Town boss Sam Ricketts is delighted to have added highly-rated McCormick to his Town ranks.
"He recommended him, really likes him as a player and likes his attitude.
"Midfield is an area we are a little light in due to a number of injuries.
"This will be Luke's first loan but he has been keen and eager to come here and try to impress.
"He wants to play football and he is a signing we look forward to seeing in training and then in the next couple of games.
"He is someone who has a few different attributes to the options we already have in midfield.
"Luke is a really good addition and someone we are looking forward to working with."