Doctor loans in Texas
Doctor loans, also called physician loans or physician mortgages, are designed for medical professionals buying or refinancing a home.
What a doctor loan is
A doctor loan is a non-agency mortgage. It follows the lender's own guidelines instead of Fannie Mae and Freddie Mac rules.
- Can finance up to 100% of the home's value
- No mortgage insurance, even with a low or no down payment
- For a primary home or a second home
- Rate-and-term refinances on a home you own
We'll compare a doctor loan with conventional and other options, so you can see the trade-offs before you choose.
Who a doctor loan fits
A good fit if
- You're a medical professional buying a primary home or a second home
- You'd like a low or no down payment, without paying mortgage insurance
- Your student loans are in deferment or forbearance
- You're doing a rate-and-term refinance on a home you own
Keep in mind
- A minimum credit score of 680 applies
- Eligible professions and loan amounts depend on the program
How student loans are treated
Medical training often comes with large student loans. With a doctor loan, student loans in deferment or forbearance can be left out of your debt-to-income ratio.
That can make it easier to qualify. We'll go over how your loans are counted when we review your numbers.
Doctor loan FAQ
Who qualifies for a doctor loan?
Doctor loans are designed for medical professionals. Eligible professions and loan amounts depend on the lender's program, so tell us your profession and we'll check which programs fit.
Do doctor loans require mortgage insurance?
No. Doctor loans don't require mortgage insurance, even with a low or no down payment.
Can I use a doctor loan to refinance?
Yes, for a rate-and-term refinance on a home you own.
What credit score do I need?
A minimum credit score of 680 applies.
Programs, guidelines, and availability change and vary by lender. All loans are subject to credit approval, underwriting, and property eligibility.
Let's look at your numbers together.
Call (817) 259-1972, schedule a consultation, or start your secure application when you're ready. Talking with us is free, and there's no credit check to get started.