Physician Loan Indiana

Regardless of whether you are a first time home buyer or buying a new home in Indiana, our vetted loan officers have a strong understanding of the local area real estate industry and what it really requires to secure your physician home mortgage with proficiency and know-how.

Our loan officers in Indiana offer special financing for doctors, like you.

First and foremost, let’s discuss why physician mortgage loans even exist. The main reason is that doctors are really profitable customers for financial institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to secure early career doctors by lending them more money with a lot fewer requirements than their competition.

Physician Home Mortgage Experts In Indiana

If you are looking for a physician mortgage loan in Indiana then you came to the right place.

You’ve trained very hard to become a doctor and buying home shouldn’t be nearly as challenging.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan specifically for doctors?

Yup, doctors get their own mortgage!

A physician loan is a specialized loan program made just for physicians in the home buying process.

We recognize the economic demands of your student loan liability, and how important it is to preserve working capital for when the time is right with starting your career. Regardless if you are a couple years into practice, or a well established physician, you can rely on us to find a mortgage loan that is specifically tailored for your needs.

Quite a few doctors in Indiana may not qualify for conventional loans for various reasons such as minimal savings for a down payment, large student loan debt or minimal to no work history.

Despite these factors smart financial institutions know that doctors are a good choice because they typically have an extremely low default rate on loans, high earning potential and stable jobs.

Not all mortgage lenders offer this specialized product and within banks that do just simply consulting with the best mortgage officer makes an enormous difference.

Benefits of Physician Home Mortgage Loans

  • Usually does not include student loan regular monthly payments in debt-to-income ratio.
  • Generally requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), even when lower than 20 percent down payment.
  • Usually will approve a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a home doesn’t need to empty your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose you have some cash to put down or are considering waiting until you have the cash?

Our loan providers can do the math for you and show you what each situation looks like and the advantages of each too.

In most circumstances, you’ll get your home mortgage paid off sooner and save thousands on interest rates too.

Additionally, don’t overlook that having equity in your house will likely offer greater security and overall flexibility, specifically if something unplanned happens. With the 100% financed physician mortgage loan, you ought to expect to start out underwater. If something does not work out and you’re forced to sell quickly, you should be prepared to write a potentially sizable check for up to 10% of the purchase price just to get out of the house.

Regardless of whether you are relocating down the road, across town or across the country, we are right here to work with you all throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Indiana physician home loan program!

Top cities in Indiana for a physician loan.

Anderson
Bloomington
Carmel
Columbus
Elkhart
Evansville
Fishers
Fort Wayne
Gary
Greenwood
Hammond
Indianapolis
Jeffersonville
Kokomo
Lafayette
Lawrence
Mishawaka
Muncie
Noblesville
South Bend
Terre Haute