Dentist Mortgages in Texas


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Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

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usually responds within 30 minutes

Alerus Financial

(AL, AZ, CA, CO, CT, DC, FL, IA, ID, IN, KS, KY, MA, MD, MI, MN, MO, MT, NC, ND, NE, NM, NV, OH, OR, PA, SC, SD, TN, TX, UT, WA, WI, WY)

$100M Closed Loans

Alerus Financial is a bank established in 1879 that offers comprehensive financial solutions including banking, mortgage, retirement, and wealth management services.

High-income professionals can utilize Alerus Financial's comprehensive suite of services including wealth management, retirement planning, and personal banking. Their personalized financial strategies include investment management, estate planning, and risk management. Alerus also offers business banking and mortgage services. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $750,000
5%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DVM
  • OD
  • Fellow
  • Resident
  • DPM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

BOK Financial

(AR, AZ, CO, KS, MO, NM, OK, TX)

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Online

usually responds within 30 minutes

BOK Financial

(AR, AZ, CO, KS, MO, NM, OK, TX)

$100M Closed Loans

Bok Financial, established in 1910, is a top-tier U.S. financial services company providing commercial and consumer banking, investment and trust services across eight states.

High-income professionals can take advantage of Bok Financial's wealth management services, which include financial planning, investment management, and private banking. They also offer tax strategies, estate planning, and insurance solutions to secure and grow wealth. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,500,000
Down payment Financing
0%up to $850,000
5%up to $1.25 million
10%up to $1.5 million
20%up to $2.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Bank Of America

(All 50 States)

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Online

usually responds within 30 minutes

Bank Of America

(All 50 States)

$100M Closed Loans

Bank of America, founded in 1904, is a leading global financial institution offering a broad range of banking, investing, asset management, and other financial and risk management products and services.

High-income professionals can take advantage of various services from Bank of America, including personalized wealth management, advanced investment strategies, and dedicated advisors for financial planning. They also offer specialized banking services, flexible mortgage options, and exclusive rewards and benefits. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $2,000,000
Down payment Financing
3%up to $825,000
5%up to $1 million
10%up to $1.5 million
15%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

BankMD

(All 50 States)

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Online

usually responds within 30 minutes

BankMD

(All 50 States)

$100M Closed Loans

BankMD, founded in 2005 and operating via bankmd.com, specializes in providing financial services to medical professionals with a focus on personal loans and wealth management.

High-income professionals can access a suite of services from BankMD, including specialized banking, lending, and investment solutions. The bank's offerings are tailored to meet the unique financial needs of medical professionals, helping them manage and grow their wealth effectively. [ Read Review → ]

  • Minimum credit score: 670
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $850,000
5%up to $1 million
10%up to $2 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • DPM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Broadway National Bank

(TX)

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Online

usually responds within 30 minutes

Broadway National Bank

(TX)

$100M Closed Loans

Broadway National Bank, established in 1941, is a reputable financial institution offering comprehensive banking services, including loans, deposits, and wealth management to individuals and businesses.

High-income professionals can benefit from Broadway National Bank's range of services. These include personalized wealth management, business banking solutions, and high-yield checking accounts. The bank also offers estate planning, investment services, and personalized financial advice for complex financial situations. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,500,000
Down payment Financing
5%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • DDS/DMD
  • DVM
  • CRNA
  • PA
  • JD
  • CPA
  • MD/DO
  • Fellow
  • Resident
  • DPM
  • OD
  • PharmD
  • NP
  • DC
  • PhD
  • RN

Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

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usually responds within 30 minutes

Citizens Bank

(CA, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA, VT, WV)

$100M Closed Loans

Citizens Bank, founded in 1828, is a major U.S. commercial bank offering a comprehensive range of retail and commercial banking products and services.

High-income professionals can take advantage of various services from Citizens Bank, including wealth management and investment opportunities. They also offer private banking, retirement planning, and estate services. High-net-worth individuals can benefit from personalized financial strategies, designed to optimize their wealth and secure their financial futures. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $1,500,000
Down payment Financing
5%up to $850,000
10%up to $1 million
15%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

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Online

usually responds within 30 minutes

First Citizens

(AZ, CA, CO, FL, GA, KS, MD, MO, NC, NE, NM, NV, OK, OR, SC, TN, TX, VA, WA, WI, WV)

$100M Closed Loans

First Citizens, founded in 1898, is a full-service commercial bank with over 500 branches, offering a wide range of retail and corporate financial services.

High-income professionals can benefit from First Citizens' services, including wealth management, private banking, and insurance. Their offerings also comprise personalized financial planning, customized credit solutions, and estate planning. They provide tailored strategies to optimize financial growth and security. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $1.5 million
20%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • OD
  • CRNA
  • NP
  • PA
  • DC
  • DVM
  • PharmD
  • JD
  • CPA
  • PhD
  • RN

First National Bank

(TX)

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Online

usually responds within 30 minutes

First National Bank

(TX)

$100M Closed Loans

First National Bank, established in 1901 in Texas, offers a comprehensive range of banking services including personal, business, and agricultural finance.

High-income professionals at First National Bank are offered services such as wealth management, estate planning, and financial planning. They also benefit from private banking privileges, including tailored loans, premium interest rates, and personalized financial advice. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,250,000
Down payment Financing
5%up to $1.25 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • JD
  • DC
  • CPA
  • PhD
  • RN
  • DPM
  • PA

First United Bank And Trust Company

(OK, TX)

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Online

usually responds within 30 minutes

First United Bank And Trust Company

(OK, TX)

$100M Closed Loans

First United Bank and Trust Company, founded in 1900, is a full-service financial institution offering a wide range of personal, business, and wealth management solutions.

High-income professionals can benefit from First United Bank and Trust Company's wealth management services, including comprehensive financial planning, investment management, and trust services. They also offer personal banking solutions such as mortgage loans, and private and commercial banking. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: Varies
Down payment Financing
%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Flagstar

(All 50 States Except NY)

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Online

usually responds within 30 minutes

Flagstar

(All 50 States Except NY)

$100M Closed Loans

Flagstar, founded in 1987, is a leading national bank headquartered in Michigan, offering a broad range of banking, mortgage, and lending operations.

High-income professionals can utilize Flagstar's wealth management services for their financial planning needs. These services include personalized investment strategies, retirement planning, estate planning, and trust services. Additionally, Flagstar offers private banking solutions such as tailored loans and exclusive credit options. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • CPA
  • RN
  • DC
  • PhD

GreenState Credit Union

(All 50 States Except CA)

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Online

usually responds within 30 minutes

GreenState Credit Union

(All 50 States Except CA)

$100M Closed Loans

GreenState Credit Union, founded in 1938, is a member-owned financial cooperative providing diverse banking services to more than 350,000 members across the United States.

High-income professionals can take advantage of a variety of services from GreenState Credit Union. These include exclusive checking and savings accounts with competitive interest rates, extensive loan options, wealth management and investment services, retirement planning, and insurance services, all designed to optimize their financial growth and security. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • NP
  • PA
  • CRNA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Happy Bank

(AL, AR, FL, TX)

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Online

usually responds within 30 minutes

Happy Bank

(AL, AR, FL, TX)

$100M Closed Loans

Happy Bank, founded in 2001, is an online financial institution offering a range of services including checking accounts, savings accounts, loans, and credit cards, with a commitment to providing outstanding customer service and innovative, user-friendly digital platforms.

High-income professionals can take advantage of Happy Bank's comprehensive financial services. These include personalized wealth management, high-yield savings accounts, exclusive credit opportunities, and tax optimization strategies. The bank also offers bespoke financial consultation to help clients maximize their wealth and achieve financial goals. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,000,000
Down payment Financing
0%up to $750,000
5%up to $1.25 million
10%up to $1.5 million
15%up to $3 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • DPM
  • OD
  • CPA
  • Fellow
  • Resident
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • PhD
  • RN

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Keybank

(AK, AZ, CA, CO, CT, DC, FL, GA, HI, ID, IL, IN, KY, MA, MD, ME, MI, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI, WY)

$100M Closed Loans

Keybank, established in 1825, is a regional bank headquartered in Cleveland, Ohio, offering a variety of financial services including retail and commercial banking, investment management, and consumer lending.

High-income professionals at Keybank are provided with comprehensive financial services. These include wealth management, specialized lending, and tailored banking solutions. They also have access to financial planning tools, investment strategy assistance, and estate planning. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $3,500,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
15%up to $2 million
20%up to $3.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Laurel Road

(All 50 States)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Laurel Road

(All 50 States)

$100M Closed Loans

Laurel Road, established in 2013, is a fintech company known for its online lending platform, providing student loan refinancing, mortgages, and personal loans.

High-income professionals can leverage Laurel Road's services for personalized financial solutions. The platform offers student loan refinancing, personal loans, mortgages, and high-yield savings accounts. It also provides digital banking services with attractive interest rates, emphasizing transparency and customer support. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: Varies
Down payment Financing
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Liberty Federal Credit Union

(AL, AZ, CA, FL, GA, IN, KY, MS, NC, OH, PA, TN, TX)

$100M Closed Loans

Liberty Federal Credit Union, established in 1955, is a member-owned financial cooperative providing a range of services including loans, savings, and investments to its members.

High-income professionals can utilize Liberty Federal Credit Union's services for personalized financial management. These include premium savings and checking accounts, low-interest loans, comprehensive investment and retirement planning, tax advisory, and exclusive credit card offers. Their services also extend to providing financial literacy resources and dedicated customer support. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $970,800
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • PharmD
  • DVM
  • OD
  • CRNA
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Northpointe

(All 50 States Except CA, NY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Northpointe

(All 50 States Except CA, NY)

$100M Closed Loans

Northpointe, founded in 1999, is a Michigan-based online banking institution providing comprehensive financial services, including checking, savings, and loans.

High-income professionals can leverage Northpointe's comprehensive financial services, which include high-yield checking and savings accounts, competitive mortgage loans, and tailored lending options. The firm also offers personalized wealth management and investment strategies to optimize asset growth. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $850,000
10%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • PharmD
  • DC
  • CRNA
  • NP
  • PA
  • JD
  • CPA
  • PhD
  • RN

Prosperity Bank

(OK, TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Prosperity Bank

(OK, TX)

$100M Closed Loans

Prosperity Bank, founded in 1983, is a Texas-based financial institution providing a range of services including retail banking, loans, and investment solutions.

High-income professionals at Prosperity Bank benefit from a range of services including asset management, business loans, mortgage services, financial planning, and wealth management. The bank's expertise extends to estate planning, investment services, and private banking, ensuring comprehensive financial solutions. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $1 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Simmons Bank

(AR, IL, KS, MO, OK, TN, TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Simmons Bank

(AR, IL, KS, MO, OK, TN, TX)

$100M Closed Loans

Simmons Bank, founded in 1903 in Arkansas, is a full-service financial institution offering a range of banking products and services in multiple states across the US.

High-income professionals can benefit from Simmons Bank's range of services, including wealth management, private banking, investment services, and financial planning. The bank offers personalized solutions tailored to meet their unique financial needs and goals. [ Read Review → ]

  • Minimum credit score: 640
  • Maximum loan: $417,000
Down payment Financing
0%up to $417,000
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • DPM
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

The Federal Savings Bank

(CO, CT, DC, GA, IA, IL, IN, KY, MA, MD, MI, MN, MS, MT, NC, ND, NJ, NY, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

The Federal Savings Bank

(CO, CT, DC, GA, IA, IL, IN, KY, MA, MD, MI, MN, MS, MT, NC, ND, NJ, NY, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI, WY)

$100M Closed Loans

The Federal Savings Bank, founded in 2000, is a veteran-owned, federally chartered bank offering mortgage services and banking products nationwide.

High-income professionals can leverage The Federal Savings Bank's services for tailored banking solutions. These include wealth management, personalized mortgage options, and private banking. The bank also provides advisory services for investment strategies, optimizing financial assets, and long-term financial planning. [ Read Review → ]

  • Minimum credit score: 680
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.25 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Truist

(All 50 States Except AK, AR, HI, OR)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

Truist

(All 50 States Except AK, AR, HI, OR)

$100M Closed Loans

Truist, formed by the merger of BB&T and SunTrust in 2019, is a leading banking institution offering a comprehensive range of financial services across the United States.

High-income professionals benefit from Truist's comprehensive wealth management services. These services include personalized financial planning, investment management, estate planning, and risk management. Truist also offers tailored lending solutions and private banking options to meet unique financial needs. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $2 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

UMB Mortgage Solutions

(AZ, CO, KS, MO, NE, OK, TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

UMB Mortgage Solutions

(AZ, CO, KS, MO, NE, OK, TX)

$100M Closed Loans

UMB Mortgage Solutions, founded in 1913, offers comprehensive mortgage services including origination, processing, underwriting, and servicing, with a robust online platform.

High-income professionals can utilize UMB Mortgage Solutions for tailored mortgage plans. They offer specialized mortgage products, including jumbo loans. Their service provides personalized support, dedicated advisors, in-depth consultations, and a fast, streamlined application process. Their focus is on providing optimal solutions for high-value real estate purchases. [ Read Review → ]

  • Minimum credit score: 700
  • Maximum loan: $5,000,000
Down payment Financing
0%up to $1 million
5%up to $1.5 million
10%up to $5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • OD
  • PharmD
  • JD
  • Fellow
  • Resident
  • DPM
  • DVM
  • CRNA
  • NP
  • PA
  • DC
  • CPA
  • PhD
  • RN

University Federal Credit Union

(TX)

Match Banks Contact Send Email

Online

usually responds within 30 minutes

University Federal Credit Union

(TX)

$100M Closed Loans

University Federal Credit Union, founded in 1936, is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to its members.

High-income professionals can leverage University Federal Credit Union's services for a variety of financial needs. These include premium checking accounts, high-yield savings options, personal and home loans, wealth management, and financial planning. Credit cards with competitive rewards are also on offer. The institution provides online banking for easy access [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $850,000
5%up to $1.5 million
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • CRNA
  • PharmD
  • NP
  • PA
  • DPM
  • OD
  • JD
  • DC
  • CPA
  • PhD
  • RN

Key Terms

  • Texas offers specialized dentist mortgages that cater to the unique financial needs and circumstances of dental professionals, providing benefits like lower or no private mortgage insurance (PMI) payments, lower down payments, and flexible approval criteria.
  • These financial products are designed specifically for dentists, considering factors like variable income and higher levels of student debt, which are common in the medical field.
  • Potential borrowers should carefully evaluate all aspects, including the possibility of higher costs or limited availability of these specialized programs compared to traditional loans.

Texas’s expansive terrain, ranging from the arid deserts of El Paso to the verdant forests of Piney Woods and the captivating shores of Galveston, beckons adventurers and nature lovers alike. Amidst this diverse landscape, vibrant communities thrive, offering a blend of cultural richness and Texan hospitality that welcomes individuals from all backgrounds.

The Lone Star State stands tall as a hub for various industries, including healthcare, drawing in professionals from across the nation. With a significant presence in Texas, dentists play a vital role in the state’s healthcare landscape. According to the Bureau of Labor Statistics, Texas is home to 10,910 dentists who contribute to the state’s robust healthcare infrastructure.

Despite its allure, homeownership in Texas presents challenges, particularly in the face of rising housing costs. According to data from the FED, the median listing price for a single-family home stands at approximately $375,000, posing affordability constraints for many dentists. In light of these hurdles, dentist mortgages emerge as a beacon of hope, tailored specifically to address the needs of dental professionals and facilitate their path to homeownership. Let’s explore the nuances of these specialized financial products.

What are the main advantages of a Texas dentist mortgage?

When faced with the monumental decision of purchasing a home, it’s imperative to meticulously evaluate the advantages associated with different financial products. Consider the following perks of selecting a dentist mortgage:

  • Enhanced Eligibility Criteria: Unlike traditional loans that often impose strict employment conditions or income thresholds, dentist mortgages offer more lenient eligibility criteria. This flexibility is particularly beneficial for dentists with unconventional work arrangements, such as those juggling multiple jobs or serving as traveling dentists.
  • Exemption from Private Mortgage Insurance (PMI): One notable advantage of dentist mortgages is the absence of private mortgage insurance (PMI), a cost typically associated with conventional loans requiring less than a 20% down payment. By eliminating PMI, dentist mortgages lead to reduced monthly payments, lightening the financial burden for homeowners.
  • Streamlined Documentation Process: Dentist mortgages simplify the documentation requirements, facilitating the application process, especially for scenarios involving irregular income sources like overtime pay or earnings from various job roles.
  • Tailored Features for Dentists: Dentist mortgages often include specialized features designed to cater to the distinctive needs of dental professionals. These offerings may loan forgiveness programs for dentists serving in underserved communities. Such initiatives provide additional financial incentives and support to dentists.

Is a Texas dentist mortgage right for you?

Still on the fence about whether a dentist mortgage in Texas is the right move for you? Perhaps it’s time to delve into the nitty-gritty of your financial landscape, homeownership aspirations, and the intricate details of available dentist mortgage programs in the Lone Star State.

First and foremost, let’s talk finances. Take a comprehensive look at your income streams, savings nest egg, outstanding debts, and credit score. Gauge your readiness to dive into homeownership by scrutinizing your monthly budget, emergency funds, and the feasibility of handling down payments and closing costs.

Next up, let’s chat about your homeowner dreams. Pinpoint your objectives and aspirations for owning a piece of Texas turf. What kind of dwelling are you eyeing? Whereabouts in Texas do you envision laying down your roots? And how long do you plan on calling it home sweet home? Ensuring that a dentist mortgage harmonizes with these homeownership blueprints is key.

Last but not least, don’t underestimate the power of a good heart-to-heart with trusted confidants. Seek out the wisdom of friends and colleagues, particularly those seasoned in the realms of homeownership or dentist mortgage programs. Their pearls of wisdom might just unveil fresh perspectives and illuminate the path forward amidst the myriad of options at your disposal.

For plenty of medical professionals trying to become borrowers, it can be hard to get approved for your ideal loan amount with a conventional mortgage. For a DDS, DMD, DPM, or DVM, an alternative loan program similar to a physician mortgage loan may help you. You can use your employment contract and start date at a new job to get approved for these loans, even if you’re someone who was unable to get approved for a conventional mortgage.

Medical residents, medical doctors, pharmacists, veterinarians, CRNAs, and other medical professionals use their own version of doctor mortgage loans to get approved if you have an offer letter.

Look at various factors for all loans options at each mortgage lender such as:

  • Debt to income ratio/DTI and calculations of student loan debt
  • Interest rates, such as fixed rate vs adjustable rate mortgage
  • No private mortgage insurance/PMI
  • Down payment options
  • Refinancing
  • If you can use the loan for second home or primary residences only
  • Other underwriting rules

Dentists can use their own version of Texas physician mortgage programs, also known as physician loan programs.

Once you have a good handle on your mortgage payments and other underwriting expectations, you may want to start your loan application so you can focus on buying your new home in Texas. Whether you’re moving to Houston, Dallas, or somewhere else where you look at homes on the NMLS, dentist mortgages can help you get ready to make an offer. You may be able to look into these loans last places like National Bank, Keybank, Truist, US Bank, or other member FDIC location. A loan officer can help you with a review of home financing mortgage products. A thorough review of your mortgage options will help you decide the right fit for your repayment plan.

Examples of dentists who take out dentist mortgages in Texas

Does the story sound like something you can relate to? A dentist mortgage may be your ideal fit:

Meet Dr. Sarah Thompson, a recent dental school graduate with big dreams of homeownership in Austin, Texas. Despite her impressive academic achievements and promising career prospects, Sarah faces the daunting task of navigating the complexities of securing a mortgage in Austin’s bustling real estate landscape. Traditional lenders are hesitant to extend favorable terms to young professionals like her, citing stringent eligibility requirements and the need for substantial down payments.

Determined to turn her homeownership dreams into reality, she explores alternative financing options and learns about the benefits of a dentist mortgage. Designed specifically for dental professionals like her, dentist mortgages offer tailored solutions to overcome the obstacles faced by young dentists in competitive housing markets like Austin.

With the guidance of a knowledgeable lender specializing in dentist mortgage programs, Sarah embarks on her journey to homeownership with renewed optimism. Armed with a dentist mortgage’s flexible eligibility criteria, reduced down payment requirements, and potential financial incentives, she navigates Austin’s real estate market with confidence, inching closer to finding her dream home in the vibrant heart of the Lone Star State.

Looking for a dentist mortgage in a different state?

If you’re looking to explore the best dentist mortgage in other states, click on your state below.

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Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.

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