WHY GET A PHYSICIAN LOAN WITH EXTRACO?

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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 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 mantra 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

0% down on homes up to $750,000. Only 3% down required on homes up to $1M. 10% down offered on homes up to $1.5M.*

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.

254-401-0559

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.

Find a Mortgage Consultant Near Me!

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 & 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.

FIND A MORTGAGE CONSULTANT NEAR YOU

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. 

FIND A MORTGAGE CONSULTANT
APPLY NOW

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.

GET STARTEDLEARN MORE

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.

LEARN MORE

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.

GET STARTED
254-401-0559

PREMIER BANKING

HAVE QUESTIONS?

OUR MORTGAGE CONSULTANTS CAN HELP!

extracobanks.com

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

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*Primary residence only; does not apply to second homes

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