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Physician Mortgage Loans in Texas

Compare current Texas physician mortgage loans from multiple lenders. Get current interest rates and APRs for 30-year fixed, 15-year fixed and adjustable rate mortgage loans for doctors in Texas in seconds.

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U.S. Mortgage Loan Rates

7/157/227/298/58/198/269/99/239/3010/7
Current rates - October 07, 2021
2.99%30-Year Fixed
2.23%15-Year Fixed
2.52%5/1 ARM

Texas Mortgage Loan Facts

As one of the largest states in the nation, it is reasonable to expect this large population of 28 million. Texas ranks third in the nation for economic growth and has the most overall GDP growth. The job market is on the rise which makes for a productive work environment for the more than 59,700 working physicians in this state. Salaries vary widely, depending on the Texas city, but they usually maintain nationwide averages. The state offers a variety of different activities, attractions and scenic views, simply because of its large expanse of land. Generally speaking, housing is affordable and the cost of living is relatively low. Texans also benefit from some of the best universities in the nation. These include Rice University, University of Texas, A&M University, Baylor and Southern Methodist University.

$169,900

Avarage
Home Value

90.6

Cost of Living Index
(8th in the U.S.)

61.5%

Home-ownership
Rate

59797

Number
of Doctors

Physician Mortgage Loans in Texas

CompanyLoan Amounts For
Residents & Fellows
Loan Amounts For
Practicing Physicians
Minimum
Credit Score
States available in
States AvailableAL, AR, FL, GA, IL, IN, IA, KY, LA, MS, MO, NC, SC, TN, TX
About

Regions offers their physician mortgage product in 15 states and is available for residents, fellows and practicing physicians with no restriction regarding the number of years in practice, which is unique relative to other lenders. Like most doctor loan programs, borrowers can close on a new home up to 60 days prior to the start of their employment.

Pros

  • 100% financing available to physicians and dentists
  • Bi-weekly payment options available
  • Both fixed and adjustable-rate options available
  • Can be used for new and refinancing existing homes
  • Can close up to 60 days prior to starting new employment
  • Available regardless of the number of years in practice (unless self-employed)

Cons

  • Not available nationwide
  • Additional down payment may be required if the property is in a declining market

Regions Bank, Member FDIC, Equal Housing Lender, NMLS# 174490. This is not a commitment to lend or extend credit. Terms, conditions, and restrictions may apply. All loans are subject to credit and collateral approval.

States AvailableAL, AR, CA, CT, DE, DC, FL, GA, IN, KY, MD, MA, MS, NC, OH, PA, SC, TN, TX, VA, WV
About

The doctor loan program from Truist is available to MDs, DOs, DDSs, and DMDs that are in residency, and practicing professionals that have completed their training within the last 10 years.

Residents and fellows are eligible for a Truist physician loan up to $750,000 with no down payment. Those within ten years of residency completion are eligible for larger loans up to $1.5M with down payment options based on loan size.

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