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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 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 → ]
| 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 |
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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 |
• Online
usually responds within 30 minutes
$100M Closed Loans
Shoreham Bank, founded in 1860, is a reputable financial institution offering a comprehensive range of banking services including loans, savings, and online banking.
High-income professionals can take advantage of various services from Shoreham Bank. These include specialized checking and savings accounts, tailored investment advice, estate planning, and personalized loan options. The bank also offers a private banking service, providing dedicated financial advisors for comprehensive wealth management. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
Simmons Bank, founded in 1903 in Arkansas, is a full-service financial institution offering a range of banking products and services in multiple states across the US.
High-income professionals can benefit from Simmons Bank's range of services, including wealth management, private banking, investment services, and financial planning. The bank offers personalized solutions tailored to meet their unique financial needs and goals. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $417,000 |
• Online
usually responds within 30 minutes
$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 → ]
| Down payment | Financing |
|---|---|
| 0% | up to $766,550 |
| 5% | up to $1 million |
Renowned as “The Volunteer State,” Tennessee captivates high-income professionals with its vibrant music scenes in Nashville and Memphis, iconic sites like the Great Smoky Mountains National Park, and the Civil Rights Museum. With affordable living and diverse outdoor activities, from mountain hiking to lake boating, Tennessee offers a compelling blend of culture, natural beauty, and cost-effectiveness.
A good number of nurses like to call the Volunteer State home as well. In fact, according to data from the Bureau of Labor Statistics, Tennessee is home to Error: Data not found. nurses, including some Error: Data not found. CRNAs, Error: Data not found. RNs, and Error: Data not found. NPs.
While Tennessee is more affordable than some states, house prices are still increasing there. According to the FED, the median listing price of a single family home is right around Median listing price data for TE is not available. As prices continue to rise, more and more of Tennessee’s nurses may find themselves priced out of purchasing a home in the state.
For nurses struggling to make a down payment, dealing with student debt, or priced out of the market, nurse mortgages in Tennessee can make a big difference.
Applying for and receiving a nurse mortgage in Tennessee involves several steps. Initially, you’ll need to research lenders in the state who offer specialized mortgage products for nurses. (Fortunately for you, we’ve assembled a list of some of the best below.)
Once you’ve identified potential lenders, gather all necessary documentation, including proof of income, employment history, and licensure.
After preparing your documents, you can begin the prequalification process by contacting the lender. If prequalified, you’ll proceed to formally apply for the nurse mortgage, submitting your application and required documentation. The lender will then review your application during the underwriting process to assess your eligibility for the loan. If approved, you’ll receive a mortgage approval letter outlining the terms of the loan.
Finally, you’ll proceed to the closing stage, where you’ll sign the final loan documents and pay any associated fees. Throughout the process, maintaining open communication with your lender is crucial to ensure a smooth and successful outcome.
Wondering if a Tennessee nurse mortgage is the way to go for you? Well, it boils down to a few things. Think about your financial situation, your plans for owning a home, and your career as a nurse.
Nurse mortgages in Tennessee have some perks designed just for folks like you. They can make it easier to qualify for a mortgage, offer help with down payments, and might even come with lower interest rates. But, of course, it’s not a one-size-fits-all solution.
Take the time to weigh the pros and cons, check out the terms of the mortgage program, and see if it meshes well with your financial goals. And if you’re not sure, it never hurts to chat with a financial advisor or lender on our list above to get some advice tailored to your situation.
For aspiring home buyers who have a target loan amount in mind, it can be hard to qualify for conventional mortgages. Some mortgage lenders, such as those offering conventional loans like FHA loans, VA loans, regular fixed-rate mortgages, or USDA loans, may not be able to service nurse borrowers. Every mortgage loan has their own rules, especially when it comes to special applicants like first time home buyers.
Review the specific rules, such as:
Ask the loan officer your questions about qualifying to get a primary residence as a medical professional, such as whether your new employment contract is enough.
Much like medical doctors, travel nurses and other healthcare professionals may not be able to get approved for conventional loans or things through the Department of Agriculture/Federal Housing Administration, or Department of Veterans Affairs. Going to nurse home loans like the nurse next door program can help them purchase NMLS real estate more easily upfront, however. Whether you’re moving to a populated area in Tennessee like Nashville or Franklin or finding a job in a more rural area, you could be able to purchase real estate through a special home buying program for nurse homeowners.
Sometimes it can help to hear examples of what a process is like. Here are a couple of examples of nurses in Tennessee obtaining nurse mortgages:
Zoe, an emergency room nurse in Nashville, had been renting an apartment for several years but dreamt of owning her own home. With her irregular work schedule and significant student loan debt, she was concerned about qualifying for a traditional mortgage. Zoe learned about nurse mortgages tailored for healthcare professionals and decided to explore her options. She found a lender in Tennessee offering nurse mortgage programs and applied for prequalification. With the help of the specialized program, Zoe was able to secure financing for her first home, complete with assistance with the down payment and lower interest rates.
James and Emily, a married couple both working as nurses in Knoxville, were eager to move out of their cramped rental apartment and into a larger home for their growing family. However, they were worried about their high debt-to-income ratio due to student loans. After researching mortgage options, they discovered nurse mortgage programs available in Tennessee. James and Emily found a lender willing to work with their unique financial situation and applied for a nurse mortgage. Thanks to the specialized program’s flexible eligibility criteria and assistance with closing costs, they were able to purchase their dream home in Knoxville without the stress of a traditional mortgage.
These examples illustrate just some of the ways in which nurses like you can benefit from Tennessee nurse mortgage programs and achieve their homeownership goals.
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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