WHY GET A PHYSICIAN LOAN WITH EXTRACO?
Contact Your Extraco
Physician Tailored Loans
• Up to 100% financing on the purchase or refinance of a principal residence
• Up to 100% financing on lot & land loans (in select counties)
• Available to physician fellow, medical doctors, medical residents, or full-time medical instructors across the entire state of Texas
• 30-Year fixed-rate & 7/1 ARM loan options
• Single-family residence
• Long-term financing
• 3% seller contributions allowable*
• No private mortgage insurance (PMI)
Additional Resources
In order to best assist you in your upcoming transition, Extraco has put together some resources & information we feel may be beneficial in assisting you in making a determination as to what Central Texas location best suits you &/or your family.
Welcome, Baylor Scott & White Physicians!
Extraco Mortgage consultants have been specifically trained to assist and underwrite tailored loans for medical residents, physicians and medical instructors across the state of Texas. By offering a culmination of experience, a superior customer experience and some of the best mortgage terms in our area, helps to ensure you close on time and with no surprises.
Extraco Mortgage has conveniently located branches and lending offices located across the Texas area, including our South 31st Street location which is less than a quarter-mile from Baylor Scott & White Hospital. We offer a wide variety of traditional consumer and commercial banking services including Wealth & Trust, Consumer Lending and Insurance. Extraco's employees live, invest and volunteer in the communities that we serve, which means we live our mission of "Let's Build Some Dreams."
Physician Loan Specialist
County Information
Extraco Banks is a Member FDIC
*Borrower may not receive any cash at closing
INSURANCE SOLUTIONS
Simply show your
offer letter.
Need a fast approval? Approvals are often available with just an offer letter of employment.
Up to 100% Financing
We offer 100% financing on homes up to $750,000, 3% down on homes between $750,000 and $1 million, and 10% down on homes up to $1.5 million.
Flexible
Financing Terms
Flexible credit requirements on our loan terms. Approvals with scores as low as 660 available.
No PMI
Typical mortgages require personal mortgage insurance when the down payment is less than 20%. With an Extraco Physician loan, your PMI is waived.
We create an experience, not a process.
At Extraco Mortgage, we do things differently. As a local, family-owned bank, we believe in building relationships and making the customer experience more than just a transaction.
Extraco's physician-focused mortgage team has long recognized the special financial needs of our medical physician and resident-customers.
We have a deep understanding of the unique situations Texas physicians & medical residents face - including student loans & new employment contracts.
When it comes to home loans, Conventional & FHA loans are rarely the best solution for physicians - especially residents - who may just be getting started. That's why Extraco Mortgage has developed home loan options tailored to meet the needs of the Texas physicians & medical residents we serve.
Extraco's physician-focused mortgage team has long recognized the special financial needs of our medical physician and resident customers.
We have a deep understanding of the unique situations Texas physicians & medical residents face - including student loans and new employment contracts.
When it comes to home loans, Conventional and FHA loans are rarely the best solution for physicians - especially residents - who may just be getting started. That's why Extraco Mortgage has developed home loan options tailored to meet the needs of the Texas physicians, fellows, & medical residents we serve.
WE CREATE AN EXPERIENCE.
At Extraco Mortgage, we do things differently. As a bank under its third generation of family ownership and management, we believe in building relationships and making the customer experience more than just a transaction.
WE CREATE AN EXPERIENCE.
At Extraco Mortgage, we do things differently. As a local, family-owned bank, we believe in building relationships and making the customer experience more than just a transaction.
As a medical resident, physician or medical instructor, you qualify for Extraco's Premier Checking account. Receive the highest level of customer service with a dedicated Relationship Manager, rewards and benefits a bank can offer with an exclusive suite of financial solutions to meet your needs.
EXCLUSIVE BENEFITS
We make it a seamless process to add home insurance with your mortgage. Through Extraco's Insurance department, receive a dedicated insurance specialist to ensure you receive the home insurance that best fits your needs. Our insurance specialists can also help you find the best policy for renter's, investment property and auto insurance.
EXCLUSIVE BENEFITS
As a medical resident, physician or medical instructor, you qualify for Extraco's Premier Checking account. Receive the highest level of customer service with a dedicated Relationship Manager, rewards and benefits a bank can offer with an exclusive suite of financial solutions to meet your needs.
We make it a seamless process to add home insurance with your mortgage. Through Extraco's Insurance department, receive a dedicated insurance specialist to ensure you receive the home insurance that best fits your needs. Our insurance specialists can also help you find the best policy for renter's, investment property and auto insurance.
PREMIER BANKING
HAVE QUESTIONS?
OUR MORTGAGE CONSULTANTS CAN HELP!
PREMIER BANKING
INSURANCE SOLUTIONS
"Extraco has been wonderful. Being first-time home buyers, Extraco Mortgage made the process as seamless and easy as possible. The communication was excellent and it really put us at ease with the whole loan process."
— Dr. Jantzen Matli & Dr. Katharine Matli
DOWNLOAD OUR NEW TO THE AREA GUIDES
Top 5 Things Incoming Physicians Need to Know About Moving to Central Texas
*Extraco’s physician home loan is available for the purchase or refinance of a primary or secondary home anywhere in the state of Texas.
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