Nurse Mortgages in South Carolina


You’re our first priority. We want you to understand how we make money. This post may contain affiliate links. Biglaw Investor may receive a commission at no additional cost to you if you click on the links in this article. This may influence which products we write about and where and how the products appear on a page. However, it does not influence our evaluations. Our opinions are our own. In some circumstances, if you work with us, we are able to provide an incentive to work with our advertising partners that is unavailable if you work with our advertising partners directly. Our partners cannot pay us to guarantee favorable reviews of their products or services. To read more about how we make money, click here.

Find a Mortgage lender

Find a home you love

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.

Get Your Mortgage Rate

find a home you love

Let the best bank win

PrimeLending logo UMB logo Flagstar Bank logo First National of Nebraska logo PNC Bank logo First Horizon Bank logo Fairway logo

And many more

Other professionals love us.

We think you will too.

Let’s Get Started
Mary Kate Raffetto

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

Clint Cowan

For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann

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

First National Bank of Pennsylvania

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

Match Banks Contact Send Email

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

  • South Carolina nurse mortgages are specifically designed with nurses in mind, featuring little to no money down, no PMI, and an easier approval process to facilitate homeownership for healthcare professionals.
  • These mortgages provide substantial financial support such as down payment assistance and competitive interest rates, making it feasible for nurses to purchase homes in an area with rising property values.
  • Despite their benefits, nurse mortgages in South Carolina may have limited availability and could require adherence to specific conditions, such as staying in a particular area for a set duration, which could be a drawback for some applicants.

With its temperate climate, including mild winters and warm summers, South Carolina is an attractive place to live. The Palmetto State boasts a beautiful coastline along the Atlantic Ocean with picturesque beaches, such as Hilton Head Island, Myrtle Beach, and Kiawah Island, where residents can enjoy sunbathing, swimming, surfing, and other water sports throughout much of the year. 

Overall, the combination of natural beauty, rich history, cultural attractions, outdoor recreation, affordability, and southern hospitality makes South Carolina an appealing spot for home-buying for many individuals, including nurses. According to the Bureau of Labor Statistics, some 54,550 nurses call South Carolina home, including 5,470 nurse practitioners and 48,790 registered nurses, respectively. 

Whereas some areas of South Carolina are quite affordable, the beauty and popularity of many areas make them quite expensive. According to the FED, the median listing price of a single-family home in South Carolina is around $351,370.

Can a working nurse in South Carolina become a homeowner? With a nurse mortgage, the answer is a decided ‘yes.’ Designed for working nurses, these programs help with the cost and complexity of buying a new home in the Palmetto State. 

How do South Carolina nurse mortgages work?

Applying for a nurse mortgage in South Carolina requires a similar process to applying for a traditional mortgage. However, there are some differences that it’s important to be aware of. Follow these steps to use a nurse mortgage for your own home purchase:

  1. Research nurse mortgage programs in South Carolina. We’ve done the legwork for this step below! These home loan programs may have unique features and benefits tailored to the needs of nurses like you, such as low down payment requirements, assistance with closing costs, and competitive interest rates.
  2. Gather your documents, including pay stubs, W-2 forms, bank statements, and tax returns. Additionally, some nurse mortgage programs require documentation specific to nursing employment, such as proof of licensure or employment verification.
  3. Work with your lender. A nurse mortgage lender understands the unique requirements of the nursing profession and will guide you through the home-buying process. 

By following these steps and working closely with a lender who is experienced in nurse mortgage programs, you’ll navigate the process of applying for a nurse mortgage in South Carolina with confidence.

The pros and cons of pursuing a nurse mortgage in South Carolina

Let’s break down the pros and cons of snagging a nurse mortgage.

Pros:

  • Nurse-friendly criteria. These mortgages often cut borrowers some slack on things like employment history and multiple job situations. Perfect for those of us who don’t fit the traditional 9-to-5 mold!
  • Support to make homeownership more affordable. Some home buying programs offer extras that help nurses afford homes, such as down payment assistance, eligibility for a higher loan amount, or help with closing costs through programs like Homes for Heroes.
  • No PMI, no problem. Say goodbye to that pesky private mortgage insurance (PMI) eating away at your paycheck. Nurse mortgages often don’t require a PMI, which means lower monthly payments and more money in your pocket each month.
  • More relaxed eligibility requirements to make qualifying easier. Nurse loans often have more flexible credit score requirements, which helps nurses who have a high debt-to-income ratio due to student loans. Showing you have a work history of at least a couple years is often enough to convince loan officers that you’ll be able to make loan repayments. FHA loans are particularly good options for nurses with low credit scores.
  • Easy documentation. Who wants paperwork headaches? Nurse mortgages usually simplify paperwork, which is great for us nurses with funky work schedules (like in the case of travel nurses) or side hustles.
  • Special perks for nurses. Some nurse assistance programs even throw in cool extras like relocation assistance or loan forgiveness for those doing the good work in underserved areas. It’s like a cherry on top of your homeownership sundae!
  • Options for first-time homebuyers looking to purchase and current homeowners looking to refinance alike. As well as using nurse mortgage loans to cover the purchase price of a new primary residence, medical professionals can use nurse mortgages for refinancing a current conventional loan.

Cons? Yes, there are some. 

  • Limited availability. Nurse mortgages aren’t as widespread as conventional mortgages, meaning you may have fewer options to choose from. It’s like hunting for the perfect pair of scrubs in a store that only stocks one brand! Luckily, we’ve provided you with a list of the best options in SC.
  • Special requirements. Some nurse mortgage programs have specific requirements or hoops to jump through, like committing to stay in a certain area for a set period. It’s kind of like agreeing to work a double shift – extra effort for extra benefits!
  • Better perks for certain areas. Nurses who decide to live in designated rural areas (including some suburbs) may qualify for a USDA loan and see even better terms.

There you have it – the lowdown on nurse mortgages, complete with their perks and pitfalls. Just like any financial decision, it’s all about weighing the pros and cons to see if it’s the right fit for you.

Nurse mortgages in South Carolina: a case study

Tom and Rebecca had just settled into their careers in nursing and were dreaming of taking the next big step in their lives: buying their first home together. However, like many young couples living in the Columbia area, they soon discovered that navigating the world of real estate and mortgages is often overwhelming – and expensive. 

Determined to find a solution, Tom and Rebecca began researching their options and stumbled upon the concept of nurse mortgages. Intrigued by the idea of a mortgage designed specifically for healthcare professionals like themselves, they decided to explore further.

They reached out to a local lender who specialized in nurse mortgage programs and learned all about the benefits of a nurse mortgage – from friendlier eligibility criteria to assistance with closing costs and no private mortgage insurance. Tom and Rebecca felt a sense of relief knowing there was a mortgage option tailored to their unique needs as nurses.

Finally, after a bit of elbow grease and working closely with their lender, they found the perfect place to call their own: a cozy bungalow nestled in a quiet Columbia neighborhood. With the help of their nurse mortgage, they were able to make an offer and secure their dream home.

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.

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.

Save more money than your friends

One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.