Doctor Loan Program

Doctor Loan Program

Is There A Doctor In The House? 100% Financing Available!

The Doctor Loan Program is a personalized loan program designed for licensed medical physicians (MDs), doctors of osteopathy (DOs), doctors of dental medicine (D.M.D./D.D.S.), veterinarians, and medical residents. Specifically, the program uses future earnings potential and low down payments to make home ownership more accessible and affordable.  Student loan debt is not factored into your monthly payments. The result is affordable home ownership right now.

To get started, you only need to meet the following eligibility requirements

  • You are a medical resident or licensed physician
  • You establish a Salin Bank account
  • You intend to purchase or refinance a property in Indiana 

100% Financing Available!

Contact one of our mortgage team members.
Apply for a mortgage now.

The Doctor Loan Program provides several unique benefits

Flexible rates & terms
Adjustable-rate loans are available, with no private mortgage insurance required.
Convenience to fit your busy schedule
A Salin Bank Mortgage Loan Originator will meet you when and where it’s convenient.
Expert one-on-one service
Salin Bank's loan officers have a thorough understanding of the Healthcare and Residency process. Just as important, they'll make sure you receive the personal support one expects from a family owned Indiana bank.
Additional Program Features
  • 5/1, 7/1 and 10/1 adjustable rates available
  • No mortgage insurance
  • Amortized over 30 years
  • Indiana properties only
  • No prepayment penalty
  • Cash-out options
  • Second-home financing

Medical Residents & New Physicians

  Loan Amounts Minimum Credit Score Loan to Value
Purchase 0-$417,000 680 95%
  0-$650,000 700 100%
Refinance 0-$417,000 680 95%
  0-$650,000 700 100%

Established Physicians

  Loan Amounts Minimum Credit Score Loan to Value
Purchase & Refinance 0-$417,000 680 95%
  0-$650,000 700 100%
  $650,001-1,200,000 720 90%
  $1,200,001-1,750,000 720 85%

Terms and conditions apply. Doctor Loan Program is restricted to primary owner occupied residences only. The information contained is subject to change without notice. Loans are subject to credit review and approval.
* A licensed doctor who has been employed as a non-intern/Resident/Fellow for at least 24 months by a hospital or physician group.