Physician Mortgage

Physician Mortgage Loans in Frisco & North Texas

A physician mortgage loan is a specialized financing program for medical professionals just starting their careers, including MDs, DOs, and Dentists, that allows for 100% financing ($0 down) and excludes deferred student loan debt from debt-to-income (DTI) calculations. At First Lonestar Bank, we offer these loans to residents, fellows, and attending physicians in the Frisco and greater DFW area, even allowing you to close on a pending employment contract before you begin your new position.

Please Note: Available only to existing or soon-to-be MDs, DOs, DDSs, DPMs, DCMs, ODs, and DMDs.

Why Doctors Choose This Program

Because medical professionals often start their careers with significant student debt but high earning potential, traditional mortgage "rules" often don't apply. Our program bends over backward to remove those hurdles:

• Zero Down Payment: Secure 100% financing for your home purchase up to $1,250,000, or 95% financing up to $1,500,000.
• No Private Mortgage Insurance (PMI): Save hundreds of dollars every month by eliminating PMI, even without a 20% down payment.
• Student Debt Forgiveness: We understand that medical school debt is an investment. We offer flexibility in how we treat student loan debt, and in some cases, can exclude deferred student loan debt from DTI.
• Close Using Your Contract: If you are moving to North Texas for a new role at a hub like Medical City or Baylor Scott & White, we accept your signed employment contract as proof of income so you can move in before your first day of work.

Who is Eligible for the Physician Loan?

This program is reserved for the high-impact medical experts who serve our community. Eligible designations include:

• Medical & Surgical: MD (Medical Doctor) and DO (Doctor of Osteopathic Medicine).
• Dental Experts: DDS (Doctor of Dental Surgery) and DMD (Doctor of Medicine in Dentistry).
• Specialized Practice: DPM (Podiatry), OD (Optometry), and DCM (Chiropractic).

The First Lonestar Difference

We aren't a national "big box" lender; we are a community bank in the heart of Frisco. We understand the local DFW real estate market and the unique career trajectories of medical professionals. We provide human-to-human experience, ensuring your loan is handled with the same care and expertise you provide to your patients.

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Physician Mortgage Frequently Asked Questions (FAQs)

Can I qualify if I am still in my residency or fellowship?

Absolutely. Many of our clients are residents or fellows with high future earning potential but are currently managing high debt-to-income ratios that traditional lenders won't accept.

What are the 2026 loan limits for this program?

In 2026, you can secure 100% financing (no money down) for loan amounts up to $1,250,000. For larger luxury purchases up to $1,500,000, a small 5% down payment is typically required.

Can I use this loan for a rental property?

No. This specialized program is designed exclusively for your primary residence (the home you intend to live in). If you are looking to build a rental portfolio, we offer separate [Investment Property] options for medical professionals.

The Fine Print

This is not a commitment to lend; you must submit additional information for review and approval. Rates, Annual Percentage Rates (APRs), 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 reviews and approvals. Bank NMLS#1215182