Doctor Home Loans in Indiana

Doctor Home Loans in IndianaWhether Indiana is your home base or it’s medicine that brings you there, using a doctor home loan in Indiana can help you settle down in The Crossroads of America. Almost 17,000 physicians practice in Indiana and are leading the way to better healthcare in the heartland. 

Indiana continues to attract new residents, with over 6,700,000 who call it home.  But Indiana is more than the Hoosier State and miles of farmland. You’ll find a variety of suburbs, big cities and small towns. It’s also a state home to multiple major universities, thriving healthcare and fantastic hospitals.

Recommended Lenders for Doctor Home Loans in Indiana

US Bank physician loan

Jonathan Brozek, Mortgage Loan Officer | U.S. Bank | NMLS# 850168

Equal Housing Lender

“Pinch me. I must be dreaming!” is what one of Jonathan’s physician endorsers expressed after reflecting on his mortgage experience. Others state their experience allowed them to enjoy the process of buying a home. We’re optimistic you’d experience the same. But, there’s only one way to find out.

Contact Jonathan by emailing him here: jonathan.brozek@usbank.com (email preferred) or call (916) 788-7982

 

 

Jared Bahr of Regions Bank has been in the lending business for over 11 years and has a wealth of experience! While closing thousands of doctor home loans in his career, Jared has mastered the underwriting process and seen almost every type of contract. With Regions (and Jared) your physician loan will automatically qualify you for private banking with all its corresponding perks. As a family man himself, Jared puts a high priority on letting his clients focus on what matters most: their family and career.

Let Jared help you find your dream home today! Contact Jared by going here.

 

 

Darick Hensel,  Mortgage Banker, Huntington Bank (formerly TCF Bank) NMLS #1177936

With over 15 years experience in mortgage lending and many years specializing in physician loans, Darick Hensel draws on every previous client to help improve for the next.

He understands the nuances of physician contracts, relocations, and financial strategies. Married to a trauma surgeon, Darick values your time and need for expediency. Outside of helping new and experienced physicians with their mortgage needs, he loves his wife, 2 dogs, golfing, and traveling.  He and his wife already have tickets to the 150th British Open! Get to know Darick too.

Find him by visiting this link, emailing him at Darick.hensel@huntington.com, or calling 517-214-3257.   

 

Joe Saleh Financial Residency Mortgage PartnerJoe Saleh, Senior Mortgage Banker, Level One Bank, NMLS: 29947

Wow! 7 days, clear to close!” Those were the words of disbelief from a cardiologist moving between states.  Dedicated husband and father of 4, Joe has been in the mortgage industry for 13 years. Joe is driven by the relationships he forms with realtors, clients, and all stakeholders. He is determined to leverage his resources to satisfy the needs and lifestyles of all his clients, including those who are native Arabic speakers.

A personal goal of Joe’s is to travel to all seven continents. Only four more continents to go! He is an avid food and travel lover and won’t hesitate to dive into a conversation about his worldly adventures. Professionally, he is passionate about helping our medical professionals secure financing, whether it is a new purchase or construction. Contact Joe to begin the conversation and see how he can help you get your dream home.

Find Joe by visiting this link, emailing him at jsaleh@levelonebank.com, or calling 313- 492-1313.

 

UMB physician loansDoug Crouse, Mortgage Loan Officer | BMO Bank

Whether it’s your first home, a refinancing project or looking for the next home upgrade, Doug is focused on making a real and lasting difference. That’s why he takes the time to understand each of his clients’ unique home buying needs (as he has with my very own physician family).

Contact Doug by visiting this link.

 

 

The state of Indiana provides you plenty of options, both for your career in medicine and your housing needs. A physician mortgage loan can make it possible to own a home, no matter which town you end up calling home. 

To get started with a doctor home loan in Indiana, you should choose a lender who understands your financial challenges, as well as your hectic schedule. Once you find a lender, you should work with them to get prequalified for a physician mortgage loan. This will give you realistic numbers to work with as you start your journey with house hunting in Indiana. If you decide to make an offer on a home, being prequalified will show the seller you are serious about your offer. A preferred lender for physician mortgage loans can walk you through all the steps of this process.   

If you’re ready to get started on your doctor home loan in Indiana, then start with one of these lenders ready to help you move forward. 

List of Lenders for Doctor Home Loans in Indiana

BMO Harris – BMO Harris offers several mortgage options for physicians. Physicians can borrow up to 100% on mortgages up to $1M, 95% on mortgages up to $1.5M, and 90% on mortgages up to $2M. There is no PMI on physician mortgage loans through BMO Harris. The loan programs are available with either fixed or adjustable rates and without any special fees. BMO Harris is headquartered in Chicago, IL and also operates in the states of AZ, FL,IN, KS, MN, MO, and WI – excludes NY.

 

TCF Bank – TCF Bank has approximately 475 banking centers primarily located in Michigan, Illinois, and Minnesota with additional locations in Colorado, Ohio, South Dakota, and Wisconsin. They offer a doctor home loan designed to fit the unique needs of physicians, dentists, chiropractors, veterinarians, and more! No down payment for those who qualify (closing costs could apply). No private mortgage insurance is required for those who qualify. Their mortgage loan officers are experienced in working with medical professionals and are ready to guide them through the loan process for their purchase or refinance. 

 

US Bank – U.S. Bank is a leader in the mortgage industry. Many of their customers have said they would recommend them in the future. They offer loans that meet almost every mortgage need. You may be eligible for the U.S. Bank Customer Credit with a new or existing U.S. Bank Personal Checking Package, or with an existing first mortgage with U.S. Bank. Take 0.25% of the loan amount and deduct it from the closing costs, up to a maximum of $1,000. At U.S. Bank, they know that your home is one of the biggest investments you’ll ever make. And whether you’re looking for a new mortgage loan, a mortgage refinance or a home equity loan, you want a partner you can trust. 

 

SunTrust (now Truist) – The doctor home loan program from SunTrust Bank (now Truist) is available to MD’s, DO’s, DDS’s and DMD’s that are currently in residency, and practicing professionals that have completed their training within the last 10 years. Residents and fellows are eligible for a SunTrust physician loan up to $750,000 with no down payment. Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts up to $1,500,000 with down payment options based on loan size. 

 

Citizens Bank – Citizens Bank offers a special mortgage program for physicians and dentists through their doctor loan program. Their doctor loan is available for purchases and limited cash‑out refinances of primary residence. A few highlighted features of the program include up to 95% financing, no mortgage insurance, and your choice of a fixed-rate or adjustable-rate mortgage. Headquartered in Providence, RI, Citizens Bank has over 1,200 locations across the country.

 

Regions Bank – Regions Bank can help borrowers finance a loan with no down payment options for loans up to $750,000 or a 5% down option for those who need up to $1M. In addition, PMI will be excluded. Regions bank will also exclude certain student loan debt when calculating your debt-to-income ratio.

 

Level One Bank – Level One Bank offers up to $1,000,000 with 0% down and up to $1,500,000 with 5% down. Financing up to $3M is available. Applicants can close up to 90 days prior to the start of an employment contract. Term: 30 Year fixed, 15/6, 10/6, 7/6, 5/6-year arms available for purchase and refinance. New Construction loans available upon request. No Private Mortgage Insurance (PMI) is required and student loan debt deferment is allowed for resident physicians. The program allows: Residents, Fellows, MD, DO, DMD, DVM, DDS, and PharmD and most Visa holders are eligible.

Recommended Real Estate Agents In Indiana

Financial Residency has partnered with Dr. Moves to offer you a tailored home buying experience with agents that specialize in working with physicians in Indiana. 

Moving to a different state? Click on the state you are moving to and get the best lenders in that state.

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