Doctor Home Loans in Texas

Doctor Home Loans in TexasIf purchasing or refinancing a doctor home loan in Texas is on your to-do list, then keep reading for a guide to lenders ready to work with you. There are over 64,000 physicians who call Texas home and several lenders ready to help you start the doctor loan process. 

Texas continues to grow and attract physicians each year. It’s one of the most populated states in the country and home to over 29,000,000 residents. Texas is home to everything from healthcare to tech to sports teams and rodeos. You’ll find whatever you can dream of, whether it’s deep in the heart of Texas or in a sprawling suburb. 

Recommended Lenders for Doctor Home Loans in Texas

UMB physician loansDoug Crouse, Mortgage Loan Officer | BMO Bank

Whether it’s your first home, a refinancing project or looking for the next home upgrade, Doug is focused on making a real and lasting difference. That’s why he takes the time to understand each of his clients’ unique home buying needs (as he has with my very own physician family).

Contact Doug by visiting this link.

 

Truist physician loanMike Fitzmeyer, Sales Manager/V.P. | SunTrust (now Truist) | NMLSR #93716

Mike Fitzmeyer of SunTrust (now Truist) understands the mortgage business. He is a seasoned professional with over 28 years of experience with a specific focus on Doctor Mortgage financing. Mike understands the needs of the Physician community and will tailor a mortgage solution for each client’s individual needs and financial plan. Mike and SunTrust (now Truist) have tremendous Doctor Mortgage experience and have flexibility in dealing with different situations in order to customize a mortgage solution for each client.

Contact Mike today to get the best service for your next home purchase or refinance needs.

 

Jared Bahr of Regions Bank has been in the lending business for over 11 years and has a wealth of experience! While closing thousands of doctor home loans in his career, Jared has mastered the underwriting process and seen almost every type of contract. With Regions (and Jared) your physician loan will automatically qualify you for private banking with all its corresponding perks. As a family man himself, Jared puts a high priority on letting his clients focus on what matters most: their family and career.

Let Jared help you find your dream home today! Contact Jared by going here.

 

US Bank physician loan

Jonathan Brozek, Mortgage Loan Officer | U.S. Bank | NMLS# 850168

Equal Housing Lender

“Pinch me. I must be dreaming!” is what one of Jonathan’s physician endorsers expressed after reflecting on his mortgage experience. Others state their experience allowed them to enjoy the process of buying a home. We’re optimistic you’d experience the same. But, there’s only one way to find out.

Contact Jonathan by emailing him here: jonathan.brozek@usbank.com (email preferred) or call (916) 788-7982.

With such a vast amount of land and cities to choose from, it means you have a variety of choices in housing in Texas. A doctor home loan can make it possible for you, whether you’re in the middle of your residency or well on your way as an attending physician.

The best advice is to begin working immediately with a lender who understands the challenges a physician faces – both with finances and limited amounts of time. Getting pre-qualified for a doctor home loan saves you time (and effort) during the process and gives you all the information you need up front. Plus, getting prequalified tells the seller of the home you’re buying that you are a serious contender. 

If you’re ready to get started on your doctor home loan in Texas, then check out these lenders who can get you started on your dream today.

List of Lenders for Doctor Home Loans in Texas

BMO Harris – BMO Harris offers several mortgage options for physicians. Physicians can borrow up to 100% on mortgages up to $1M, 95% on mortgages up to $1.5M, and 90% on mortgages up to $2M. There is no PMI on physician mortgage loans through BMO Harris. The loan programs are available with either fixed or adjustable rates and without any special fees. BMO Harris is headquartered in Chicago, IL and also operates in the states of AZ, FL,IN, KS, MN, MO, and WI – excludes NY.

 

SunTrust (now TRUIST) – The doctor home loan program from SunTrust Bank (now Truist) is available to MDs, DOs, DDS’, and DMDs that are currently in residency, and practicing professionals that have completed their training within the last 10 years. Residents and fellows are eligible for a SunTrust physician loan up to $750,000 with no down payment at 100% financing! Meanwhile, those within ten years of residency completion are eligible for higher physician loan amounts up to $1,000,000 with 95% financing and up to $1,500,000 with 89.99% financing! Contact Mike Fitzmeyer today if you have questions specific to your upcoming home purchase!

 

US Bank – U.S. Bank is a leader in the mortgage industry. Many of their customers have said they would recommend them in the future. They offer loans that meet almost every mortgage need. You may be eligible for the U.S. Bank Customer Credit with a new or existing U.S. Bank Personal Checking Package, or with an existing first mortgage with U.S. Bank. Take 0.25% of the loan amount and deduct it from the closing costs, up to a maximum of $1,000. At U.S. Bank, they know that your home is one of the biggest investments you’ll ever make. And whether you’re looking for a new mortgage loan, a mortgage refinance or a home equity loan, you want a partner you can trust. 

 

Citizens Bank – Citizens Bank offers a special mortgage program for physicians and dentists through their doctor loan program. Their doctor loan is available for purchases and limited cash‑out refinances of primary residence. A few highlighted features of the program include up to 95% financing, no mortgage insurance, and your choice of a fixed-rate or adjustable-rate mortgage. Headquartered in Providence, RI, Citizens Bank has over 1,200 locations across the country.

 

Regions Bank – Regions Bank can help borrowers finance a loan with no down payment options for loans up to $750,000 or a 5% down option for those who need up to $1M. In addition, PMI will be excluded. Regions bank will also exclude certain student loan debt when calculating your debt-to-income ratio.

 

IberiaBank – IberiaBank offers several mortgage solutions for borrowers. Physician loans are offered to those both residents, fellows and practicing physicians. Doctors are eligible to borrow up to $1M with no money down. Mortgage loans are offered with options including  5/1 ARM, 7/1 ARM and 30 year fixed – all with no mortgage insurance. Iberia Bank is headquartered in Louisiana and is available in several states.

Recommended Real Estate Agents In Texas

Financial Residency has partnered with Dr. Moves to offer you a tailored home buying experience with agents that specialize in working with physicians in Texas.

Moving to a different state? Click on the state you are moving to and get the best lenders in that state.

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