For physicians looking to buy a home in Texas, the process can present unique financial challenges. With extensive education and student loan debt, many doctors face obstacles that can make it difficult to secure a traditional mortgage. This is where physician mortgage loans can be especially helpful. These loans offer favorable terms, such as little to no money down and flexible debt-to-income ratios, making homeownership more accessible to physicians.

According to the Texas Medical Association, there are over 54,000 licensed physicians practicing in Texas. According to Zillow, the median home value in Texas is approximately $273,000 as of April 2023, but this can vary widely depending on the specific city or region within the state. For example, the median home value in Houston is approximately $199,000, while the median home value in Austin is approximately $517,000.

If you're a physician in Texas who is looking to purchase a home, it's important to explore all of your options and find the lender that is right for you.

We've rounded up the best physician home lenders for doctors in Texas.


19 Best Doctor Mortgage Loan Lenders in Texas

Buying a home in Texas can be a daunting task for physicians who have recently completed their residency and are struggling with significant student loan debt. Physician mortgage loans have become a popular option for medical professionals who are looking to purchase a home in Texas.


1. American National Bank and Trust

American National Bank and Trust is a fully customizable mortgage lender that looks for ways to make loans work. They offer out of the box lending options in addition the normal loans all other banks offer.

American National Bank and Trust Strengths: Dedicated to get you in your new home, they don't use a black and white approach with a set of “guidelines” or a “grid” that specifically shows what a credit score needs to be or what the down-payment would be. They cater a loan for what you want and work together to make that happen.

Michael Bruegel (NMLS #496393)
EMAIL: [email protected]
PHONE: 817-925-9393


2. Amerant Mortgage

Amerant Mortgage has unique product offerings with competitive rates and niche guidelines to ensure you get personalized advice. They offer construction to permanent doctor loans, doctor loans on primary and second homes.

Amerant Mortgage Strengths:
Available on primary homes, Construction to Permanent loans and Second Homes with competitive rates

Kourtney Doyle (NMLS #821122)
EMAIL: [email protected]
PHONE: 727-644-3889


3. BankMD

BankMD is the only Specialized Physician Bank in the country. BankMD offers Specialized, Simple and Reliable services, focusing on the unique needs of Physician's to offer customized solutions to meet the challenging demands of your career and lifestyle.

Professions Eligible: MD, DO, DDS, DMD, Resident, Fellows

BankMD Strengths: 50% DTI, 1099 accepted less than one year, future income and self employed allowed

Moses Luevano (NMLS #1426259)
EMAIL: [email protected]
PHONE: 855-422-6563


4. BMO Bank

BMO Bank entered the US mortgage market in 2010 with the merger of M&I Bank and Harris Bank as the US operations of the Bank of Montreal in Canada. Since that merger, BMO Bank has been growing it’s US operations to become a nationwide retail and commercial presence.

BMO Strengths: BMO Bank has been aggressively growing in the US market over the past 12 years. When combined with their Canadian parent company, Bank of Montreal, they are one of the largest financial services firms in North America. As BMO Bank continues to grow, their mortgage services division is also adding more products and aiming to provide industry leading customer experience for every client from coast to coast.

Jennifer Brown (NMLS #222936)
EMAIL: [email protected]
PHONE: 773-412-4250


5. Evolve Bank and Trust

Evolve Bank & Trust is a best-in-class, technology-focused financial services organization headquartered in Memphis, TN who specialize on the medical industry. EBT Medical Professional Program is designed to support the individuals who have made the commitment to a medical career.

Eligible Professions: MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, CRNA, DC, OD, DPM, Pharmacist, Clinical Nurse Specialists

Evolve Bank and Trust Strengths: Gift funds allowed, non-occupant co-borrower, flexible debt-to-income ratios, commonsense underwriting, discounts on closing cost, minimum reserves required, Self-employed allowed, dedicated team for processing loans.

Jay Couillard (NMLS #87100)
EMAIL: [email protected]
PHONE: 914-434-5036


6. First Horizon

First Horizon offers unique flexible options that allow physicians to be greater than 10 years out of residency and still qualify. The opportunity to provide 100% financing up to $1.5 million, and 95% financing up to $2 million, and 90% financing up to $2.5 million has been strong compared to competitors.

Professions Eligible: MD, DO, DDS, DMD, CRNA, CPA, DPM, Pharmacist, Attorney

Tony Umholtz (NMLS #377409)
EMAIL: [email protected]
PHONE: 813-603-4255


7. First United Bank

Founded in 1900 as Durant National Bank, the First United Bank has grown to serve communities in Oklahoma and Texas with over 85 locations.

Brian Pratt (NMLS #310252)
EMAIL: [email protected]
PHONE: 512-632-1731


8. Happy Mortgage a Division of Centennial Bank 

Happy Mortgage is a division of Centennial Bank, a regional bank based in Conway, Arkansas, United States. Happy Mortgage specializes in providing residential mortgages for homebuyers and homeowners.

Professions Eligible: MD, DO, DDS, DMD, CPA, OD, DPM, Attorney

Happy Mortgage a Division of Centennial Bank Strengths: Up to 100% financing for Primary Residence, Mortgage insurance not required, Second home financing options available.

Katie Campbell (NMLS #497745)
EMAIL: [email protected]
PHONE: 469-438-5931


9. Laurel Road 

Laurel Road is committed to serving the financial needs of doctors with Physician Mortgages. You can get a 0.25% rate discount when you take out a new mortgage or refinance your existing mortgage. You could also save up to $650 off closing costs.

Professions Eligible: MD, DO, Resident, Fellows, DPM

Laurel Road Strengths: Low fixed and variable APRs. Streamlined application and approval process. Applicants may also receive up to $650 in closing cost credits. Laurel Road’s digital application is available 24 hours per day for busy working professionals.

Americo Mendes (NMLS #108768)
EMAIL: [email protected]
PHONE: 203-842-8921


10. Liberty Federal Credit Union 

Liberty Federal Credit Union is a member-owned financial institution focused on returning value through innovative products and services. Liberty has been recognized on a state level by Forbes as one of Indiana’s best financial institutions. In recent years, the credit union has also received acclaim on a national level, including being named the nation’s Best Credit Union for Checking by Investopedia in 2021 and appearing on Newsweek’s list of America’s Best Banks in 2022.

Professions Eligible: MD, DO, DDS, DMD, Resident, Fellows, OD, DPM, Pharmacist

Liberty Federal Credit Union Strengths: Liberty Federal Credit Union excels in providing value through better loan options for borrowers. According to the American Credit Union Mortgage Association, Liberty FCU was the Midwest’s top credit union in 2021 total first mortgage originations.

John Feige (NMLS #453634)
EMAIL: [email protected]
PHONE: 502-767-7867


11. PNC Bank 

PNC Bank is one of the nation’s top retail lenders and servicers of residential mortgage loans, and for more than 160 years has been committed to providing clients with great service and powerful financial expertise to help them meet their financial goals. Combining approximately 2,200 retail banking branches and 8,900 ATMs throughout the US with competitive products and online and mobile solutions.

Scott Brown (NMLS #184397)
EMAIL: [email protected]
PHONE: 713-843-8807


12. Physician Group at Neo Home Loans

Physician Group at New Home Loans offers 100% financing options available with fixed or adjustable terms for clients with 700 credit score or better and solutions with minimal down payments.

Professions Eligible: MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, RN, CRNA, CPA, DNAP, DC, OD, DPM, APRN, CNM, Pharmacist

Strengths: Focused on helping clients close their loans in as little as 17 days (depending on the program and down payment amount). Can help 1099 independent contractors with no previous experience as self-employed, 100% loan to value to $1M and 95% loan to value up to $2M loan amount.

Josh Mettle (NMLS #219996)
EMAIL: [email protected]
PHONE: 855-260-9932


13. PhysicianLoans

PhysicianLoans originated as a family business in 1993 and after being a pioneer in the physician loan space, grew to become one of the most trusted brands for doctors.

Professions Eligible: MD, DO, DDS, DMD, DVM

PhysicianLoans Strengths: Pioneers in this space and an approved member benefit for the AMA, AOA and SOMA.

Tal Frank (NMLS #6502)
EMAIL: [email protected]
PHONE: 877-593-9313


14. Prosperity Bank

Prosperity Bank is a regional bank and serves clients throughout Texas and Oklahoma. Prosperity was founded in 1983, is headquartered in Houston, TX, and currently operates 272 full-service banking locations. Forbes has once again ranked Prosperity Bank as one of the top 10 Best Banks in America for 2022.

Eligible Professions: MD, DO, DDS, DMD, Resident, Fellows, DVM, DPM

Darren Davey (NMLS #258314)
EMAIL: [email protected]
PHONE: 214-780-2217


15. The Federal Savings Bank

The Federal Savings Bank is committed to finding the right mortgage for customers, especially those who are committed to save lives.

Eligible Professions: MD, DO, DDS, DMD, Resident, Fellows, PA, NP, DVM, CRNA, DNAP, OD, DPM, APRN, CNM, Pharmacist, Psychologist

The Federal Savings Bank Strengths: Qualify with few funds–low down payment and NO Reserves.

Upen Patel (NMLS #1374243)
EMAIL: [email protected]
PHONE: 571-331-5161


16. Truist

Truist was formed in 2019 through the merger of BB&T Corporation and SunTrust Banks, Inc. Truist Bank operates in 17 states across the Southeast and Mid-Atlantic regions, offering a comprehensive range of financial products and services

Eligible Professions: MD, DO, DPM, and DDS

Suzy Savod (NMLS #505434)
EMAIL: [email protected]
PHONE: 866-810-4404


17. UMB Bank

Founded in 1913, UMB Bank has a strong reputation for financial stability and has consistently received high ratings for its financial performance.

Bryan Humphreys (NMLS #90495)
EMAIL: [email protected]
PHONE: 636-207-2015


18. US Bank

US Bank offers a Doctor Mortgage Program, designed to help medical professionals, including physicians, dentists, and veterinarians, buy or refinance a home.

Eligible Professions: MD, DO, DDS, DMD, OD, PharmD, or JD

Jonathan Brozek (NMLS #850168)
EMAIL: [email protected]
PHONE: 916-788-7982


19. University Federal Credit Union

University Federal Credit Union is a personalized, down-to-earth credit union way of doing business with benefits of a capable, well-established, full service mortgage services company. Number one lender in Austin for the last 5 years.

Eligible Professions: MD, DO, DDS, DMD, Resident, Fellows, PA, DVM, CRNA, Pharmacist, Clinical Nurse Specialists

University Federal Credit Union Strengths:
Low, fixed rates. Can close 90 days before start date. 30 day to close guarantee due to all in-house processing. In-house loan exception committee for out of the box scenarios.

Pedro Torres (NMLS #1203683)
EMAIL: [email protected]
PHONE: 512-954-3891 Cell or 512-997-4668 Office


How Do Physician Mortgages Work in Texas?

Physician mortgages, also known as doctor loans, are a type of mortgage specifically designed for medical professionals who may have unique financial situations. These loans offer favorable terms, such as low or no down payments, no private mortgage insurance, and flexible debt-to-income ratios. Lenders who offer physician mortgages in Texas typically take into account a doctor's potential future income when considering their eligibility, rather than just their current income and debt. This is because medical professionals often have high earning potential but may also have significant student loan debt that can impact their current financial standing. By taking this into account, physician loans can help make homeownership more accessible for doctors who may not be able to qualify for traditional mortgages.


Choosing Between a Conventional Mortgage and Physician Mortgage in Texas

If you are committed to living in Texas for more than five years and have the financial means to do so, it is usually best to put 20% down and get a conventional mortgage. This will improve your monthly cash flow and allow you the financial freedom to invest or spend. By putting down a sufficient down payment, you will also save hundreds of thousands of dollars in interest over the life of the loan, all guaranteed, unlike investing a potential down payment elsewhere.

However, if you are looking to purchase a home in Texas and cannot or do not want to put down 20%, a physician mortgage loan is a reasonable option and is at least as good as other non-20%-down options.

When comparing conventional vs. physician mortgages, physician loans do have advantages, primarily revolving around easier underwriting requirements. A physician mortgage can help you qualify for a loan you otherwise could not get.

Conventional mortgages are generally more difficult to qualify for, but there is a reason for that. If you can qualify for a conventional mortgage, especially if you can make a sufficient down payment to avoid paying PMI, you will usually get a lower interest rate and fees. That means a lower monthly payment and a lower overall cost for your loan.


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