Texas offers physicians one of the most favorable combinations of strong compensation, no state income tax, and relatively affordable real estate—making it one of the best states in the country to put a physician mortgage to work. From Houston's Texas Medical Center to Dallas's booming healthcare corridor, doctor loans help physicians buy without depleting cash reserves in a fast-moving market.
Physician Mortgage Calculator — Texas Estimate
Pre-filled with Texas's $310,000 median home price. Adjust any field to see your numbers instantly.
0% available on physician loans
Physician Loan
0% down · no PMI
$2,011/mo
Principal & interest
Conventional
5% down · with PMI
$2,143/mo
P&I + PMI (years 1–11)
PMI You Save
over 11 years
$30,756
by avoiding PMI entirely
Physician Mortgage Lenders
All lenders below are publicly known to offer physician mortgage programs in Texas. Down payment minimums, loan limits, and features shown are for primary residence purchases. Always verify current terms directly with the lender.
| Lender | Min. Down Payment | Loan Limit | PMI | Notable Feature |
|---|---|---|---|---|
| BMO Bank | 0% | $1.5M | No PMI | Available to residents & fellows |
| Flagstar Bank | 0% | $1.5M | No PMI | Competitive jumbo rates in TX |
| Regions Bank | 0% | $1M | No PMI | Strong Texas footprint |
| Fifth Third Bank | 0% | $1M | No PMI | Employment contract accepted |
| Truist Bank | 0% | $1M | No PMI | Fast digital application |
| Laurel Road | 0% | $1.5M | No PMI | Student loans excluded from DTI |
Why Texas
Texas home prices are considerably lower than the national average in markets like Houston, San Antonio, and El Paso—but Dallas, Austin, and suburban DFW have seen dramatic appreciation over the past decade, with medians now well above $400,000 in many submarkets. Even so, physician mortgages in Texas remain highly advantageous because the no-PMI benefit alone saves thousands annually regardless of purchase price.
The Texas physician job market is exceptional. The state is home to one of the world's largest medical complexes—the Texas Medical Center in Houston—along with thriving health systems in Dallas-Fort Worth, Austin, and San Antonio. Growing population, an aging demographic, and an influx of both residents and corporations have driven strong demand for physicians across virtually every specialty. Compensation packages reflect this demand.
What makes physician mortgages especially compelling in Texas is the no state income tax advantage combined with a 0% down payment. Physicians relocating from high-tax states can deploy significantly more income toward wealth-building rather than down payments. The capital preserved with a physician loan—invested at a 7% annual return—typically outpaces any interest rate premium over a 30-year horizon.
Common Questions
Physician mortgage lenders active in Texas include BMO Bank, Flagstar Bank, Regions Bank, Fifth Third Bank, Truist, and Laurel Road, among others. Texas's large population and growing physician workforce have attracted many lenders to the state. It's worth comparing at least three lenders since rates, loan limits, and down payment requirements vary significantly.
Yes. Physician mortgage programs in Texas are available in all major metros, including Houston, Dallas-Fort Worth, Austin, San Antonio, and El Paso. Homes in Houston and Dallas/Fort Worth can range widely in price, and most physician loan programs accommodate both entry-level purchases and more expensive homes in Uptown Dallas or West University in Houston.
Texas has unique homestead and cash-out refinance laws (Article XVI, Section 50) that can affect mortgage structuring. Most physician mortgage lenders operating in Texas are familiar with these rules and structure physician loans as purchase-money or rate-and-term mortgages, which are unaffected by these restrictions. Confirm with your lender that they have Texas-specific experience.
Yes. Residents training at Texas institutions like UTHealth, Baylor College of Medicine, UT Southwestern, and Texas A&M College of Medicine can qualify for physician mortgages through many lenders. You'll typically need a signed residency or fellowship contract, a medical degree, and a matching state license (or evidence of pending licensure). Some lenders extend terms to incoming J1 or H1B visa holders as well.
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