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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 |
Renowned for its stunning landscapes, including the Green Mountains, lush forests, and picturesque countryside, Vermont has opportunities for residents to enjoy outdoor activities as diverse as skiing and snowboarding to hiking, fishing, and even leaf-sighting throughout the year. If you enjoy the city life, Burlington — with its range of restaurants, live music venues, and bars — is equally ideal. The quality of life throughout the state is unrivaled, making it a haven for those who love the outdoors, small town living, or bustling cities.
Known locally as the Green Mountain State, Vermont is home to a number of medical professionals, including nurses. In fact, data from the Bureau of Labor Statistics tells us that some 8,030 nurses call Vermont home. That includes some 720 nurse practitioners and 7,260 registered nurses, respectively.
Unfortunately, for nurses working in Vermont, finding a home to buy is not always easy. According to the FED, the median listing price of a single family home in Vermont is around $499,000, making a new home cost prohibitive for many of the state’s working nurses.
The good news is nurse mortgages are there to help. Created specifically for health providers, these programs give Vermont residents a more affordable way to own a home.
When you are making a decision as big as buying a home, you need to carefully consider the upsides and downsides of choosing a specific financial product. What are some of the pros of picking a nurse mortgage?
And the cons? Keep an eye out for any unexpected fees. These programs may be difficult to find — or, at least, they are not as common as traditional mortgages.
To help you out, we’ve compiled a list of your best Vermont options below.
Whether you should take out a nurse mortgage in Vermont will depend on various factors, including your financial situation, homeownership goals, and the specific terms of available from nurse mortgage programs.
To determine if a nurse mortgage is right for you, follow these steps:
Although nurse loans have more relaxed eligibility criteria, it’s still important for borrowers to do everything they can to receive the best terms. A perk of living in the state of Vermont is you can take advantage of the Vermont Educational Loan Repayment Program for Health Care Professionals. The program helps nurses pay off their student loans to address the shortage of certain health professionals in Vermont, including advanced practice registered nurses and physician assistants.
The program is funded by the Department of Health and administered by the University of Vermont Larner College of Medicine Office of Primary Care and Area Health Education Centers (AHEC) Program. Start the application process to find out if you could reduce your student loan balance before you become a homebuyer to gain better terms on your mortgage loan.
A full-time nurse, Rashad had always pictured himself living in a cozy cabin surrounded by lush forests, where he could unwind after long shifts at the hospital and reconnect with nature. However, the prospect of navigating the complex world of mortgages had always been daunting to Rashad. Plus, he wasn’t sure how much leverage he would have in the Vermont housing market.
One day, while scrolling through his social media feed, Rashad stumbled upon an article about nurse mortgages. Intrigued by the possibility of securing a mortgage tailored for health care professionals like him, Rashad did a deep dive on the topic. He was happy to learn that nurse mortgages offered special benefits (such as lower down payment requirements and assistance with closing costs) and were designed to make homeownership more accessible to nurses like him.
Excited by the prospect of owning his own home in Vermont, Rashad decided to explore his options further. He reached out to a local mortgage lender who specialized in nurse mortgage programs and scheduled a consultation to discuss his goals.
Encouraged by the support and guidance of the mortgage lender, Rashad took the leap and applied for a nurse mortgage. Despite some initial nerves, Rashad received approval for his application and soon found himself the proud owner of a charming cabin in the heart of Vermont.
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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