Medical Professional Mortgage Loans
A Medical Professional Mortgage Loan lets you buy the home you want with a lower down payment, and, in most cases, your student loan debt is excluded from your debt ratio. If you are a doctor, resident, surgeon or CRNA, a Medical Professional Home Loan from Texell might be the perfect fit for you.
- Loan amounts up to $2 Million1
- 100% financing options available
- No borrower Private Mortgage Insurance (PMI) required.
- Student loan payments in deferment may be excluded from your debt ratio2.
- Local experts available on your schedule
Frequently Asked Questions
Who is eligible?
The borrower or co-borrower must be a Doctor, Dentist, Resident, Dental Surgeon, Oral Surgeon, or CRNA.
Does a Medical Professional Mortgage Loan Require mortgage insurance?
No, there is no Private Mortgage Insurance required on Medical Professional Loans.
Is a down payment required?
For loans $1 million or less no down payment is required. Low down payments are required for loans over $1 million. Below are a breakdown of loan amounts and the maximum amount financed.
100% financing for loans up to $1 Million
95% financing for loans up to $1.5 Million
90% financing for loans up to $2 Million.
1With Approved Credit
2Student loan debt may be excluded from the debt-to-income ratio (DTI) calculation if it will be deferred for at least 12 months after closing.
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