Houston Physician Mortgage Home Loans

MD Mortgage Loan has lenders with special home loan programs for certain licensed doctors and dentists, medical residents and fellows, and other eligible medical professionals. Options vary per program. Doctor mortgage programs are designed with unique features such as the ability to close on a home 90 days before starting employment.  Check out the banks and the physician mortgage loan programs below and apply today.

Houston is home to some of the finest medical professionals in the country. The Texas Medical Center in downtown Houston is the largest life sciences destination in the world. According to Visit Houston’s website, the medical center is composed of 106,000 employees, 61 institutions, and thousands of volunteers and patient visits.  With over 7.2 million visitors every year, doctors have been relocating to Houston. MD Mortgage Loan makes finding a physician home loan easy in Houston!  Many of the banks listed on our website offer home mortgages to medical residents too – even excluding student loan debt from your total debt when applying for a doctor home loan for those who qualify.

We list major banks’ home loan programs and make it easy to compare top lenders.  One of the more common features that lenders offer is zero down payments.  As a new doctor or medical resident, this makes home ownership easier to obtain.

Just to name a few of the top institutions in Houston’s Medical district is M.D. Anderson Cancer Center, Texas Children’s Hospital, Baylor College of Medicine, Houston Methodist Hospital, St. Luke’s Health, Memorial Hermann-Texas Medical Center, The Texas Heart Institute, and the University of Texas Health Sciences Center. 

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 Physician Mortgage Program in Houston Texas

• • 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 Physician Mortgage Program in Houston Texas

• • 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 Physician Mortgage Program in Houston Texas

• • 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 Physician Mortgage Program in Houston Texas

• • 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 Physician Mortgage Program in Houston Texas

• • 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 Houston 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 Physician Mortgage Program in Houston Texas

• • 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 required.
    • • Down Payment Requirements for borrowers with less 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.