Why get a Physician Loan with Extraco?

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World Class Service & Solutions

Not all Physician Loans are Equal 

Extraco's Physician Home Loans

Extraco's physician focused mortgage team has long recognized the special financial needs of our medical 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.

The Extraco Mortgage Team

Doctors & residents that have worked with us on their home buying loan process get to know us well ∓ stay in touch, often referring other doctors &to our product & services.

Stan Jackson

Sr VP, Mortgage Production

Zuly Del Valle

Mortgage Consultant

Jake Coleman

VP, Mortgage Production

Cari Bullington

VP, Mortgage Production

Testimonials

Leah M.  on Better Business Bureau

"When the bank needed docs from our accountant or insurance agent, I simply connected them via email and the bank took care of everything for me. I have referred several friends and family, including an international non-profit to Extraco..."

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Physician Tailored Loans

  • 3% Seller contributions allowed
  • 100% Financing on homes up to $453,000
  • 3% Down on homes up to $850,000*
  • NO Private Mortgage Insurance required
  • Student loans are excluded in the debt-to-income ratio
  • Approvals available with only an employment offer letter
  • Credit Score Flexibility - Approvals with 660 or higher.
  • Same day approvals & underwriting are available
  • Buy, build & re-finance options available
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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!

APPROVALS WITH JUST AN OFFER LETTER

Need a fast approval?  Approvals are often available with just an offer letter of employment.

UP TO 100% FINANCING AVAILABLE

Up to 100% financing on homes up to $453,000.  Only 3% down required on homes up to $850,000

FLEXIBLE FINANCING TERMS

Flexible credit requirements on our loan terms.  Approvals with scores as low as 660 available.

Extraco Mortgage - a division of Extraco Banks - has been specifically trained to assist & underwrite tailored loans for our Texas medical residents, physicians & medical instructors. By offering a culmination of experience, superior service & some of the best mortgage terms in our area to helps to ensure you close on time - & with no surprises.

Extraco Mortgage has conveniently located branches & 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 & commercial banking services including wealth & trust, consumer lending, insurance & mortgage.  Extraco's employees live, invest & volunteer in the communities that we serve, which means we live our mantra of "Let's Build Some Dreams".

Physician Loan Specialist

John D.  on Better Business Bureau

"...every business in this city need to take lessons from Extraco...nothing but Gold Stars! I have informed my wife to move her business account to this bank. Exceptional!!!"

NMLS #: 464142

NMLS #: 631085

NMLS #: 1700669

NMLS #: 1144235

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Extraco Banks, N.A. is a Member FDIC 

INSURANCE PRODUCTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY EXTRACO BANKS OR ITS AFFILIATES, AND MAY GO DOWN IN VALUE. Securities offered through Extraco Banks are NOT Deposits, NOT Insured by the FDIC or any Federal Government Agency, NOT GUARANTEED by EXTRACO BANKS or its Affiliates, and MAY GO DOWN in value.

Testimonials

Leah M.  on Better Business Bureau

"When the bank needed docs from our accountant or insurance agent, I simply connected them via email and the bank took care of everything for me. I have referred several friends and family, including an international non-profit to Extraco..."

Karen K.  on Better Business Bureau

"We have been banking at Extraco for over 20 years.  They are always friendly and helpful!  Having been there as long as we have, they are now very familiar with our personal and business accounts and anticipate our needs."

John D.  on Better Business Bureau

"...every business in this city need to take lessons from Extraco...nothing but Gold Stars! I have informed my wife to move her business account to this bank. Exceptional!!!"

Extraco Banks, National Association BBB Business Review

* EXAMPLE:  If you purchase a home with a 30 year fixed-rate mortgage for $850,000 & put 3% down you would be borrowing $824,000 at 5.30% APR for 30 Years. Your monthly payment - not including escrow - is approximately $4,578.49