Physician Home Loans in Dallas, Texas
Dallas has a large academic center and a metro sprawling enough that the neighborhood question and the loan question are really one question.
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UT Southwestern and Parkland anchor a large training population, and Baylor Scott & White and Texas Health spread attending positions across a very wide metro. The result is that where you work barely narrows where you live — a DFW physician might reasonably shop across a dozen submarkets with materially different tax rates, school districts and price points.
That breadth is why I would rather pre-approve you across a range than at a single number. A payment that is comfortable in one suburb can be tight in another purely on the tax rate, even at an identical purchase price. Knowing that range before you shop keeps you from falling for a house in the one municipality where the math does not work.
- UT Southwestern Medical Center
- Parkland Health
- Baylor Scott & White Health
- Children's Health and Texas Health Resources
What the program reaches in Dallas
Run a Dallas payment — it checks your price against the program tiers and shows the mortgage insurance you avoid.
| Credit score | Loan up to | Mortgage insurance | |
|---|---|---|---|
| 720+ | $2,000,000 | None | Smallest down payment available at every loan size |
| 680+ | $2,000,000 | None | Smallest down payment available up to a lower loan size |
There is a floor as well as a ceiling. This program is only for buyers putting a small amount down — so if you have a large down payment saved, this is not your program and a conventional loan is probably cheaper. Loan amounts run $100,000 to $2,000,000. Terms change without notice; ask me for today's matrix before you plan around a number.
Asked here more than anywhere else
Should I get pre-approved for a specific price or a range?
A range, in DFW especially. Tax rates vary enough between municipalities that the same purchase price produces meaningfully different monthly payments and therefore different qualifying outcomes. I will give you the price band by area rather than one number that is only accurate in one suburb.
What exactly is a physician loan?
A mortgage program written around the fact that a doctor’s early-career finances look bad on paper and are not. It allows a small down payment on loans up to $2M, charges no mortgage insurance, excludes student loans from your debt ratio while you are in residency or fellowship, and lets a signed employment contract stand in for pay stubs with a start date up to 150 days after closing.
Do I need to have started working?
No. A fully executed contract or offer letter works with a start date up to 150 days after closing — close to five months. It has to state your title, start date and compensation, and the only contingencies allowed are your medical license coming through or routine items like a background check. If you are contracted as a 1099 physician the window is tighter, at 60 days.
Is the rate higher than a conventional loan?
Often slightly, and that is the honest trade for a low down payment and no mortgage insurance. Whether it is the better deal depends on how much you would otherwise put down. With a large down payment saved, a conventional loan sometimes wins outright. I will quote both and show you the comparison rather than steering you to the one that is easier for me.
How much student loan debt is too much?
There is rarely a hard cutoff, because what matters is how the payment is counted rather than the size of the balance. In residency or fellowship, loans in deferment, forbearance or reporting $0 on an income-driven plan can be excluded from the ratio altogether — a $400,000 balance and a $150,000 balance look the same at that point. After training the documented income-driven payment is used, which still beats the 1%-of-balance math that sinks conventional files.
Buying in Dallas?
Tell me your timeline and your training stage and I will tell you what is realistic in Dallas — before you start looking at houses.
Also serving Texas
Physician loans in Dallas, TX.
One call, no credit pull. I will tell you what you qualify for and whether this is actually your best option.