Nurse Mortgages in Wisconsin


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First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

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Online

usually responds within 30 minutes

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

$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 → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
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
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • CRNA
  • NP
  • PA
  • DC
  • DVM
  • PharmD
  • JD
  • CPA
  • PhD
  • RN

Flagstar

(All 50 States Except NY)

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Online

usually responds within 30 minutes

Flagstar

(All 50 States Except NY)

$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 → ]

  • Minimum credit score: 680
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • RN
  • DC
  • PhD

Frandsen Bank & Trust

(MN, WI)

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Online

usually responds within 30 minutes

Frandsen Bank & Trust

(MN, WI)

$100M Closed Loans

Frandsen Bank & Trust, established in 1982, is a full-service, community-oriented financial institution with over 35 locations across Minnesota, North Dakota, and Wisconsin.

High-income professionals can utilize Frandsen Bank & Trust's comprehensive financial services, including planning, wealth management, and private banking. The bank provides personalized strategies to manage, grow, and protect wealth, with a keen focus on individual financial goals and circumstances. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • Fellow
  • Resident
  • DC
  • CPA
  • PhD
  • RN

GreenState Credit Union

(All 50 States Except CA)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

GreenState Credit Union

(All 50 States Except CA)

$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 → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • NP
  • PA
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Key Terms

  • Wisconsin nurse mortgages offer flexible eligibility criteria, accommodating nurses with unconventional work schedules, multiple jobs, or high student debt levels, making it easier for them to qualify.
  • These specialized mortgages feature lower down payment requirements and assistance programs, helping nurses overcome financial barriers to homeownership.
  • Nurse mortgages in Wisconsin may also include additional benefits like lower interest rates and waived PMI, tailored specifically to support nurses in their unique financial situations.

Nestled in the heart of the Midwest, Wisconsin offers a plethora of reasons to call it home. With its stark and quintessentially Midwestern natural beauty, including picturesque lakes and rolling hills, outdoor adventures abound in the so-called Badger State. Whether you’re into hiking, camping, fishing, or simply soaking in the serene landscapes, Wisconsin has something for everyone. But it’s not just the scenery that makes Wisconsin special. The state boasts a robust economy with thriving industries in manufacturing, agriculture, and healthcare.

That healthcare industry attracts a lot of medical professionals, including nurses. According to data from the Bureau of Labor Statistics, Wisconsin is home to 68,030 nurses,  a list that includes some 950 CRNAs, 61,870 RNs, and 5,210 NPs.

While the cost of living is more affordable than in many parts of the country, housing prices are going up. According to the FED, the median listing price of a single family home is right around $385,950. For nurses in the state, this can make buying a home expensive or difficult. 

Fortunately, there are nurse loans that can help. These unique financial products offer an array of advantages to nurses in Wisconsin hoping to finance a home. 

What are the main advantages of a Wisconsin nurse mortgage?

Taking out a nurse mortgage in Wisconsin offers several advantages tailored to the unique needs and circumstances of nurses:

  • More Flexible Eligibility Criteria: Nurse mortgages typically come with more flexible eligibility requirements compared to traditional mortgages. This means nurses with unconventional work schedules, multiple jobs, or high levels of student debt may find it easier to qualify for a nurse mortgage.
  • Lower Down Payments: Nurse mortgages often feature lower down payment options, making homeownership more accessible for nurses who may not have substantial savings for a traditional down payment.
  • Assistance Programs: Many nurse mortgage programs offer assistance with down payments, closing costs, or even forgiveness programs for nurses working in underserved areas. These assistance programs can help nurses overcome financial barriers to homeownership.
  • Specialized Benefits: Nurse mortgages may come with specialized benefits designed specifically for nurses, such as lower interest rates, waived private mortgage insurance (PMI), or flexible documentation requirements that take into account income from overtime or multiple jobs.

Overall, opting for a nurse mortgage in Wisconsin can provide nurses with the support and financial assistance they need to achieve their dream of homeownership in a competitive housing market.

For healthcare professionals like travel nurses who can’t get approved for their target loan amount with a conventional loan, finding another mortgage lender who works with physicians, dentists, or nurses can help. These programs may have more flexible terms on the debt-to-income ratio (DTI) or down payment assistance for qualifying medical professionals. Conventional mortgages like FHA loans, USDA loans, or VA loans may be more strict in terms of what a borrower needs to qualify for a new home.

As with all home loan programs, both experienced and first time homebuyers should review all terms such as loan repayment rules, upfront underwriting steps, purchase price limits, disclosures, requirement of any employment contracts, length of work history needed, and monthly payments with these mortgage options. For obtaining a primary residence with real estate, refinancing steps, nursing students may also want to research these programs as they prepare to graduate and accept an employment contract. Getting pre-approval could help you make a decision about where you want to move and accept a job.

Specfic mortgage loan programs may exist in your state or could be referred to as “nurse next door.” Look up home buying programs before making a home purchase. Various home loans for nurses exist.

Is a Wisconsin nurse mortgage right for me? 

Want to determine whether a nurse mortgage is the right choice for you? Ask yourself the following questions:

Assessing your financial health:

  • What is the state of your income, savings, debts, and credit score?
  • How does owning a home align with your long-term financial goals?

Researching your options in Wisconsin:

  • What are the eligibility requirements, interest rates, and available perks associated with nurse loans?
  • How do these options compare with traditional mortgages available to you?

Seeking guidance:

  • Have you consulted with professionals to gain insights into nurse mortgages?
  • What do your fellow nurses say about these products?

Remember to take your time and carefully weigh your options before committing to a nurse mortgage. Purchasing a home is a significant decision, so ensure you’re comfortable with the chosen path forward.

Examples of nurses who take out nurse mortgages in Wisconsin

Let’s dive into a couple of real-life tales of nurses who’ve chosen Wisconsin nurse mortgages. These stories will paint a vivid picture of how nurse mortgages can be a game-changer for aspiring homeowners like you:

Picture this: In bustling Madison, there’s Emily, a dedicated RN burning the midnight oil at a local hospital. Despite her hard work, saving up for a down payment on a home seems like an uphill battle with student loans and bills piling up. But then, like a ray of sunshine, she discovers nurse mortgages. These babies offer lower down payment options compared to regular mortgages, giving Emily the boost she needs to make homeownership a reality without breaking the bank.

Now, let’s shift gears to another corner of the state. Meet Ethan, a go-getter nurse with dreams of owning his dream home. But his journey hits a roadblock with traditional lenders due to his hefty debt and unpredictable work hours. Feeling stuck, Ethan almost gives up until he learns about nurse mortgages. Suddenly, doors start opening with these specialized loans, offering more flexible eligibility criteria and a smoother path to homeownership. With a nurse mortgage in hand, Ethan’s on his way to turning his homeownership dreams into reality in Wisconsin.

Looking for a nurse mortgage in a different state?

If you’re looking to explore the best nurse mortgage in other states, click on your state below.

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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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