What Healthcare Professionals Should Know About Today’s Mortgage Market

If you’ve been watching the housing market and wondering whether now is the right time to buy, refinance, or simply make a plan, you’re not alone. After several years of volatility, mortgage rates have begun to stabilize, hovering around 6.2%, with the potential for further easing as we move deeper into 2026. Inventory levels are improving, new construction is at its strongest pace since 2006, and refinance opportunities are reappearing for borrowers who want to be strategic with timing.

What does this mean for you?

Rates are stabilizing: More predictable borrowing costs can make it easier to plan.
More homes to consider: Increased listings can give buyers more choices and more room to negotiate.
Refinance may be worth a look: A rate reduction of 0.75%–1.0% can often make refinancing worthwhile.
Fixed-rate options may make sense: If you currently have an adjustable-rate mortgage, moving into a permanent fixed-rate product may offer more long-term stability.
Lending options are expanding: Non-Qualified Mortgage (Non-QM) products are gaining traction and may offer flexibility for self-employed borrowers, investors, and those with non-traditional income documentation.

Featured Program: 1st Source Physician Loans

Your mortgage should support your goals, not add more stress to an already demanding career.

That’s why 1st Source Physician Loans are built to help medical professionals achieve homeownership sooner, preserve liquidity, and move forward with confidence.

This specialized portfolio program is available to:

Physicians
Registered Nurse Anesthetists (CRNA)
Ophthalmologists & Optometrists
Dentists

Key Program Highlights:

100% financing available
Jumbo loan options available
No private mortgage insurance (PMI)
No points and no origination fees
Float-down rate lock
No prepayment penalty

Whether you’re early in your career, relocating, or looking for your next home, this program is designed with real-life medical career paths in mind, including student loan debt, changing income, and long-term financial planning.

Why choose 1st Source Bank?

When you’re making a major financial decision, you want clear answers, personal service, and a lender that understands your situation.

At 1st Source Bank, we combine competitive mortgage options with local decision-making and personal support. You can expect:

A wide range of loan options: Conventional, FHA, Physician Loans, Portfolio Lending, and Construction Financing
Local Expertise in Indiana, Michigan, and surrounding communities
Flexible Terms tailored to your personal and financial goals
A Streamlined Process with clear communication and dedicated support from application to closing
A trusted banking relationship that continues after closing

100% Local Loan Servicing

We service all of our loans in-house, so you’ll continue working with 1st Source Bank long after closing. That means consistent service, local support, and a team that’s here when you need help.

The Bottom Line

Today’s mortgage market may offer more opportunity than many people realize. Whether you’re purchasing, refinancing, or planning ahead, 1st Source Bank is here to help you understand your options and move forward with confidence.