Mortgage for Professionals
As a professional, you have unique financing needs.
Professionals like you work hard to achieve success in your career. Old National offers a solution exclusively to eligible borrowers including physicians, dentists and professors. Our specialized Professional Mortgage helps you purchase your primary residence with up to 100% financing and no private mortgage insurance.
Choose from a variety of terms and options.
- Adjustable-rate with terms from 3 to 7 years
- Fixed-rate with terms from 10 to 30 years
- 100% loan-to-value ratio on loan amounts up to $750,000 1,2
- 90% loan-to-value on loan amounts greater than $750,000
Old National makes it easy to purchase your dream home.
Medical doctors (MDs) and Doctors of Osteopathic Medicine (DOs) who have completed their residency or fellowship program, and are joining or are currently employed by a hospital or medical practice, or purchasing a medical practice.
Optometrists who have completed their residency or fellowship program, and are joining or are currently employed by or purchasing a medical practice.
Dentists who have completed dental school or a fellowship program and are joining, currently employed by or are purchasing an established dental practice.
Professors who have completed their required schooling, and are joining or currently employed by a college or university in a tenure-track or tenured position. This includes associate, assistant
Individuals beginning or in the process of completing their medical residency. The maximum loan amount for medical residents is $500,000.
What are your next steps?
Let us help with your mortgage needs so you have more time to take care of the people who rely on you.
Subject to credit approval. Property insurance required. Escrow for property taxes and insurance is required. Rates, terms and conditions effective as of Oct 13, 2020, and are subject to change. Available on first mortgage purchase transactions on owner-occupied residences only. Borrower must commit to moving his/her banking relationship to Old National and be open to being introduced to a Private Banker. Other restrictions may apply. See bank for details.
- Based on a $250,000 loan at 100% LTV, on a 360-month term, with a principal/interest payment of $1,070.94 and an interest rate of 3.125%, the $928.70 prepaid fee results in an APR of 3.154%.
- 100% loan-to-value ratio on loan amounts up to $750,000 for medical residents.