Houston physician mortgage and homebuying plan
For residents, fellows, and new attendings buying in Houston. Compare lender rules, cash to close, monthly cost, start-date timing, routes to work, and the types of homes each option can support.
What a physician mortgage comparison should cover
A physician mortgage is a lender-specific home-loan program for eligible medical professionals. Degree rules, career-stage rules, down payment, mortgage insurance, reserves, rates, fees, loan limits, and property restrictions can vary. Ask licensed lenders for current written terms based on the same purchase price, property type, occupancy plan, income documents, debts, credit profile, and target closing date.
Compare more than the proposed down payment. Review the interest rate, APR, lender fees, cash to close, reserve requirement, total monthly payment, and how student debt is calculated. Ask whether a signed employment contract or future income can be considered, which documents are required, and how early the loan may close before employment begins. The lender, not the real estate team, decides eligibility and underwriting.
Build the purchase plan around verified dates
Before making an offer, connect the employment start date, moving plan, financing milestones, and contract deadlines. The purchase schedule depends on the negotiated contract, lender review, appraisal, title work, inspection period, repair decisions, and the parties' agreed closing date. Keep a workable housing alternative until the documents and milestones that matter to the purchase have been confirmed.
Property selection still requires its own analysis. Compare the route from each address to the workplace entrance you use, the full monthly and annual carrying costs, property condition, taxes, insurance information, flood and drainage information, and any deed restrictions or association documents. For school information, verify the attendance zone for a specific address with the applicable district and official Texas Education Agency resources.
CGP's role in the process
CGP Realty Group can help organize the home search, written lender questions, remote tours, showing windows, offer terms, inspection coordination, and property diligence. Hien Le co-leads the physician-buyer practice, and Khai Tran is the team's Co-Founder and Team Lead. Financing advice and loan approval remain with licensed lenders; legal, tax, engineering, insurance, and construction questions remain with the appropriate professionals.