare services to her community despite the challenges of the remote location. With limited housing options and the desire to put down roots in the area she serves, Frances has been exploring avenues to make homeownership a reality. Fortunately, she discovers a nurse mortgage program specifically tailored to healthcare professionals serving rural communities like hers. This specialized mortgage not only offers favorable terms and reduced down payment requirements but also provides additional benefits tailored for nurses working in rural areas. With the support of this nurse mortgage, Frances can finally achieve her dream of owning a home in the picturesque yet challenging landscape of rural Oregon.

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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