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.
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 |
• Online
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, 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 → ]
| 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 |
West Virginia is one of the most unique and beautiful states in the Union, featuring stunning green mountains and landscapes, quaint towns, and thriving communities. Nurses who live and work in this state have a wealth of work opportunities, but buying a home in West Virginia is often difficult.
According to the Bureau of Labor Statistics, some 20,860 registered nurses alone are working in the Mountain State. Many of these medical professionals, however, are finding it hard to purchase a new home in the state. This may be for many reasons, including the fact that properties do not turn over in West Virginia as often as in other places.
Another reason it’s difficult to become a homeowner is the current cost of a home in this Appalachian state. The median listing price of a single-family home in West Virginia currently hovers around $240,000, according to the FED, making homes expensive for the average registered nurse.
Nurses living and working in West Virginia do have options, fortunately. One is a nurse mortgage. These specialized financial products are specifically for healthcare professionals who are searching for new homes.
As with any financial decision in life, taking out a nurse home loan in West Virginia comes with pros and cons. However, the pros are pretty impressive. For one thing, these loans are designed to work with the unique financial situations of nurses. As such, they take into consideration the fact that nurses often have multiple jobs (particularly in the case of travel nurses), they offer more flexible qualification criteria, and they offer more manageable down payments.
Some home loan programs even include extra assistance with the home-buying process. This may include help with closing costs for borrowers, down payment assistance programs, and lower minimum credit scores than conventional loans.
In addition, mortgage lenders know that (like all healthcare professionals) nurses have to take out pricey student loans to start their careers, which may lead to a high debt-to-income ratio (DTI). Bearing this in mind, they use more flexible underwriting in their home-buying programs.
The cons? There are a few to keep in mind. Nurse mortgages are less common than conventional mortgages, which means your options may be limited. In some cases, interest rates might be higher, although the total savings from the program often ameliorate this. Finally, you should keep an eye out for any additional fees included in some programs.
If you are one of the 470 certified registered nurse anesthetists or 1,860 nurse practitioners, determining if a nurse mortgage in West Virginia is right for you will involve assessing your personal finances, goals, and preferences. These are the steps you should take to make that decision:
If you’re a first-time homebuyer with a low credit score, one type of nurse loan to consider is an FHA loan. These offer low down payment options of just 3.5%. Although you will have to pay upfront and annual mortgage insurance premiums, you can refinance out of mortgage insurance when your credit improves. This insurance is also still more affordable than private mortgage insurance (PMI).
Another great option for achieving homeownership as a nurse is a USDA loan. This will allow you to purchase real estate in a designated rural area often with no down payment required.
Tori has just finished her nursing courses in Mercersburg and is already employed full-time at a local hospital in Petersburg. As an avid outdoors person, she is hoping to find a healthy work–life balance: working hard but also enjoying time climbing and hiking outdoors.
She and her husband have an eye on a great, multi-acre property just out of town on the way down to Seneca. Trouble is, she’s not sure they can make the down payment, which may make qualifying for a loan difficult. She needs a way to maximize her leverage in the West Virginia housing market.
Luckily for her, one of her nursing school instructors told her about nurse mortgages in the Mountain State. With the help of a nurse mortgage program, she will be able to qualify for a mortgage on the property without wiping out her savings. With help for closing costs included as well, she and her husband can make an ambitious first-home purchase while staying financially responsible. After talking to a loan officer, Tori finds the perfect mortgage for her needs, which will give her favorable loan terms, including a lower interest rate on her mortgage than would have been possible with a conventional loan.
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.
One email each week covers personal finance, financial independence, investing and other stuff for lawyers that makes you better.
Biglaw Investor is helping thousands of lawyers manage and eliminate student loans and make great investment decisions. We’re on a mission to help every lawyer achieve financial independence.
