Physician Mortgage Loans in Texas

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.

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.