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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
Alerus Financial is a bank established in 1879 that offers comprehensive financial solutions including banking, mortgage, retirement, and wealth management services.
High-income professionals can utilize Alerus Financial's comprehensive suite of services including wealth management, retirement planning, and personal banking. Their personalized financial strategies include investment management, estate planning, and risk management. Alerus also offers business banking and mortgage services. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $750,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 million |
$100M Closed Loans
Bank of America, founded in 1904, is a leading global financial institution offering a broad range of banking, investing, asset management, and other financial and risk management products and services.
High-income professionals can take advantage of various services from Bank of America, including personalized wealth management, advanced investment strategies, and dedicated advisors for financial planning. They also offer specialized banking services, flexible mortgage options, and exclusive rewards and benefits. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 3% | up to $825,000 |
| 5% | up to $1 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
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BankMD, founded in 2005 and operating via bankmd.com, specializes in providing financial services to medical professionals with a focus on personal loans and wealth management.
High-income professionals can access a suite of services from BankMD, including specialized banking, lending, and investment solutions. The bank's offerings are tailored to meet the unique financial needs of medical professionals, helping them manage and grow their wealth effectively. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 5% | up to $1 million |
| 10% | up to $2 million |
| 15% | up to $3 million |
$100M Closed Loans
First Bank, established in 1935, is a comprehensive financial institution offering a broad range of banking, insurance and investment services across the globe.
High-income professionals can take advantage of a host of services from First Bank. These include personalized wealth management, high-yield savings accounts, and exclusive credit offerings. Additionally, they offer robust investment services, tailored mortgage options, and comprehensive insurance products. First Bank prioritizes privacy, ensuring secure transactions every time. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $400,000 |
| 5% | up to $1 million |
| 10% | up to $2 million |
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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 |
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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 |
$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 |
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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 |
$100M Closed Loans
Laurel Road, established in 2013, is a fintech company known for its online lending platform, providing student loan refinancing, mortgages, and personal loans.
High-income professionals can leverage Laurel Road's services for personalized financial solutions. The platform offers student loan refinancing, personal loans, mortgages, and high-yield savings accounts. It also provides digital banking services with attractive interest rates, emphasizing transparency and customer support. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 10% | Varies |
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usually responds within 30 minutes
$100M Closed Loans
Northpointe, founded in 1999, is a Michigan-based online banking institution providing comprehensive financial services, including checking, savings, and loans.
High-income professionals can leverage Northpointe's comprehensive financial services, which include high-yield checking and savings accounts, competitive mortgage loans, and tailored lending options. The firm also offers personalized wealth management and investment strategies to optimize asset growth. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $850,000 |
| 10% | up to $1 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
PNC Bank, established in 1845, is a comprehensive financial services corporation offering a wide range of services including retail banking, asset management, and corporate banking.
High-income professionals can benefit from PNC Bank's tailored wealth management and financial planning services. These include investment advising, estate planning, and private banking. PNC also offers specialty services such as asset management for executives and business succession planning. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 5% | up to $1 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
| 20% | Varies |
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usually responds within 30 minutes
$100M Closed Loans
The Huntington National Bank, established in 1866, is a full-service banking provider serving consumers, small businesses, and commercial markets primarily in the Midwest and Southeast U.S.
High-income professionals can leverage Huntington National Bank's wealth management services, which include financial planning, investment management, private banking, and trust services. These offerings are designed to optimize wealth growth, sustain income, and secure financial futures. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
Truist, formed by the merger of BB&T and SunTrust in 2019, is a leading banking institution offering a comprehensive range of financial services across the United States.
High-income professionals benefit from Truist's comprehensive wealth management services. These services include personalized financial planning, investment management, estate planning, and risk management. Truist also offers tailored lending solutions and private banking options to meet unique financial needs. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
UMB Mortgage Solutions, founded in 1913, offers comprehensive mortgage services including origination, processing, underwriting, and servicing, with a robust online platform.
High-income professionals can utilize UMB Mortgage Solutions for tailored mortgage plans. They offer specialized mortgage products, including jumbo loans. Their service provides personalized support, dedicated advisors, in-depth consultations, and a fast, streamlined application process. Their focus is on providing optimal solutions for high-value real estate purchases. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $5 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
Union Bank and Trust Company, founded in 1917, is a full-service financial institution located in Nebraska, offering a broad range of banking, investment, and insurance services.
High-income professionals can leverage Union Bank And Trust Company's comprehensive wealth management services. These include investment management, financial planning, private banking, and trust services. UBT facilitates seamless banking transactions, ensuring asset growth and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $500,000 |
| 5% | up to $1 million |
| 10% | Varies |
In the “Cornhusker State,” Nebraska presents unique opportunities and exceptional healthcare, bolstered by some 4,600 working physicians. With its rich history since 1867 and borders shared with five states, Nebraska is a compelling choice for high-income professionals.
Owning a home in Nebraska may seem like a bit of a reach for some residents, even its doctors. According to the Nebraska Realtors Association, the average home price in Nebraska is $206,888. 17.6% of the homes were built after 2000 and 72.2% of the homes are single-family units. 64.4% of the people in Nebraska own their homes, while 35.6% are tenants.
For doctors and dentists, now may be the time to consider purchasing a home here. Nebraska also has plenty of shortage areas where physicians are truly needed. You might be able to get a great employment offer in these shortage areas and then use a Nebraska Physician mortgage loan to acquire that property. A Nebraska Physician mortgage loan program may be able to assist. Qualified individuals may be able to secure a minimal down payment or not pay one at all based primarily on your employment agreement and upcoming start date.
As with any major commitment, it’s crucial to consider both the pros and cons when deciding on a mortgage. Nebraska physician loans come with a range of benefits, including:
What are the cons, if any, associated with these loans? Nebraskan doctors may want to keep in mind that all of those benefits come with higher interest rates, typically. You may also need to open a secondary account with your lending bank in order to consolidate your long-term financial relationship with them.
Not all doctor loans are created equal, so it’s good to know the specifics of each loan program before you apply. For healthcare professionals looking for a new home, a realtor might be able to scour the NMLS for you to find a range of homes you like. This gives you an initial idea of your possible budget for a new home. Also think about whether a lender has strict rules on whether you can refinance a property in the future if you face any pre-payment penalties.
Sometimes doctors use signing bonuses or housing bonuses to help reduce a mortgage payment, so knowing about these factors is important when selecting a lender. Talk about eligibility concerns with each lender if you’ve already got a start date for your new role.
Health professionals might look at many different factors when selecting a lender to work with on doctor loans, so make sure you read below to learn more about what each lender looks at and their experience with physician mortgage loans. As a path to homeownership and finding a primary residence, doctor loans might be perfect for many different kinds of providers.
Is a Nebraska doctor mortgage a good choice for you? First off, consider your DTI ratio, or debt-to-income ratio. For many doctors, this number may prohibit them from qualifying for a conventional loan, since becoming a doctor often involves incurring a good deal of debt. A doctor mortgage may be right for you if your DTI ratio is still high, despite your impressive earnings.
Next, take a look at your work and lifestyle. If you have been in your job for more than a year or two and foresee yourself staying in Nebraska, taking out a mortgage is a good fit. You also need to gauge your comfort level with paying a potentially high interest rate on this loan.
Who are the medical professionals in Nebraska taking out physician loans? The following are a few portraits of these professionals, the description of whom may sound similar to your own situation.
As a resident at , Veronica’s income is good, and she’s on path to have some impressive income since she is specializing in orthopedics. For the time being, however, her DTI ratio is not looking good to most lenders, given the amount of debt she incurred in medical school and the fact that her income has not yet reached its full potential. Taking out a physician mortgage loan is the best way for her to buy a home. It gives her special consideration of her debt, and the lender understands that she is on track to be a high-earning professional in the very near future.
Working as a pediatrician has been gratifying for Frank. His Lincoln practice is doing well and he has become a leader in his field. On the lookout for a home, Frank is weighing all of his options. Physician loans look great with their higher limits, no PMI and zero money down, but he hasn’t been crazy about some of the rates that he has seen. Fortunately, he came across one regional lender in Nebraska who is offering a doctor mortgage at a competitive rate. He’s decided to move forward with this option, since he gets the benefits of one of these loans along with a great interest rate.
If you’re looking to explore the best physician loans in other states, click on your state below.
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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