Doctor mortgage lending programs are being granted to Fort Worth, TX physicians! There are specialized mortgage options designed to cater to the unique financial situations of medical professionals, including doctors, dentists, optometrists, pharmacists, and veterinarians. These exclusive programs typically offer favorable terms and benefits tailored to the specific needs of healthcare professionals, such as ignoring high student loan debt and irregular income during residency.
Fort Worth, Texas is currently seeing an influx of physicians relocating to the area. Texas Health Harris Methodist Hospital Fort Worth is one of the largest and most well-known hospitals in Fort Worth. It is part of the Texas Health Resources system. JPS Hospital is a public hospital that serves as a major teaching facility. It is known for its trauma center and commitment to serving the underserved population. Cook Children’s is a pediatric hospital that offers specialized care for adolescents. Located in nearby Burleson, Texas Health Huguley Hospital is part of the Texas Health Resources network. Texas Rehabilitation Hospital of Fort Worth specializes in rehabilitation services for patients recovering from injuries and illnesses.
Fort Worth physicians can compare various lenders and financial institutions that offer doctor mortgage loans on our website. Sort by state or medical degree. Check out doctor mortgage programs that require little to no down payment. Lenders may be more lenient regarding debt-to-income ratios despite having substantial student loan debt. Most doctor loan programs do not require private mortgage insurance which can save borrowers money on their monthly escrow payments. While interest rates can vary, doctor mortgage programs often offer competitive rates compared to conventional loans. These programs may have a streamlined application and approval process, recognizing the potential for future income growth among medical professionals.
When considering a doctor mortgage loan in Fort Worth or any other location, be sure to compare offers from multiple lenders on our website, understand the terms and conditions, and evaluate the long-term financial implications. It’s also advisable to consult with a financial advisor or mortgage professional who specializes in doctor mortgage lending to help you make an informed decision.
MD Mortgage Loan has lenders with unique home loan solutions for licensed and practicing doctors, dentists, medical residents and fellows, and other eligible medical professionals.
It is easy to get paired with a Texas-based doctor mortgage lender. Simply click here.
Seven of the top Texas licensed Physician Mortgage Lenders are:
First Horizon of Fort Worth, TX Physician Mortgage Program
- Eligible Medical Professions include: MD, DO, OMS, DPM
- Up to 100% financing for loans up to $1,500,000
- For the purchase of primary residence only
- 30-Year Fixed Rate
- Student debt is not included in qualifying if deferred for more than 12 months
- Loan amounts up to $2,500,000
- Adjustable Rate Mortgages are available
- Minimum 680 Credit Score
- Advantages – HIGHLY competitive interest rates, No mortgage insurance, Favorable repayment terms, No prepayment penalty
Wintrust of Fort Worth, TX Physician Mortgage Program
- Eligible Professionals Include actively practicing:
- Existing or newly licensed Medical Doctors (MD)
- Doctors of Osteopathic Medicine (DO)
- Doctors of Dental Science (DDS)
- Doctors of Dental Medicine (DMD)
- Veterinarians
- Highlights:
- Low down payment options
- Up to 12 months of deferred medical student debt
- Adjustable-Rate Mortgages
- Financing available for primary residence properties
- No private mortgage insurance required
Truist of Fort Worth, TX Physician Mortgage Program
- Eligible Professionals Include actively practicing: MD, DO, DPM, DDS, DMD
- Highlights:
- No Private Mortgage Insurance
- CONDOs – Max Loan Amount $1,000,000
- 30 & 15 Year Fixed, 5,7,10/6 ARM’s available
- Cash out and Refinances allowed
- Primary residences only
- Flexible FTI requirements for high-income earners, up to 50% DTI
- Student loan debt deferred for at least 12 Months excluded from debt-to-income ratio or IBR payments.
- Single Family Residence, PUDs and Condos (reduced 5% LTV with Condos)
- 680 Minimum Credit Score with minimal reserve requirements
- Gift Funds Allowed
- Minimal Reserves Required
- Permanent and Non-Permanent Resident Aliens Eligible
- Employer Recruitment Loans Allowed
Keybank of Fort Worth, TX Physician Mortgage Program
- Eligible Medical Doctors: MD, DO, DPM Eligible Dentists: DDS, DMD
- Highlights:
- Single Family, PUD, Townhome, and Warrantable Condos are eligible
- Close on loan up to 90-days prior to new employment start date
- Eligible Medical Doctors: MD, DO, DPM Eligible Dentists: DDS, DMD
- Debt Ratio Limit: 50%
- No Private Mortgage Insurance
- Credit Score: 700+
- Down Payment CAN be a gift
- Reserves CAN be a gift: Loan amounts under $500,000: 2-4 months, Loan amounts over $500,000: 4-6 months PLUS gap between contract close date and employment start date.
Northpointe of Fort Worth, TX Physician Mortgage Program
- Eligible Medical Doctors: Training or Attending or Employment contract fully executed up to 90 days
- Highlights:
- Offer: 100% Financing up to $1.1MM (2 months reserves) 700 Fico
- Offer: 95% Financing up to $1.6MM (2 months reserves) 700 Fico
- Offer: 90% Financing up to $1.850MM (2 months reserves) 700 Fico
- Offer: 85% Financing up to $2.0MM (2 months reserves) 700 Fico
Regions Physician Mortgage Program in Fort Worth Texas
- Eligible Medical Doctors: Training or Attending or Employment contract fully executed up to 90 days
- Highlights:
- No Private Mortgage Insurance required
- Available to resident doctors or dentists and doctors in the medical or dental profession.
- Ability to exclude certain deferred student loan payments from the debt-to-income calculation
- Ability to close your loan before you begin employment
- Available regardless of how long you have been practicing
- Reduced monthly payments since monthly Private Mortgage Insurance (PMI) is not required
BMO Harris Bank of Fort Worth, TX Physician Mortgage Program
Eligible Medical Doctors: MD, DO, DDS, & DMD
- Highlights:
- Purchase and Rate/Term Refinance loans available.
- Primary Residences only.
- Detached single-family, two-unit/duplexes, Condos, and Townhouses eligible.
- No Private Mortgage Insurance is required.
- Down Payment Requirements for borrowers with less than 10 years of practicing:
- 0% down for loan amounts to $1MM
- 5% down for loan amounts to $1.5MM
- 10% down for loan amounts to $2MM
- Down Payment Requirements for borrowers with 10 or more years practicing:
- 10% down for loan amounts to $2MM
- 10, 15, 20, or 30 year fixed rate options available
- 5, 7, or 10 year ARM options available.
- 680 middle credit score from all borrowers required for $0 down.
- DTI up to 45% allowed
- H1B visa eligible
- Deferred student loans default to the IBR payment for underwriting.
