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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 |
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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 |
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usually responds within 30 minutes
$100M Closed Loans
Citizens Bank, founded in 1828, is a major U.S. commercial bank offering a comprehensive range of retail and commercial banking products and services.
High-income professionals can take advantage of various services from Citizens Bank, including wealth management and investment opportunities. They also offer private banking, retirement planning, and estate services. High-net-worth individuals can benefit from personalized financial strategies, designed to optimize their wealth and secure their financial futures. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 5% | up to $850,000 |
| 10% | up to $1 million |
| 15% | up to $1.5 million |
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usually responds within 30 minutes
$100M Closed Loans
Fifth Third, founded in 1858, is a diversified financial services company offering banking, investments, and consumer and commercial lending across the US.
High-income professionals can leverage Fifth Third’s comprehensive financial services which include wealth management, private banking, and investment advisory. These services aim to optimize wealth growth, ensure financial security, and provide custom solutions tailored to individual financial goals. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 10% | up to $2 million |
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usually responds within 30 minutes
$100M Closed Loans
First Federal Savings And Loan Association Of Lakewood, founded in 1935, is a community-focused bank providing a range of financial services including mortgages, personal banking, and business banking.
High-income professionals can take advantage of various services from First Federal Savings And Loan Association of Lakewood. These include diverse investment options, comprehensive wealth management assistance, and tailored lending solutions. The institution also offers a range of personal and business banking services, prioritizing convenience and security. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.25 million |
| 10% | up to $1.5 million |
| 15% | up to $2 million |
• Online
usually responds within 30 minutes
$100M Closed Loans
First Merchants, founded in 1893, is a financial services company based in Indiana, offering personal banking, business banking, mortgage services, and wealth management.
High-income professionals can benefit from First Merchants' range of services including wealth management, private banking, and tailored financial advice. These services are designed to optimize asset growth, ensure financial security, and facilitate custom financial strategies. [ 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
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 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 |
• Online
usually responds within 30 minutes
$100M Closed Loans
Keybank, established in 1825, is a regional bank headquartered in Cleveland, Ohio, offering a variety of financial services including retail and commercial banking, investment management, and consumer lending.
High-income professionals at Keybank are provided with comprehensive financial services. These include wealth management, specialized lending, and tailored banking solutions. They also have access to financial planning tools, investment strategy assistance, and estate planning. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1 million |
| 5% | up to $1.5 million |
| 15% | up to $2 million |
| 20% | up to $3.5 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 |
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| 10% | Varies |
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usually responds within 30 minutes
$100M Closed Loans
Liberty Federal Credit Union, established in 1955, is a member-owned financial cooperative providing a range of services including loans, savings, and investments to its members.
High-income professionals can utilize Liberty Federal Credit Union's services for personalized financial management. These include premium savings and checking accounts, low-interest loans, comprehensive investment and retirement planning, tax advisory, and exclusive credit card offers. Their services also extend to providing financial literacy resources and dedicated customer support. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $970,800 |
| 5% | up to $1.5 million |
| 10% | up to $2 million |
$100M Closed Loans
Mercantile Bank, established in 1997, is a Michigan-based community bank specializing in commercial and consumer banking, mortgage lending, and wealth management services.
High-income professionals can take advantage of Mercantile Bank's customized services, including personalized wealth management, tax planning, estate planning, and retirement advice. The bank offers business banking solutions, commercial loans, as well as a full suite of digital banking services. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $1.5 million |
| 10% | up to $2 million |
• Online
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
Northwest Bank, established in 1896, is a community-based financial institution providing a range of personal, business, and investment services across the Midwest.
High-income professionals can access a range of specialized services at Northwest Bank. These include personalized wealth management, tax-efficient investment strategies, and estate planning. The bank also offers private banking services, such as tailored mortgage solutions and premium banking products. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 0% | up to $950,000 |
| 5% | up to $1.25 million |
| 10% | up to $1.5 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 |
$100M Closed Loans
S&T Bank, established in 1902 in Pennsylvania, is a full-service financial institution offering a wide array of banking products like mortgages, savings, loans, and investment services.
High-income professionals can utilize S&T Bank's wealth management and financial planning services. These include personalized investment strategies, comprehensive retirement plans, insurance solutions, and trust and estate services. S&T Bank also offers private banking with exclusive benefits, such as premium interest rates and priority processing. [ Read Review → ]
| Down payment | Financing |
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| 5% | up to $10 million |
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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
Wesbanco Bank, founded in 1870, is a diversified and balanced financial services company, providing a wide range of personal and business banking solutions across the US.
High-income professionals can leverage Wesbanco Bank's services such as tailored wealth management, comprehensive financial planning, private banking, and trust services. The bank also offers specialized lending options, investment management, and estate planning services. [ Read Review → ]
| Down payment | Financing |
|---|---|
| 5% | Varies |
Known to many as the “Buckeye State,” Birthplace of Aviation”, or “The Heart of It All,” Ohio is bordered by Lake Erie as well as Pennsylvania, Kentucky, Indiana, and Michigan. It was the 17th state and joined the United States in 1803. It is home to numerous professional sports teams and popular tourist sites, as well as over 34,000 working doctors.
Home buying in Ohio may seem as though it is something that may be a challenge. According to the Ohio Realtors Association, the sales price of a home in the state is $277,452. Obviously, the price is higher in the big cities such as Cincinnati, Columbus, Cleveland and Dayton.
An Ohio physician mortgage loan program will allow qualified health professionals buying or refinancing a home in the state to obtain better terms and different payment options. This program may help qualified people enter homeownership without a large down payment and, for some, no down payment.
There are both pros and cons that come with these financial products. Many doctors and professionals in Ohio find that the pros far outweigh any downsides. What are those pros? One pro that many Ohio doctors enjoy is the higher loan amounts you can get with these mortgages. That translates into more buying power on the housing market.
Many also like the fact that physician loans give special consideration to student debt repayments— something that can sometimes disqualify you for a conventional loan. These mortgages don’t require that you take out Private Mortgage Insurance, either, saving you money.
What are the cons involved? You may end up spending more than you should with those high limits. Interest rates may be higher, as well. Your lender, too, may want you to open up a savings or checking account with them before confirming your loan.
What do you need to look at to determine whether one of these mortgages is right for you? To begin, take a good hard look at your career. Are you in a job that you are happy with and one that you will stick with for years? Being at a stable point in your career is an important part of committing to a mortgage.
Consider your overall financial picture, as well. A lot of student debt, even with a good income, can make it hard to qualify for a conventional loan. In that scenario, you may need to go with a physician loan in order to purchase your primary residence. Otherwise, you will need to wait until you pay that debt down or your rising income swings the dial on your DTI ratio.
Doctors and health care professionals just like you are taking out physician loans from Cincinnati to Cleveland and beyond. Who are these doctors? Their stories may sound familiar.
Greer has worked hard to become a pediatrics resident at Ohio State East. She’s at a point in her life and career where she wants to settle in and buy a home nearby. Doing that would mean wiping out her hard earned savings, however. She’s considering whether that risk is worth it. Since a local lender is offering doctor mortgages to physicians like her, she has a more than viable alternative that will allow her to finance a home with zero money down and hold onto those savings.
With a residency lined up at OhioHealth Mansfield, Charles, a primary care physician, is on his way to real success in his medical career. The contract has been signed on the dotted line and the perfect house has just gone on the market down the street from the hospital. His job doesn’t start for 60 days, however, and conventional lenders aren’t happy about that.
Fortunately for Charles, another lender offering a doctor mortgage is fine with his signed contract and doesn’t need pay stubs to approve him for the loan. With the physician loan, he is able to get the house he always wanted weeks before he has even started his new job.
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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