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Meet Ken Schmidt

Physician Mortgage Specialist – Huntington Bank
NMLS #697466
Based in Chicago, IL
Serving States:
  • AL
  • AR
  • CO
  • GA
  • IL
  • IN
  • KY
  • LA
  • MI
  • MN
  • MS
  • MO
  • NC
  • OH
  • PA
  • SC
  • TN
  • TX
  • WV
  • WI
Direct: (630)‑479‑8545
Email: ken.j.schmidt@huntington.com
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Physician Mortgage Snapshot

  • 100% financing up to $1,000,000
  • 95% financing up to $1,750,000
  • 90% financing up to $2,500,000
  • Conforming and Non‑Conforming loan options
  • Loan types: 7/6 ARM, 10/6 ARM, 15‑year fixed, 30‑year fixed

Eligible Professions

  • MD, DO, DDS, DMD, DVM, DPM
  • Medical Doctors, including Dentists, Podiatrists, Ophthalmologists and Veterinarians
  • Residents & Fellows
  • U.S. Citizens
  • Permanent Resident Aliens
  • Non‑Permanent Resident Aliens with acceptable work visa

Program Strengths

  • No 10‑year limit after completion of training
  • Closings beyond typical 90 days allowed with required reserves
  • 1099 income allowed with employment contract showing minimum guaranteed hours and hourly rate or shift rate
  • Minimum 700 FICO with 0% down
  • Minimum 680 FICO with 5% down
  • Non‑Occupant Co‑Borrowers permitted: Income must be ≤ 50% of total qualifying income
  • No PMI required
  • Up to 50% Debt to income
  • Gift funds acceptable for down payment, closing costs, and reserves
  • Student loan flexibility: IBR or student loan payment calculator
  • Purchase, Refinance & Cash‑Out Refinance options
  • Self‑employed borrower solutions
  • Relationship rate discounts available

Eligible Property Types

  • Single‑family homes
  • PUDs
  • Townhomes
  • Condos (attached or detached)
  • Non‑warrantable condos up to 89.99% LTV

Prefer Ken to Contact You?

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DoctorLoanPrograms.com is a national physician mortgage directory helping doctors compare approved physician loan officers across the United States.

Alliant Credit Union Physician Mortgage Loan Officer

Sandi Frith with Alliant Credit Union offers a physician mortgage program designed specifically for medical professionals. It is available to doctors, residents, and fellows purchasing a primary residence across AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, and WY. The program features low or no down payment options, flexible student loan treatment, and no private mortgage insurance (PMI).

FAQs

What credit score is required for a physician mortgage with Alliant Credit Union?
Alliant Credit Union generally looks for a strong credit profile, often with minimum scores around 700, though final approval depends on the full financial picture. Higher credit scores may qualify for better loan terms.
Does Alliant Credit Union count student loans in debt-to-income calculations?
Yes, student loans are included in debt-to-income (DTI) calculations. However, the physician mortgage program may offer more flexible treatment of student loan debt compared to conventional mortgage guidelines.
Can residents qualify for a physician loan before starting their job?
Yes. Residents and fellows can typically qualify with a signed employment contract, allowing them to close on a home prior to their official start date.
What is the maximum loan amount available through this physician program?
Loan limits vary based on borrower qualifications, but Alliant Credit Union offers competitive financing tiers with low or no down payment options up to significant loan amounts.
Is private mortgage insurance (PMI) required?
No. Alliant’s physician mortgage program does not require private mortgage insurance (PMI), even when the down payment is less than 20%.
How much down payment is required for doctors?
Many physician borrowers may qualify for low or no down payment options depending on the loan amount and underwriting approval. Larger loan amounts may require a modest down payment.
Are signing bonuses counted as income?
Signing bonuses and guaranteed future income may be considered as qualifying income if properly documented in the employment contract and approved by underwriting.
Which states does Alliant Credit Union offer physician loans in?
Alliant Credit Union’s physician mortgage program is available in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, and WY.
How does this program compare to other physician mortgage lenders?
Alliant Credit Union offers competitive low-down payment options, no PMI, flexible student loan treatment, and nationwide availability across most states, making it a strong alternative to many traditional physician mortgage lenders.
Can I use this loan for a condo or multi-unit property?
Yes, physician mortgages through Alliant Credit Union can typically be used for primary residences, including eligible condos. Multi-unit properties must meet occupancy and program guidelines.

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About this Site

Part of the Physician Focused™ Network

Doctor Loan Programs™ is a division of Physician Focused™, a nationwide advisory platform serving physicians and healthcare institutions.

Across the Physician Focused™ network, the focus remains consistent:

  • Education first
  • No pressure
  • Long-term decision support

Loan officer participation supports that mission by contributing to a trusted, hospital-safe resource.

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Loan officers interested in participating in Doctor Loan Programs™ may request additional information regarding listing availability and participation standards.

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• A division of Physician Focused™ • Education first • No sales pressure
The Doctor Mortgage Loan Program is designed to help qualified Physicians and Dentists acquire a residential mortgage loan from participating lenders.
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