Indiana physician-mortgage planning
Matt works with physicians purchasing in Indiana. Start before the offer so the employment contract, start date, student-loan treatment, cash reserves and property can be reviewed together. Final approval and product availability depend on the complete application and property.
Indiana medical markets
Indianapolis includes Indiana University School of Medicine, IU Health, Eskenazi Health and Ascension St. Vincent. Fort Wayne is anchored by Parkview and Lutheran networks; South Bend by Beacon Health; and Evansville by Deaconess and Ascension. A relocation plan should account for hospital campus, call radius and winter commute.
Current LMCU doctor-mortgage terms to compare
LMCU currently advertises 100% financing up to $1.25 million for well-qualified borrowers, 95% financing up to $1.5 million, 90% financing up to $1.75 million, loans up to $2.5 million, no required mortgage insurance, and fixed- or adjustable-rate options. Eligible professions listed by LMCU are MD, DO, DDS, DMD, DPM and CRNA. Deferred student debt may be excluded from the debt-to-income calculation. Terms, pricing, property eligibility, payroll-deposit requirements and availability must be confirmed for the borrower and property before an offer.
- 0% down up to $1.25 million for qualifying transactions
- 5% down up to $1.5 million and 10% down up to $1.75 million
- No required mortgage insurance under the advertised program
- Residents, completed residents and established doctors may be eligible
- A signed employment contract may support planning, but underwriting must confirm start-date rules
Property-tax and closing planning
Indiana applies property-tax caps and local assessments, but the actual bill depends on assessed value, exemptions and taxing district. Verify the expected owner-occupied bill with the county and model insurance and association costs separately.
Contract and property review
Provide the full signed employment contract and identify any contingencies, credentialing requirements or variable compensation. Condos, multi-unit homes and unique rural properties should be reviewed before the offer deadline.
Frequently asked questions
Can Matt help with an Indiana physician mortgage?+
Yes. Matt works with physician-mortgage borrowers purchasing in Indiana. Program, borrower and property eligibility are confirmed during the application and underwriting process.
Should I wait for credentialing to start mortgage planning?+
No. Share the contract and credentialing timeline early so the lender can identify conditions that must be cleared before closing.
Is a physician loan always better than conventional financing?+
No. Compare pricing, cash retained, mortgage insurance, five-year cost and expected holding period.