Physician Loans in Dallas, TX
Built for doctors, residents, and fellows at UT Southwestern, Baylor Scott & White, Medical City, and across the DFW medical corridor — without the loan penalties that punish student debt and short work history.
Why Physician Loans Exist
Conventional loan underwriting was designed for W-2 employees with 5+ years of work history and minimal debt. That profile fits almost no physician at the point of buying their first home. You finished residency with $200K–$400K in student loans, you started an attending position recently, and you have limited savings — not the 20% down a conventional loan wants to see. Physician loans underwrite differently — future income accepted via offer letter, student loans excluded or IBR payment used, and no PMI even at 0–5% down.
What Dallas Physicians Actually Need to Know
Most physician loan programs exclude student loan debt from DTI entirely or use your IBR payment — not the 1% of balance standard. UT Southwestern residents carrying $300K+ in loans see the biggest benefit here.
Attending physicians can close up to 90 days before their start date with an executed offer letter. No paycheck required to qualify.
Zero — even at 0% down. On a $750K Dallas home, conventional PMI runs $350–$550/month. Physician loans eliminate that cost entirely.
0% down up to $1M, 5% down up to $1.5M, 10% down up to $2M — depending on lender and your file. We shop 50+ lenders to find the best structure.
UT Southwestern residents and fellows are among the most underserved physician loan borrowers in Texas — high future earning potential, high current debt. We specialize in structuring these files correctly.
Why Dallas Specifically
Physician-appropriate Dallas neighborhoods include Preston Hollow, University Park, Highland Park, Lakewood, Uptown, Frisco, and Southlake. At these price points, eliminating PMI saves $350–$550/month compared to conventional financing at 5% down.
Common Scenarios We See
- →UT Southwestern resident or fellow finishing training, $320K in student loans, attending offer letter in hand, wants to buy before start date
- →Baylor Scott & White or Texas Health attending relocating to DFW from out of state, needs to close on a timeline
- →Medical City or Parkland physician 1–2 years into attending role, ready to move from renting to owning in Preston Hollow or Frisco
- →Private practice physician in DFW, self-employed 2+ years, needs physician loan program with full-doc or bank statement option
Dallas Physician Loan — By Hospital System and Neighborhood
DFW has one of the largest medical training ecosystems in the country. Where you train and where you're buying shapes how your loan gets structured.
UT Southwestern trains more residents and fellows than almost any system in Texas. If you're buying during or right after residency at UTSW, you qualify with your signed contract — no W-2 required. Physician loans for Dallas buyers at this stage allow 0% down up to $1M with student debt excluded from DTI. Preston Hollow, Lakewood, and Uptown are all within reach.
Attending physicians joining BSW or Texas Health are frequently relocating from other states or moving from renting to owning in Frisco, Southlake, and McKinney — $700K–$1.1M range. Doctor loans in Dallas at these price points close without PMI and without the 20% down a conventional loan demands.
Physicians at Medical City and Parkland often have complex compensation structures — RVU-based pay, shift differentials, employed vs. contractor arrangements. We document these correctly the first time so your file doesn't stall at underwriting.
Partnership distributions, K-1 income, and profit-share arrangements require lenders who understand physician economics. Bank statement programs and full-doc physician loans are both available — the right structure depends on how long you've been in practice and how your entity is set up.
Ready to run your numbers?
We'll cover student loan treatment, down payment options, and max purchase price — in one 30-minute call.
This page is for educational purposes only and does not constitute a loan commitment, rate guarantee, or offer to lend. All loans subject to credit approval. Rates, terms, and program availability subject to change without notice. Not all programs available in all areas. Shalanda Smith · NMLS #554554 · Keys by Shalanda · Powered by Secure Choice Lending · NMLS #1689518 · Equal Housing Opportunity · shalandasmith.com · 254.935.9331.