Medical Students, Residents, & Fellows

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Why the Mills Team?

Since 1994, the Mills Team has been assisting physicians at all career levels. We have developed custom resources to assist physicians with their home-buying needs from medical school, practice, and on to retirement. We encourage you to explore the resources that we have compiled to specifically address the needs of physicians.

As special financing programs became available, and our physician clientele increased, we established a reputation as specialists in assisting medical residents and students who wish to own their own home. We speak your language. We understand your situation and special needs and have tailored our program just for you. We have the experience and education to save you thousands of dollars and to help you avoid costly and embarrassing mistakes. In short, we are the Medical Resident & Student Specialists!

FREQUENTLY ASKED QUESTIONS

Can you really buy a home in Indianapolis on a Resident's salary or with student loans for income?

Yes. Indianapolis has homes available that most medical residents and students can afford. We know how to assist you with financing to be able to buy a great home. We are fortunate that the Indianapolis area offers a variety of affordable homes. Many areas with medical schools or residency programs have no housing that you could afford to own during your residency.

Will renting or owning be best for me?

The time frame you plan to own the home and the economics are the most important questions (see next question). Other important questions to ask yourself:

Do I want to control where I live, have more space and fewer distractions from neighbors, and a garage to park my car in?
Do I wish to build credit for my future and equity for future home purchases? (Your mortgage credit history will greatly help you as you establish your life and practice.)
Could I use tax deductions? Many accountants recommend home ownership.

I don’t have any money, can I still get a loan?

Yes, but be cautious. There are a limited number of options to get a no-money-down mortgage. Many of these programs cost considerable money to approve you for the loan and lack local resources to assist you. We have sources of financing that do not charge special fees to loan you 100% for your home. Why do they do this? Doctors have long been reliable members of the community; so this, coupled with your long-term income prospects, make good business sense to help you now.

I owe six figures in student loans; mortgage companies tell me I don’t qualify for a home loan. Is this true?

For most lenders this is true, but for reasons stated above, we have sources that understand and will work with you in spite of your student loans.

Can you help me buy a new construction home from the builder?

Absolutely! We have helped many clients purchase or build new homes. Remember the builder is the seller and new home sales people work for the builder, not you. Most have no license or formal training to sell real estate, yet many of these sales people advise buyers as if they do. If you do not buy or build with their builder, they can’t help you. We can represent you with any builder. The price of the home is the same whether we represent you or not. We have years of experience in purchasing new homes, and we will assist you in making good selections that will increase your appreciation and resale value. Be sure to tell your builder UP FRONT that you want to work with The Mills Team. After a simple registration process, we can get to work on your behalf!

I want to see a home; should I just call the agent on the sign?

No, the listing agent (name on sign) represents the seller, not you, and by Indiana law cannot be a buyer’s agent. We are Medical Resident & Student Specialists and will work as your buyer’s agent, coordinating your purchase and providing professional guidance throughout.

Another Resident recommended their agent; what’s the difference?

Each year we meet one or two residents who bought a home with another real estate agent but are curious once they hear about our program. When it becomes clear they could have used The Mills Team program to save thousands of dollars in the purchase of their home, they are very disappointed. Other agents may claim they specialize in physicians, but we know of no other agents whose experience in serving physicians matches the Mills Team.

We can represent you as a buyer’s agent. We can show you any home. We can represent you in the purchase of a new home. All at no cost to you. The safest first step is to talk to The Mills Team. We are the Medical Resident & Student Specialists, and we believe that one meeting with us will show you why!

Learn About Physician Financing

There are special financing programs for physicians that can make your home-buying dreams possible. But they can be complex. Our physician financing page can help.

Learn More

Home Buyer Education

Whether you are a first-time home buyer or it’s just been a while since you’ve purchased, get the latest information on our Home Buyer Education page.

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