Ohio physician-mortgage planning
Matt works with physicians purchasing in Ohio. Review the employment contract, student debt, cash reserves, property type and closing timeline before writing the offer. Final approval and product availability depend on the complete application and property.
Ohio medical markets
Cleveland relocations may center on Cleveland Clinic, University Hospitals and Case Western; Columbus on Ohio State Wexner Medical Center and Nationwide Children’s; Cincinnati on UC Health and Cincinnati Children’s; and Toledo on ProMedica and Mercy Health. Commute and municipal income-tax considerations can affect the location decision.
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
Ohio taxes and closing considerations
County assessments, homestead rules and municipal income taxes vary. Obtain a property-specific tax estimate and discuss owner-occupancy credits or exemptions with the county rather than copying the seller’s bill.
Build a complete comparison
Compare cash to close, complete payment, fixed versus ARM risk, five-year interest, remaining balance, reserves and the effect of student-loan treatment—not simply the advertised down payment.
Frequently asked questions
Can Matt help with an Ohio physician mortgage?+
Yes. Matt works with physician-mortgage borrowers purchasing in Ohio. Program, borrower and property eligibility are confirmed during the application and underwriting process.
Can a resident use an employment contract?+
Potentially, if the chosen lender accepts the contract, start date, compensation and all other underwriting conditions.
What should I compare besides the down payment?+
Compare rate, APR, fees, complete payment, retained reserves, ARM risk and the cost over the years you expect to keep the loan.