Physician Home Loans in Dallas–Fort Worth: A Broker's Guide for Doctors
- O.G
- Jul 17
- 2 min read
If you're a physician, dentist, resident, or fellow in the Dallas–Fort Worth area, you have access to one of the best-kept secrets in mortgage lending: the physician loan. As a mortgage broker — and a licensed pharmacist who spent years in healthcare — I help medical professionals across Texas use these programs to buy homes earlier, with less cash out of pocket, and without private mortgage insurance.
What Is a Physician Loan?
A physician mortgage is a specialized program that recognizes how doctors' finances actually work: high student debt early in your career, rapidly rising income, and delayed home buying. Compared to a standard mortgage, physician loans typically offer:
Low or no down payment — often up to 95–100% financing
No private mortgage insurance (PMI) — even with little money down, saving hundreds per month
Student-loan flexibility — deferred loans or income-based payments are treated favorably in qualifying
Close on a contract — many programs let you qualify with a signed employment contract before your first paycheck
Who Qualifies?
Programs vary by lender, but eligibility typically includes MD, DO, DDS, and DMD — and in many cases PharmD, DVM, OD, DPM, CRNA, PA, and NP — including residents and fellows. That last part matters: you don't need attending income to buy a home under many programs.
Why Use a Broker Instead of One Bank?
Most banks offer exactly one physician loan — theirs. As a wholesale mortgage broker, 5th & Brick shops multiple lenders' physician programs and compares them against conventional options using your real numbers. Sometimes a conventional loan with 5% down actually beats a physician loan; you'll see the comparison, not a sales pitch.
The Dallas–Fort Worth Advantage
DFW is home to UT Southwestern, Baylor Scott & White, Medical City, Texas Health Resources, Children's Health, and dozens of other hospital systems. If you're relocating for residency or a new attending role in Dallas, Plano, Frisco, or Fort Worth, a physician loan plus an employment contract can have you in a home before your start date.
Frequently Asked Questions
Do residents really qualify? Yes — many programs qualify residents and fellows based on contract income.
Is the rate higher than a conventional loan? Sometimes slightly — but the no-PMI savings usually outweighs it. We run both scenarios side by side so you can see the true monthly cost.
Do physician loans have loan limits? Programs commonly go to $1 million or more — plenty of room for most DFW markets.
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