Mortgage Loans that help medical professionals become homeowners in Texas.
Physician mortgage loans, or doctor loans, are mortgage loans geared explicitly toward medical professionals. First Lonestar Bank understands doctors and dentists' unique situation and the fact that most see rapidly rising salaries.
WHAT IS A PHYSICIAN MORTGAGE?
Physician mortgage loans are available for medical professionals, recent medical school graduates, doctors, and other healthcare professionals. This loan type considers the borrowers' earning potential in their career position rather than their financial history.PHYSICIAN MORTGAGE PROGRAM DETAILS FOR TEXAS:
- 100% Financing - No Money Down
- No PMI means a lower monthly payment
- Closing Costs up to $10,000 May Be Financed
- Deferred student debt may be excluded from DTI
- Pending Employment Contracts Acceptable
- Refinance Options Available
- 100% financing up to $1,250,000
- 97% financing up to $1,500,000
Need help answering questions like, "How much will my monthly mortgage payments be?" Use our calculators to easily find the answers to your physician's home mortgage.
This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income and asset review and approval. Bank NMLS#1215182
A unique First Liberty Bank Mortgage product designed for doctors right out of medical school and early career physicians who may not have savings available for a down payment or may have high student loan obligations. To start the application process, contact an FLB Mortgage Lender in Frisco, Texas today!
