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Physician Mortgage Loans

First Financial Offers Special Mortgage Loans for Medical Professionals

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We appreciate the hard work and dedication of our medical community, so we offer mortgages for medical professionals with special loan terms and rates to help you put down roots in Indiana, Illinois, Kentucky, or Tennessee as you build your practice.


Who is Eligible for a Doctor Mortgage Loan?

This home loan program is for medical professionals only. You must have one of the following degrees: M.D., D.O., D.D.S., and D.M.D with employment contract.


What Types of Mortgages are Covered Under a Physician Mortgage Loan?

Both variable and fixed-rate options are available for our Medical Professionals mortgage loan.

  • Fixed Rate: Your home loan has the same interest rate for the entire term of the loan. The only way to change your interest rate is to refinance into a new mortgage.
  • Variable Rate: The interest rate is not fixed over the life of the loan. Your mortgage rate can periodically adjust up or down, according to the loan terms.


Doctor Loan Requirements

  • The mortgage must be for your primary residence.
  • No PMI requirement regardless of down payment.
  • No down payment required within standard conforming loan limit.
  • 5% down payment required when above standard conforming loan limit.

Apply for a Physician Mortgage Loan!

At FFB, we deliver financial solutions that are simple, fast, and easy to fit your busy life as a medical professional. If you’re a doctor or dentist looking to buy a home in Indiana, Illinois, Tennessee, or Kentucky, apply for a Medical Professionals Mortgage loan with First Financial. Have questions about the mortgage application process? Talk to one of our locally based mortgage lenders. You can also explore all our mortgage loan options here.

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Compare mortgage loans to help find the right one for you.

Conventional Adjustable Rate (ARM) FHA USDA Rural Housing VA Jumbo Portfolio Medical Professionals
May require Private Mortgage Insurance (PMI) May require PMI Mortgage Insurance Premium required PMI required No PMI required May require PMI May require PMI No PMI required
Primary or secondary home or investment property  Primary residence only Primary residence only  Primary residence only  Primary residence only  Primary or secondary home Can be primary or secondary home Primary residence only 
Variable interest rate Variable interest rate Variable interest rate Fixed interest rate Variable interest rate Variable interest rate Variable and fixed rate options Variable and fixed rate options
620 minimum credit 620 minimum credit 580 minimum credit 640 minimum credit 620 minimum credit Higher credit score requirements Credit score requirement varies
3% minimum down payment; 20% to avoid PMI 5% minimum down payment 3.5% minimum down payment No down payment required No down payment required. Fees may apply. Down payments as low as 5% Down payment may be required No down payment required; 5% down payment above standard conforming loan limit
Allows higher lending limits than FHA Suitable for buyers who want a shorter loan term Loan amount restrictions Income restrictions. Loan amount restrictions. Must be in rural area. Must be a veteran For loan amounts greater than the standard conforming limit up to $1 Million No income restrictions. Unique properties such as larger parcels, barndominums crosscollateral or manufactured homes. Offer available to medical professionals only
(M.D., D.D.O., D.D.S., D.M.D. with employment contract)

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Mortgage loans subject to credit approval. Other restrictions may apply. Mortgage loan programs, rates, terms and conditions are subject to change without notice.

  1. Offer available for any full-time, private or public school, pre-k, elementary, secondary or post-secondary educator. First responders include all law enforcement officers, firefighters and emergency medical technicians (EMTs). Service members include all active, reserve and veteran members of the United States Armed Forces and Coast Guard. Offer applies to applications for primary residence; owner-occupied purchases only. Loan subject to verification and documentation of borrower’s assets and income, a first mortgage lien and satisfactory appraisal. Property insurance required. Flood insurance may be required.
  2. Other conditions may apply. See your lender for details.