100% Mortgage Financing Loan for Medical Professionals

Complete Financing — No Down Payment!

Finance the entire purchase price of a home with no down payment required. Take advantage of 100% financing and other benefits that can make your dream home a reality.¹

This special program is available for actively practicing medical doctors, dentists, dental surgeons or veterinarians (MD, DO, OD, DPM, DDS, DMD, DVM, or VMD). You’re also eligible if you’re (1) currently employed as a newly licensed medical resident, (2) in residency, or (3) about to begin new employment/residency within 60 days of closing on your home.

100% Med. Prof. Fixed Rate - 30 year

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100% Med. Prof. Fixed Rate - 20 year

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100% Med. Prof. Fixed Rate - 15 year

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100% Med. Prof. Fixed Rate - 10 year

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Benefits and features:

Fixed Rates

Payment remains the same for the life of the loan.

$0 Down Payment

More affordable homeownership.

No Private Mortgage Insurance (PMI)

No monthly PMI lets you keep more money in your pocket.

Seller Contribution Allowed

Seller may contribute up to 3% of the sales price toward closing costs.

Flexible Term Options

Choose from terms of 30, 20, 15 and 10 years.

Gifts Allowed

Use gifted funds from family or relatives toward your down payment or closing costs.

Low closing costs

By eliminating some of the upfront costs, RBFCU helps you turn your dream into reality. Qualifying loan types include: Conventional fixed-rate, 100% Financing, Jumbo, Construction and 5/5 adjustable-rate.

In addition, members have the option to purchase discount points to lower their rate.

Let us walk you through the mortgage loan process

1. Get prepared

Buying a home is a big commitment and you’ll want your finances to be in good condition before you start the process to ensure the best possible outcome. Gather your financial information, like recent tax returns, financial statements and pay stubs; your loan application will let you know what financial information is necessary. You should also review your credit score, take a look at your debt-to-income ratio (DTI) and take other important steps to position yourself for receiving the best possible loan terms. Click the button below to read our document on “Maintaining Your Financial Status and Credit Score” for tips to help guide you through the process.

2. Decide what you can afford

Before you begin shopping for a home, take a look at your budget and current expenses to determine what you can afford. You’ll want to evaluate your monthly incoming and outgoing funds to see where a down payment, closing costs and your new mortgage payment might fit in.

3. Get pre-approved

Once you know how much home you can afford, complete the application for a pre-approval letter. The pre-approval will let sellers know that you are a qualified buyer who is prepared to make a home purchase.

4. Find your home

Now’s the time to determine all the traits that make up your perfect home. Research areas and neighborhoods of interest. Also, connect with an RBFCU preferred real estate agent, who can help you search smarter.

5. Complete paperwork

You’ll complete the application process you started with your pre-approval request by submitting your documents and continuing through the loan process. This may sound simple, but it can be a big undertaking, depending on your employment status, residency, etc.

6. Finalize your loan

Our Mortgage Lending Team will help you through each step of the loan process and make sure you know everything you need to know to close your loan with confidence.

Ready to apply for a loan? Here's what you'll need to complete the application:

The amount you would like to borrow
The number of years you want to finance your loan (term length)
Your current employment and income information
Your phone number and email
Information for joint borrowers you plan to include on the mortgage loan (including date of birth, address, income and employment, Social Security number and contact information; if applicable)
An idea of the total amount you would like for your loan and monthly payments

For a list of all the documents often required to complete your purchase, download our Mortgage Application Checklist.

Mortgage Calculators

How much home can I afford?
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How much will my mortgage payments be?
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What will my closing costs be?
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Mortgage FAQs

What property types are eligible for a 100% Medical Professionals mortgage loan?
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Single-Family Residences (SFR) with a maximum of 10 acres, townhomes and warrantable condominiums are the eligible property types for 100% financing.
What loan types and terms qualify for a 100% Medical Professionals mortgage loan?
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A Conventional Fixed-Rate loan type with terms of 10, 15, 20, and 30 years qualify for a 100% Medical Professionals mortgage loan.
What is the maximum loan amount for a 100% Medical Professionals mortgage loan?
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The maximum loan amount for the 100% Medical Professionals mortgage loan is $850,000.
Is premium pricing available for a 100% Medical Professionals mortgage loan?
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Yes. Premium pricing is available with an adjustment in your interest rate. In exchange for the adjustment, you can receive a lender credit to apply to various costs associated with your loan. Unfortunately, we cannot return cash.
Can I qualify for a 100% Medical Professionals mortgage loan before my employment or residency begins?
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You can qualify for a 100% Medical Professionals Mortgage Loan if you are:
- A newly licensed medical resident currently employed, in residency, or are about to begin new employment or residency within 60 days of closing
- An actively practicing medical doctor, dentist, or dental surgeon (i.e., MD, DO, OD, DPM, DDS, DMD, DVM, or VMD)

¹Must be primary residence. Proof of eligibility may be required. Loans subject to credit approval. Rates, terms and programs subject to change without notice. 100% financing available for primary residence only. Restrictions may apply. RBFCU mortgage loans are available only on property in Texas. RBFCU NMLS# 583215. 100% financing loans are offered through RBFCU Mortgage (NMLS# 583215) and RB Mortgage LLC dba Domain Mortgage (NMLS#862516). RB Mortgage LLC dba Domain Mortgage is principally owned by RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union.

With high-value products and services, Randolph-Brooks Federal Credit Union (RBFCU) is a trusted financial partner for thousands of members in Texas, as well as around the world. RBFCU offers all the banking services you would expect from a leading credit union, and we've also made it our mission to help improve our members' economic well-being and quality of life. Our commitment to personalized service makes RBFCU membership the smarter banking choice.

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