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 loanJonathan Brozek, Mortgage Loan Officer | U.S. Bank

“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 visiting this link or call (916) 788-7982

 

Truist physician loanMike Fitzmeyer, Sales Manager/V.P. | SunTrust (now Truist) | NMLSR #93716

Mike Fitzmeyer of SunTrust (now Truist) understands the mortgage business. He is a seasoned professional with over 27 years of experience with a specific focus on Doctor Mortgage financing.  Mike understands the needs of the Physician community and will tailor a mortgage solution for each client’s individual needs and financial plan. Mike and SunTrust (now Truist) have tremendous Doctor Mortgage experience and have flexibility in dealing with different situations in order to customize a mortgage solution for each client.   

Contact Mike today to get the best service for your next home purchase or refinance needs. 

 

Marc Evans, BMO Bank - Florida Doctor Home LoanMarc Evans, Private Bank Mortgage Banker | BMO Harris Bank (NMLS#362579)

Marc Evans has been in the mortgage industry north of 20 years. He believes banking is a personal commitment to helping people at every stage of their financial lives. Knowing people’s needs change, he would never waiver from providing his customers the best possible banking experience in the industry.

Contact Marc by visiting this link or call (920) 831-7721

 

Mark A. Fitzpatrick - Fifth Third BankMark A. Fitzpatrick, Mortgage Loan Originator | Fifth Third Bank

States: OH, FL, GA, IL, IN, KY, MI, NC, TN, WV, SC, WI, PN

Mark A. Fitzpatrick at Fifth Third Bank has been in the mortgage business for the past 26 years and working exclusively with physicians for 14 of those. Knowing that physicians need someone they can rely on, understand their challenges, be accessible/available during their hours, Mark would be with you every step of the way. Mark also knows that straight answers are rarer than ever around regulations and the mortgage process. You’ll need someone like him who can get rid of the jargon and still keep your dream of buying (or refinancing) your home alive.

Find out how great Mark is by reaching out here: www.financialresidency.com/53

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. 

The Complete List of Lenders for Doctor Home Loans in Indiana

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. Contact who we trust, Jonathan C. Brozek today!

 

BMO Harris Bank – At BMO Harris Bank, they believe healthcare professionals spend their time helping others, especially when it comes to home buying. That’s why they offer the BMO Harris Physicians’ Mortgage Program. Open to residents, fellows and existing or newly licensed medical doctors, the program is designed to help eliminate many of the roadblocks to mortgage financing faced by physicians. Plus, you can get up to a $200 closing cost discount. BMO Harris offers flexible debt-to-income underwriting guidelines and no private mortgage insurance is required. Contact Marc Evans for more info today!

 

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. Contact Mike Fitzmeyer today! 

 

Willow Bend Mortgage – Willow Bend Mortgage has multiple loan options to suit your financial needs. Designed for physicians, dentists, and veterinarians, there are many benefits to the medical loan program. You can utilize terms such as a 5% down payment for loans up to $1M, 10% down up to $1.5M, or 15% down up to $2M – all without PMI. There is also a 0% VA loan program for vets and active military personnel. You can inquire about the 3% down option (but with PMI) for smaller loans. The loans can include either a fixed or adjustable rate.

 

Fifth Third Bank – The doctor and dentist loan programs at Fifth Third Bank offer medical practitioners with simple solutions to meet their home financing needs. Both new and established doctors can get fixed and adjustable rate mortgage loans to purchase or refinance. What’s more is that no private mortgage insurance is required. Eligible borrowers include: Medical Doctors (MDs), Doctors of Osteopathy (DOs), Doctors of Dental Medicine (DMDs), Doctors of Dental Surgery (DDSs), and Doctors of Podiatric Medicine (DPMs). New physicians, interns, residents and fellows (those who have practiced in less than 1 year) can get up to $1 million with a low down payment, or $750,000 with no down payment.

 

Union Bank – Union Bank has a fantastic physician home loan that includes some of the best rates in the nation. Key features include: 10% down to $1.25MM loan amount, they can close up to 6 months from start date of new contract (if exiting residency or fellowship). Your down payment, reserves, and closing costs can be gifted from family with no seasoning requirements (a HUGE benefit). There is no Mortgage Insurance or PMI and you can receive a lender credit for 0.25% of the loan amount up to $1,000 for opening a platinum checking account. 

 

Horizon Bank – Founded in Indiana, Horizon Bank has grown to offer loan options throughout Indiana and the Great Lakes Bay regions of Michigan. There are several choices for loan products with Horizon Bank. Physician loans can be obtained but you have to be an eligible account-holder with the bank to begin the loan process. If you qualify, you can potentially secure a  loan up to $750,000 with no down payment or up to $1.5M with flexible down payments.

 

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.

 

Flagstar Bank – Flagstar bank offers a Professional Loan series available to physicians, dentists, attorneys and other high-income professionals. Features of the Flagstar Bank Professional Loan includes financing for loan amounts up to $1.5M. There are also low or no down payment options with adjustable rates. You will not have to pay PMI for the loans. You can also use these benefits for a purchase or refinance for your primary residence only. 

 

Huntington Bank – Huntington Bank offers a doctor loan program for medical doctors (MD, DO, DDS, DVMM, or DMD). The Physicians Only Loan Program can help you secure up to $750,000 with no down payment options. You can borrow up to $2M wiith flexible down payment options. Huntington Bank offers other benefits too, such as no PMI and no prepayment penalty. You can choose between fixed or variable rate options for your physician mortgage loans.

 

Midland States Bank – Midland States offers a comprehensive program for physician loans. Midland States Bank offers maximum loans up to $1.5M without any money down. You won’t have to pay any PMI either. There are traditional and adjustable rates and terms for your consideration. If you have a minimum credit score of 720, then you can begin the qualification process for a physician loan with Midland Bank.

 

KeyBank Mortgage – KeyBank Mortgage offers several options for your unique physician mortgage needs. Whether you are purchasing your first home or looking for cash-out or rate/term refinance, KeyBank can personalize a program for you. They offer up to 100% financing with no PMI, with fixed or adjustable rate options. Physician mortgage loans are available for both your primary residence and second homes, as well as single-family houses and condos. KeyBank has branches in numerous states, with over 17,000 employees throughout the 1000+ branches. 

 

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.

 

Chemical Bank – Chemical Bank has 500 branches primarily located in Illinois, Michigan and Minnesota. There are additional locations in Arizona, Colorado, Indiana, Ohio, South Dakota and Wisconsin and operates in partnership with several other programs across the country. Chemical Bank offers financing for Residents, Fellows and Practicing Physicians in amounts up to $3M. Depending on the mortgage product, physicians may qualify for up to 100% financing, including the purchase of condos.

 

SoFi – SoFi is known for refinancing choices, but physicians might not be aware of the mortgage options available. Although the mortgage option isn’t limited to only physicians, it is targeted towards highly-educated individuals. One alternative mortgage to consider includes a 10% down for up to $3M in financing. There are also fixed rate and ARM options, without any hidden fees for prepayment penalties.

 

Laurel Road – Laurel Road is a digital lender that is owned by KeyBank who uses innovative technological and digital strategies to help you secure lending. The physician mortgage program with Laurel Road is a home loan tailored specifically to doctors, dentists and veterinarians featuring up to 100% financing for loans up to $750,000 (for primary residences). The physician loans have fewer restrictions than conventional mortgages and bases the lending decision on credit worthiness and future income potential. 

 

TIAA Bank – TIAA Bank is a large, national bank headquartered in Jacksonville, FL. They operate in all 50 states and offer a variety of physician mortgage loan products. Their doctor loan mortgage program is only available to existing medical doctors (and DO’s, veterinarians, dentists and dental surgeons) who are actively practicing and have completed residency in the past 10 years. TIAA Bank offers loan amounts up to $2M and without any PMI. A down payment is required and you must start employment within 60 days of the loan closing.

 

Bank of America – Get started with the Digital Mortgage Experience with Bank of America. Preferred Rewards clients may qualify for a reduction of $200-$600 in the mortgage origination fee (based on your eligible balances at the time of application). Some of the home loan products they offer include fixed-rate mortgages, adjustable-rate mortgages, FHAs, and VA loans. Already pre-approved with Bank of America? View your pre qualification letter, or contact a lending officer about taking the next steps towards home financing.

 

Fairway Independent Mortgage – Fairway offers borrowers the options of fixed-rate conventional loans and adjustable-rate mortgages. Prospective borrowers can apply for a loan with Fairway Independent Mortgage online, with the closing process taking place in person. Fairway has grown into a national independent brokerage network with more than 7,000 employees — including more than 3,000 loan officers — in over 500 branches.

 

First Financial Bank – First Financial Bank offers full-service banking in addition to multiple loan options. You can work with them to find a fixed-rate or an adjustable-rate loan option, FHA, construction and JUMBO loans. In addition to these multiple loan products, First Financial Bank offers a physician loan option. The physician loan program has several adjustable-rate loan options and flexible loan terms. Headquartered in Cincinnati, OH, First Financial Bank operates in over 150 locations across Ohio, Kentucky, Indiana, and Illinois.

 

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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