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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 |
With the majestic Green Mountains and lush forests, Vermont is a year-round paradise for outdoor enthusiasts, offering skiing, hiking, and leaf-peeping. Burlington enhances the state’s charm with its vibrant dining scene, live music, and lively bars, appealing to both nature lovers and city dwellers alike.
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 indicates that approximately 8,030 nurses reside in Vermont. That includes about 720 nurse practitioners and 7,260 registered nurses, respectively.
Unfortunately, for nurses working in Vermont, finding a home to purchase is not always straightforward. According to the FED, the median listing price of a single family dwelling in Vermont is around $499,000, making a new house unaffordable for many of the state’s employed healthcare workers.
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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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.