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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
$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 |
Nicknamed “The Beehive State,” Utah combines breathtaking landscapes with a robust economy, ideal for high-income professionals. With five national parks and majestic mountains, it’s a haven for outdoor enthusiasts who enjoy hiking, skiing, and rock climbing. Utah’s thriving technology, healthcare, and tourism sectors offer abundant job opportunities, while low crime rates and top-notch healthcare and education systems ensure a high quality of life.
A strong healthcare industry also means that Utah is home to many healthcare professionals. According to data from the Bureau of Labor Statistics, Utah is home to 27,380 nurses, a list that includes numerous CRNAs, 24,730 RNs, and 2,650 NPs.
While the cost of living is more affordable than in many parts of the nation, housing prices are escalating in the Beehive State. According to the FED, the median listing price of a single family home is right around $599,000. With that average home price in mind, some nurses may find it challenging to purchase a home on their own, especially in certain high-demand areas or if they have substantial existing liabilities. That’s where nurse loans can assist.
Nurse mortgages in Utah offer a unique pathway to homeownership tailored specifically for nurses. Unlike traditional home loans, nurse mortgages are designed with the needs of nurses in mind, providing tailored benefits and flexible eligibility criteria. Nurses in Utah can benefit from lower down payment requirements, reduced closing costs, and even special forgiveness programs tailored to their profession.
What sets nurse mortgages apart is their understanding of the challenges nurses face, such as irregular work schedules and student loan debt. These specialized loans take into account the unique financial circumstances of nurses, making it easier for them to qualify and afford a home in Utah. Additionally, nurse mortgage lenders often provide personalized support and guidance throughout the homebuying process, ensuring nurses feel confident and supported every step of the way.
For nurses in Utah dreaming of homeownership, a nurse mortgage offers a distinct advantage, providing access to affordable financing options and valuable assistance programs. With the right mortgage solution, nurses can achieve their homeownership goals and secure a place to call their own in the beautiful state of Utah.
To determine if a nurse mortgage is the right fit, nurses in Utah can follow these steps:
For a borrower who can’t qualify for a traditional loan program like an FHA loan, a refinance, a USDA loan, or a VA loan, looking outside the scope of conventional loans is recommended. For most mortgage loans, the high student loans entering repayment and debt-to-income ratios (DTI) can cause problems for nurses to qualify. If they don’t meet the eligibility requirements for a home purchase with a conventional loan managed by a loan officer, nurse loans can make that primary residence purchase possible.
Medical professionals like LPNs, nurse practitioners, travel nurses, and registered nurses may qualify for unique programs to get a new home, possibly even with a low down payment. Some aspects may be similar, such as underwriting, requirement of private mortgage insurance, and refinancing that real estate, but nurse loans may have different minimum credit score , down payment assistance, fixed-rates, and more. From experienced to first-time homebuyers, however, using a nurse mortgage instead of conventional mortgage can help them secure a primary residence. Nurses, like medical doctors, may graduate with high monthly payments on their student loans, which can throw off qualification for a traditional home loan program. However, nurse loan officers recognize that this student debt shouldn’t disqualify healthcare professionals from getting a home. This is similar to dentist and physician mortgage programs.
Still deciding whether a Utah nurse mortgage is right for you? See if either of these scenarios resonates with you and your circumstances:
Scenario 1:
Marie is a registered nurse working at Intermountain Healthcare in Salt Lake City, Utah. She has been renting an apartment for several years but dreams of owning her own home. However, Marie doesn’t have a large down payment saved up, and she worries about qualifying for a traditional mortgage due to her student loan debt. Despite her stable income, Marie feels discouraged about her prospects of homeownership in the competitive Utah housing market. After researching her options, Marie learns about nurse mortgages tailored for healthcare professionals like herself. With the lower down payment requirements and flexible eligibility criteria offered by nurse mortgages, Marie sees an opportunity to finally achieve her dream of owning a home in Utah.
Scenario 2:
John is a nurse practitioner working at a rural clinic in Ogden, Utah. He recently got married, and he and his spouse are eager to purchase their first home together. However, John’s spouse is still in school, and their combined income isn’t high enough to qualify for a traditional mortgage on a single income. They also worry about the high cost of housing in their area and the limited inventory of affordable homes. Despite these challenges, John is determined to find a solution that will allow them to become homeowners. After exploring different options, including government assistance programs, John discovers nurse mortgages designed to assist healthcare professionals in achieving homeownership. With the specialized benefits offered by nurse mortgages, such as lower down payments and favorable interest rates, John and his spouse feel optimistic about their prospects of buying a home in Utah and starting their life together.
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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Biglaw Investor is helping thousands of high-income professionals manage and eliminate student loans and make great investment decisions. We’re on a mission to help every high-income professional achieve financial independence.