Our experienced loan officers are available to guide you through the sometimes difficult and confusing process of choosing and getting the right loan to meet your specific needs.
A physician loan is a mortgage solution designed to accommodate the unique financial needs of doctors, dentists, veterinarians and medical residents. Whether you have large amounts of deferred student loan debt, need to move into
a home before starting your first job, or have been practicing medicine for many years, our physician loan program can help. We can provide flexible financing to doctors, dentists and veterinarians at any career stage.
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Meet with an experienced mortgage professional to evaluate your current situation and better determine which mortgage options might be right for you.
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To qualify for our Physician Loan program, you must have one of the following degrees, or be a medical resident with proof of a fully executed employment contract:
Medical doctors with degrees listed above but specializing in a particular field, including but not limited to: Dentists, Podiatrists, and Ophthalmologists are also eligible.
A Physician Loan offers several advantages for medical professionals when compared to a traditional mortgage. Here are some of the key benefits:
All loans are subject to credit approval. Programs are available only to qualified borrowers. Not all applicants will qualify for all program benefits. Please contact First Merchants Bank to learn more about the program and the eligibility requirements. Programs are subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. Must be purchase of a primary residence in Indiana, Michigan, Ohio, Illinois and Kentucky. Borrower must have a minimum credit score of 680 to be eligible.
1100% financing does not exclude closing costs and/or prepaids that may be required.