Physician Loans 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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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: $766,550
Down payment Financing
0%up to $766,550
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • 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

Extraco Banks

(TX)

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Online

usually responds within 30 minutes

Extraco Banks

(TX)

$100M Closed Loans

Extraco Banks, established in 1902, is a Texas-based financial institution providing a comprehensive range of banking, mortgage, insurance, and investment services.

High-income professionals at Extraco Banks can access a suite of comprehensive services including wealth management, private banking, and mortgage lending. These offerings are designed to optimize financial growth, provide personalized banking experiences, and facilitate property acquisition respectively. [ Read Review → ]

  • Minimum credit score: 660
  • Maximum loan: $1,500,000
Down payment Financing
0%up to $750,000
3%up to $1 million
10%up to $1.5 million
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • 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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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 Financial Bank

(TX)

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Online

usually responds within 30 minutes

First Financial Bank

(TX)

$100M Closed Loans

First Financial Bank, founded in 1890, is a comprehensive financial services institution providing commercial banking, consumer banking, wealth management, and mortgage services.

High-income professionals can utilize First Financial Bank's extensive services, including tailored wealth management, private banking, estate planning, and investment services. They also offer dedicated financial advisors to help clients make informed financial decisions. [ Read Review → ]

  • Minimum credit score: Not reported
  • Maximum loan: $1,000,000
Down payment Financing
0%up to $650,000
5%up to $1 million
10%Varies
Eligible degrees:
  • MD/DO
  • DDS/DMD
  • Fellow
  • Resident
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

First Horizon

(AL, AR, FL, GA, LA, MS, NC, SC, TN, TX, VA)

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Online

usually responds within 30 minutes

First Horizon

(AL, AR, FL, GA, LA, MS, NC, SC, TN, TX, VA)

$100M Closed Loans

First Horizon, founded in 1864, is a leading financial services company in the U.S, offering banking, wealth management, and capital market services.

High-income professionals can access a wide range of services from First Horizon. These include wealth management, retirement planning, and private banking services, all tailored to meet the unique financial needs and objectives of each client. Additionally, First Horizon provides investment advisory and estate planning services. [ Read Review → ]

  • Minimum credit score: 670
  • Maximum loan: $2,500,000
Down payment Financing
0%up to $1.5 million
5%up to $2 million
10%up to $2.5 million
Eligible degrees:
  • MD/DO
  • DPM
  • DDS/DMD
  • Fellow
  • Resident
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • 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)

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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)

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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

PNC Bank

(All 50 States Except )

Match Banks Contact Send Email

Online

usually responds within 30 minutes

PNC Bank

(All 50 States Except )

$100M Closed Loans

PNC Bank, established in 1845, is a comprehensive financial services corporation offering a wide range of services including retail banking, asset management, and corporate banking.

High-income professionals can benefit from PNC Bank's tailored wealth management and financial planning services. These include investment advising, estate planning, and private banking. PNC also offers specialty services such as asset management for executives and business succession planning. [ Read Review → ]

  • Minimum credit score: 720
  • Maximum loan: $2,000,000
Down payment Financing
5%up to $1 million
10%up to $1.5 million
15%up to $2 million
20%Varies
Eligible degrees:
  • MD/DO
  • Fellow
  • Resident
  • DDS/DMD
  • DPM
  • DVM
  • OD
  • CRNA
  • PharmD
  • NP
  • PA
  • JD
  • DC
  • CPA
  • PhD
  • RN

Prosperity Bank

(OK, TX)

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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)

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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

  • A Texas physician mortgage loan comes with high loan limits and options for up to 100% financing.
  • Student loan payments typically receive favorable treatment with a doctor loan, making it easier to qualify for a mortgage.
  • Physician mortgages don’t require private mortgage insurance (PMI) even with a 0% down payment.

There’s no doubt that at 268,596 square miles that Texas is a large state, the second largest, in both size and population. Texas has over 67,000 active physicians, including over 20,000 primary care physicians according to data from the Association of American Medical Colleges. The United States Census recorded over 4,000,000 new Texans over the past decade, putting pressure on the housing market as many professionals move to the state to take advantage of low taxes and warm weather.

The combination of an influx in population with increased housing demand from the COVID-19 pandemic has caused housing prices to skyrocket in many parts of the state. The median sale price of a home in the state during the first quarter of the year was $325,000, which is an 18.6% increase over the same period last year. This competitive market can be hard to buy into because of how rapidly prices are rising. 

If you’re a Texas medical doctor, dentist or other professional that hasn’t yet had a chance to save up a significant down payment, you may find it challenging to qualify for a conventional mortgage for your dream home and with a low down payment, you may be concerned about the interest rate.

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Pros/Cons of Texas physician mortgage loans

A physician mortgage loan, sometimes called a doctor mortgage, can often make owning a home a reality much sooner than a conventional mortgage.

Some of the advantages of physician mortgage loans:

  • Low or no down payment financing. Many physician loan lenders offer up to 100% financing. However, a small down payment (e.g. 3% to 10%) might be necessary depending on the size of the mortgage.
  • No private mortgage insurance (PMI). Private mortgage insurance cost hundreds of dollars a month but can be avoided entirely on physician mortgage loans, potentially saving you thousands of dollars each year.
  • Favorable treatment of student loan debt. Many medical doctors, dentists and other professionals have trouble meeting the debt-to-income ratio required by mortgage lenders thanks to expensive graduate education degrees and the corresponding high student loan debt. Physician loan underwriters are aware of the cost of these degrees and make special accommodations when calculating your debt-to-income ratio.
  • Higher mortgage limits are okay. You can expect to find physician mortgage loan programs that will let you borrow up to $2 million, which is significantly higher than loan limits for conventional mortgages.
  • Employment contracts are good enough. Another advantage of the doctor mortgages is that you won’t need to wait until you begin your job to qualify for a mortgage. Usually a contract is sufficient evidence of income to get you through the underwriting process.

Some of the disadvantages of physician mortgage loans:

  • Low or no down payment financing. Many physician loan lenders offer up to 100% financing. However, a small down payment (e.g. 3% to 10%) might be necessary depending on the size of the mortgage.
  • No private mortgage insurance (PMI). Private mortgage insurance cost hundreds of dollars a month but can be avoided entirely on physician mortgage loans, potentially saving you thousands of dollars each year.
  • Favorable treatment of student loan debt. Many medical doctors, dentists and other professionals have trouble meeting the debt-to-income ratio required by lenders thanks to expensive graduate education degrees and the corresponding high student loan debt. Physician loan underwriters are aware of the cost of these degrees and make special accommodations when calculating your debt-to-income ratio.

The main potential negative of a doctor mortgage loan in Texas is that you really need to be prudent in the home buying process. You’ll likely qualify for a much higher loan amount than you would with a conventional loan. However, that doesn’t mean you’ll be able to responsibly afford a more expensive home or lot.

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How to decide whether a Texas physician mortgage loan make sense for your home purchase

Fortunately, there are doctor mortgage programs that make it easier for high-earning medical doctors, dentists and other professionals to qualify for mortgages and achieve homeownership. Texas physician mortgage loans come with huge benefits for doctors, dentists and other professionals. You can purchase a home without a large down payment, which allows you to get into a home quickly or allows you to use the down payment funds for another purpose.

The downside is that you’ll probably pay a slightly higher amount for using a physician mortgage than if you pursued a conventional mortgage. Additionally, if you don’t have the money for a down payment, you’ll need to understand whether it’s the right time to buy a house. There’s no rush to purchase a home and maybe people rent for years before making their first purchase, allowing you to save up for the down payment and closing costs.

Another potential pitfall with a doctor loan program in Texas is that you may buy more home than you can afford. Just because a lender is willing to lend you a lot of money doesn’t mean that it’s the right financial decision. A realtor scouring the NMLS might be able to convince you to buy a bigger house than you need in Dallas, Houston or Austin. You may already be in significant student loan debt and you’ll want to ask yourself whether borrowing additional money is the right decision.

Looking for a physician loan in a different state?

If you’re looking to explore the best physician loans 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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