Created with Fellows in mind
A mortgage specifically designed for you
As a fellow, once you've completed your residency and chosen a specialty you have a unique borrower profile from the mortgage lender's perspective. Whether you have to move across the country, or you're in limbo while your contract finalized - it can be overwhelming to find a place to live. This is where we come in, we understand the hurdles that you face as a physician when applying for home financing, we work with your individual circumstances and scenario to get you into your dream home. Our physician mortgage programs were developed for your unique situation as a fellow and borrower profile.
Our unique mortgage products can take your future income into consideration just by using your contract. Let's say you've gotten a contract with an employment start date of 60 days from now, we'll work with you to leverage that future income as part of your home loan application to increase your odds of approval.
Along with future income consideration, we offer these special terms such as zero downpayment, student loan consideration, and no PMI are offered to all doctors from residents to fellows, and attendings and more.
First United and Scott Wells
From the time you apply for your physician home mortgage loan, until the day you close and get the keys to your new home, our specially trained and experienced staff manages and oversees the entire loan process. Your loan officer, Scott Wells, has been specializing in physician lending since 2010. We proudly serve the Dallas, Houston, Austin, and San Antonio Metro Areas.
How's it work?
The mortgage process for fellows
Medical residents, fellows, practicing physicians, and dentists with employment contracts. US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens.
Mortgage Loan Approval100% financing up to $750,000 loan amount with no PMI. 95% financing up to $1,500,000 loan amount with no PMI. Single-family homes and townhomes allowed. Condominiums allowed but must meet warrantable guidelines per Fannie Mae
Close & Move InYour trusted loan officer Scott Wells working in tandem with your real estate agent will help you throughout your journey to homeownership and financing. We offer quick close, typically within 45 days.
About our doctor based mortgage programs
Frequently Asked Quetions
A "qualified borrower" is typically a medical resident, fellow or attending physician with a signed contract for employment.
- Physicians (MD, DO)
- Licensed Residents/Interns/Fellows in MD, DO programs.
- Dentists (DDS and DMD)
While we can facilitate a doctor mortgage nationwide, we typically deal with borrowers in the Dallas, Houston, San Antonio, and Austin metro areas.
We offer loan amounts up to 100% of the home value. This means you will not need a downpayment.
Typically contact start dates are within 90 days of the loan application, but we make the decision on a case by case basis.
No, as long as there is a signed employment contract in place with a start date of less than 90 days out.
Specialized Mortgage Guidelines
Physician-based Mortgages Benefits
Getting into your new home is just a click away
From the time you apply for your physician home mortgage loan, until the day you close and get the keys to your new home, our specially trained and experienced staff manages and oversees the entire loan process, schedule a free consultation today to get started.