First Home · Texas
Higher-Ed Graduate / New Professional in Texas
Just finished med school, law school, or your master's? Buy your first Texas home with programs built for high-earning new professionals.
Common challenges we solve
- Student-loan balances inflating your DTI
- Short employment history at your new job
- Limited down payment savings
- Wanting to start building wealth instead of renting
What you get with Lumos
Physician, attorney, and CPA loan programs with low down payment options
Student loans excluded or capped at IBR payment
Future-income qualifying with a signed offer letter
What's different in Texas
Texas has no state income tax, which helps your take-home pay, but property taxes and any MUD or PID assessment count in your debt-to-income ratio alongside your student-loan payment. Eligible Texas teachers, nurses and first responders can also look at TSAHC's Homes for Texas Heroes.
Loan programs that typically fit
Frequently asked
- Can I close before my first paycheck?
- Yes — we can close up to 60 days before your start date using your signed offer letter.
- Do my student loans hurt me?
- On professional programs we cap or exclude them. On conventional we use your actual IBR or PAYE payment.
- How much do I need to put down?
- Physician and select professional programs offer low down payment options. Down payment requirements vary by program — we'll show you your options.
