Physician Loans

F Purchase p Refinance Apply Today
  • 100% financing up to $500,000 sales price
  • 90% financing up to $1,000,000 sales price
  • No Private Mortgage Insurance (PMI)
  • 15 and 30 year fixed rate options
  • 5/1, 7/1, and 10/1 ARM options
  • Refinances also eligible
  • $500 Visa® gift card at closing*

This program is available to residents, fellows, new, and established physicians alike. Our mortgage loan originators will meet you when and where works best for you. Apply online or call us today at (812) 469-9928 or 1-800-800-9271 to get started.

*$500 Visa® gift card offer valid on purchases or construction of primary residences only.

Take advantage of these great Physician Loan rates today! Apply Today

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What information will ETFCU need to process my application?
  • Prior two years addresses and dates of residence.
  • Social Security number or tax ID.
  • Driver’s license or state issued identification card.
  • Prior two years employment information including employer contact and dates of employment.
  • Most recent W2 and pay stub for all income sources.
  • Two years federal tax returns, including tax applicable schedules if you are self-employed, have rental income, farm income or additional non-W2 reported income.
  • Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.
  • Additional information may be required such as Divorce decree (if applicable) and/or proof of extra income such as rental income, dividends, Social Security, retirement, disability, pension, or welfare (supporting documentation is required).
  • Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.
  • Most recent mortgage statement (if applicable).
  • Most recent property tax bill.
  • Most recent hazard insurance declaration page.
  • Most recent flood insurance declaration page (if applicable).

Rates listed are specific to the Physician Loan mortgage program. Standard mortgage rates may vary. Loans are subject to credit review and approval. Closing costs may apply. A sample principal and interest payment on a (7)-year $500,000 adjustable-rate loan amount with a 3.500% interest rate (3.575% APR) is $6,719.93. Taxes and insurance are not included; therefore, the actual payment obligation will be greater. Actual interest rate may vary based on credit history. Visit etfcu.org/mortgagecalculator to calculate payments with other terms, balances, or rates. An ARM is an adjustable-rate mortgage that has an initial interest rate for the first three, five, seven or ten years and an adjustment interval of one year thereafter. The 7/1 product listed above is a 30-year loan where the initial interest rate is fixed for the first seven years (84 payments). After the initial seven year period, it is possible that the interest rate, APR and payment may increase substantially over the remaining term of the loan. After the initial seven year period, your interest rate can increase or decrease annually based on the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the London market (LIBOR), plus our margin, which varies among ETFCU adjustable-rate mortgage products. Any change may significantly impact your monthly payment. The rate on 80% adjustable-rate home equity line of credit is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 95% adjustable-rate home equity line of credit has the same benefits and uses the same index with a rate of 1.5% above the prime rate. There is a maximum cap of 18% APR. Offer available for new primary mortgage loans and mortgage loans already established at ETFCU when refinanced with at least $10,000 new money. This offer is available on conventional conforming financing of purchases for primary residences only. $500 Visa gift card offer valid on purchases or construction of primary residences only.