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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 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 Bank is a full-service bank and one of the largest regional banks in the country, offering a broad range of consumer and commercial financial solutions, including banking, home lending, private banking, and wealth management.
High-income professionals can utilize Flagstar's mortgage products which are specifically built for physicians and other high-income professionals. These loans may have flexible qualifications, lower costs than a conventional mortgage, and low or even no down payment. You must be within 10 years of starting your profession. There are also jumbo loan options up to $3 million. Flagstar Bank N.A. is an Equal Housing Lender | Member FDIC. [ 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 |
Known as the Keystone State for its central role in the founding of the United States, Pennsylvania offers a rich tapestry of attractions and opportunities for residents. From the bustling streets of Philadelphia, brimming with iconic landmarks and cultural institutions, to the serene landscapes of the Pocono Mountains, teeming with outdoor adventures, Pennsylvania truly has something for everyone. Whether you’re drawn to its historic significance, thriving urban centers, or picturesque countryside, Pennsylvania’s charm and allure make it a compelling destination to call home.
Many of the citizens of the keystone state work in healthcare, a booming industry in PA. Data from the Bureau of Labor Statistics, tells us that Pennsylvania is home to 156,160 nurses, a list that also includes 2,900 CRNAs, 144,100 RNs, and 9,160 NPs.
Buying a home, however, may not be so easy for many of those nurses. According to the FED, the median listing price of a single family home in the state is currently at $309,900. As housing prices climb in Pennsylvania, nurses might encounter growing obstacles when trying to buy a home. However, nurse mortgages offer a remedy by offering perks like reduced down payments, help with closing expenses, and adaptable eligibility requirements specifically designed for nurses.
What are the Advantages of Pennsylvania Nurse Mortgages?
Considering a nurse mortgage? There are several benefits for nurses aiming to buy a home in the state:
Tailored benefits: Some nurse mortgage programs provide unique benefits specifically tailored for nurses, including forgiveness programs for those working in certain areas or support for nurses serving in rural communities.
Overall, these advantages make nurse mortgages a valuable option for medical professionals striving to realize their homeownership aspirations in Pennsylvania.
Trying to decide if a nurse mortgage is the right fit for you? We’ve created a checklist to help you make that decision:
For any borrower thinking about whether this is a fit, you want to see if specific programs like nurse next door or other options exist for healthcare professionals. Often, states want to attract these medical professionals and make it easy for them to buy a home there, even if that borrower was unable to qualify for a conventional loan.
As with any loan, research the loan terms and qualifying rules like:
You can ask the loan officer questions about these specific programs to get you a new home. If conventional mortgages are out, review your eligibility requirements for all other loans.
If you don’t think conventional loans like VA loans, FHA loans, HUD, or USDA loans will help you get your dream real estate, you need to look into home loans for nurses. Getting pre approval can help you with understanding your max loan balance and where your income limits place you for a primary residence. You might also be able to get special options if moving to work in a rural area on the NMLS. Whether travel nurses, registered nurses, or some other kind of healthcare professional, calculators can help you see what you can get with any home loan program. Home buying programs just for healthcare workers may be your best bet, but all mortgage lenders have their own rules and specifics in terms of mortgage loans.
Do these scenarios resonate with you? If so, exploring the realm of nurse mortgages in Pennsylvania might just be the key to unlocking your path to homeownership:
James, a seasoned OR nurse at the renowned University of Pittsburgh Medical Center, is ready to transition from renter to homeowner and establish deeper roots in his community. However, with housing costs soaring and limited housing options, James is navigating a lot of challenges in finding a home. Upon a co-worker’s recommendation, James is eyeing a nurse mortgage as a potential solution to turn his dream of owning a home into reality. With the tailored support of a nurse mortgage program, James is now optimistic about finding a home that not only suits his budget but also complements his lifestyle in Pennsylvania’s lively urban environment.
Harriet is an experienced RN at the Penn Medicine Lancaster General Health. Amidst the tranquil beauty of Pennsylvania’s rural landscapes, Harriet has encountered hurdles in her quest for homeownership due to her student loan debt from nursing school. Despite her dedication to serving her community, traditional mortgage options remain out of reach. Exploring alternatives, Harriet is considering the prospect of a nurse mortgage, hopeful that it will provide the financial assistance and flexibility needed to fulfill her homeownership aspirations in the serene countryside. Fortunately, the nurse mortgage proves to be an ideal solution, offering Harriet favorable terms and acknowledging her commitment to rural healthcare with additional benefits tailored to her needs.
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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