Physician Mortgage in Indianapolis, IN — 0% Down, No PMI, Student Debt Excluded
Physician mortgages give doctors, dentists, and healthcare providers in Indianapolis access to 0% down home loans with no PMI and student debt excluded from DTI.
Zack Cervantes · NMLS #502342 · New American Funding
Physician Mortgage in Indianapolis
A physician mortgage is a specialized home loan program that lets doctors, dentists, and healthcare providers buy a home with 0% down, no PMI, and student debt excluded from DTI. Indianapolis is one of the strongest healthcare markets in Indiana, anchored by IU Health Methodist and 2 other major hospital systems — and physician mortgage programs are designed for professionals working here.
Zack Cervantes has helped physicians at IU Health Methodist and Riley Hospital for Children close on homes in neighborhoods like Broad Ripple, Carmel, Fishers, and throughout the greater Indianapolismetro. Whether you're a resident just starting out or an attending looking to upgrade, a physician mortgage is built for your situation.
From the Circle City corridor to Meridian-Kessler, Indianapolis offers strong property values and a medical community that keeps growing. This isn't a generic lender page — Zack knows the Indianapolis market and works directly with you from pre-approval to closing.
Doctor Loan and Physician Home Loan in Indianapolis, IN
Physician mortgage loans in Indianapolis give medical professionals a path to 0% down financing with no PMI — regardless of how much student loan debt you carry. Interest rate varies based on credit score and loan amount, but the core terms are consistent: 100% financing up to $1M, no private mortgage insurance, and your signed employment contract serves as proof of future income.
Indianapolis is a strong physician market anchored by IU Health, Eskenazi Health, and Franciscan Health — the three largest health systems in Indiana. Zack closes physician home loan Indianapolis transactions for residents at IU Health Methodist, fellows at Riley Hospital for Children, and attendings across every major practice group in the metro.
The Indianapolis housing market remains one of the most affordable mid-size metros in the country — median home prices range from $260,000 in the core city to $450,000+ in Carmel and Fishers. For medical professionals, this means a primary residence purchase at 0% down is highly achievable even in desirable northside suburbs.
Physician loan programs treat student loan debt differently than conventional loans — either excluding it from the DTI calculation entirely, or using the lower IBR payment. For a resident at IU Health Methodist carrying $250,000 in student debt, that's the difference between qualifying for a $600,000 home purchase and being capped at $250,000 under a conventional mortgage loan officer's math.
Broad Ripple, Meridian-Kessler, and Carmel are the most popular physician neighborhoods in the metro. Physician mortgage loans are restricted to primary residence only — they cannot be used for rental or investment properties.
Hospital Systems in Indianapolis
IU Health Methodist
Physicians qualify for 0% down
Riley Hospital for Children
Physicians qualify for 0% down
Eskenazi Health
Physicians qualify for 0% down
Popular Neighborhoods
Program Highlights
Down Payment
0% — zero out of pocket
PMI
None — ever
Student Debt
Excluded from DTI
Eligible
MD, DO, DDS, DMD, DPM, OD, NP, PA
Who Qualifies for a Physician Mortgage?
Physician mortgage loans aren't just for MDs. If you work in healthcare, there's a good chance you qualify. Zack works with:
- ✓Medical Doctors (MD)
- ✓Doctors of Osteopathic Medicine (DO)
- ✓Dentists (DDS / DMD)
- ✓Oral Surgeons
- ✓Orthodontists
- ✓Podiatrists (DPM)
- ✓Optometrists (OD)
- ✓Ophthalmologists
- ✓Veterinarians (DVM)
- ✓Pharmacists (PharmD)
- ✓Nurse Practitioners (NP / APRN)
- ✓Certified Registered Nurse Anesthetists (CRNA)
- ✓Physician Assistants (PA-C)
- ✓Clinical Psychologists (PsyD / PhD)
- ✓Chiropractors (DC)
- ✓Registered Nurses (RN) with advanced degrees
- ✓Fellows and Residents
- ✓Physicians within 90 days of start date
Don't see your title? Call Zack — many other healthcare professionals qualify depending on the lender.
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