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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
• Online
usually responds within 30 minutes
$100M Closed Loans
First National Bank of Omaha, founded in 1857, is the largest privately-owned bank in the U.S., offering a full range of banking and financial services across multiple states.
High-income professionals can take advantage of the First National Bank of Omaha's services, which include wealth management, comprehensive financial planning, private banking, and trust services. FNBO also offers personalized strategies for investment, estate planning, and managing retirement assets. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
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usually responds within 30 minutes
$100M Closed Loans
First Western Trust, founded in 2004, is a private bank and wealth management company, providing a comprehensive suite of financial services across the Western U.S.
High-income professionals can utilize First Western Trust's services for comprehensive wealth planning and management. Offerings include investment consulting, private banking, trust and estate planning, and retirement planning. Tailored strategies are designed to optimize financial growth and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 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 |
Wyoming’s combination of natural beauty, low population density, affordability, strong sense of community, and outdoor recreational opportunities make it an appealing place to live for many people. The Equality State boasts some of the most stunning landscapes in the West, thanks to the Tetons and Rockies.
Despite the low population density in this Western state, there are a large number of nurses living in Wyoming. As a matter of fact, Wyoming is home to some 5,860 nurses, according to the Bureau of Labor Statistics, including some 40 certified registered nurse anesthetists (CRNAs) and 470 nurse practitioners (NPs).
Even though Wyoming has historically been one of the more affordable states in the country, housing prices are on the rise, especially in popular areas, such as Jackson Hole. According to the FED, the median listing price of a single-family home is around $469,450. For the hard-working nurses of the Equality State, this may mean that buying a new home is quite difficult.
However, nurses can access special home loan programs in the state that help. These loans, known as nurses mortgages, make it easier for healthcare professionals to qualify for and afford a mortgage.
Let’s start off by discussing what makes nurse mortgages unique in Wyoming. They’re a bit different from your run-of-the-mill mortgages. These loans are specially designed with nurses in mind, which means they’re more flexible when it comes to who qualifies. As a result, nurses with busy schedules or multiple gigs often have an easier time receiving approval.
Another plus is that nurse mortgages often come with some cool perks, like help with down payments or student loan balance forgiveness programs for nurses working in areas that need extra support, such as on reservations or in remote rural areas in Wyoming.
Another difference? The mortgage lenders offering nurse mortgages understand what it’s like to be a nurse, meaning they’re more understanding of things like overtime pay and juggling multiple jobs. In some cases, nurse mortgage programs even skip that pesky private mortgage insurance stuff, which will save you some cash. Others (like FHA loans) calculate student loan payments differently to help you qualify, even if you have debt.
If you’re a nurse in Wyoming looking for a path toward homeownership, a nurse mortgage might be just the ticket for you!
Nurse mortgages are for purchasing all kinds of real estate. Whereas some loans are only for a primary residence or first-time homebuyers, other mortgage providers offer nurse loans to healthcare professionals who want to purchase a larger home or move into a different area. The higher loan limits mean you may be able to afford a much better property than you would otherwise.
When it comes to nurse mortgages, there are both advantages and disadvantages to consider. On the bright side, nurse mortgages are tailor made for nurses, offering more lenient eligibility criteria and specialized benefits for medical professionals. Some programs offer lower interest rates compared to conventional loans, potentially resulting in long-term cost savings. Certain nurse mortgage programs even waive the requirement for private mortgage insurance (PMI), saving borrowers money on their monthly payments.
However, it’s not all sunshine and roses. Nurse mortgages may have limited availability compared to traditional mortgages, as only select lenders who specialize in serving the nursing community offer these loans. Furthermore, whereas some nurse mortgage programs have lower interest rates, others may have higher rates, depending on the lender and the borrower’s financial profile. Additionally, borrowers should be aware of possible additional fees or closing costs associated with nurse mortgage programs. Furthermore, some programs are only available for adjustable-rate mortgages. Plus, despite their flexibility, nurse mortgages still have eligibility requirements that borrowers must meet, meaning not all nurses will qualify for these loans.
Ultimately, medical professionals considering a nurse mortgage should carefully weigh the pros and cons to determine if such a program aligns with their financial goals and needs.
To make loan repayments, down payments, and closing costs affordable, there are also payment assistance programs available to nurses. These complement your nurse mortgage. Talk to your loan officer about down payment options, grants, and other programs available to you to help with costs. Many of these programs have no minimum credit score requirements and allow you to increase your loan amount or make a low down payment of as little as 3% of the purchase price of the property.
Emily loves her work as a full-time RN in the oncology department at Wyoming Medical Center in Casper. Although work and life are good in general, Emily has been feeling overwhelmed by something in particular: her student loan debt, which has resulted in a high debt-to-income ratio (DTI) and is preventing her from qualifying for a mortgage.
One day, Emily begins exploring alternative options and happens upon nurse mortgages. These specialized loan programs are designed to help nurses like her overcome financial barriers to homeownership.
Excited by the possibility of finally becoming a homebuyer, Emily starts researching nurse mortgage programs available in the area. She discovers these programs have more flexible eligibility criteria and offer specialized benefits tailored to nurses’ unique financial situations.
After carefully reviewing her options, Emily decides to go ahead with the loan application for a nurse mortgage. A few weeks later, Emily receives the news that she has been approved for a mortgage. With her future as a homeowner secured, Emily is looking forward to creating new memories in her own space and continuing to make a difference in the lives of her patients at Wyoming Medical Center.
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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