Resident Physician Application
TMA offers loans to resident physicians within the state of Texas.
Funds are limited annually on a first-come, first-serve basis. Please contact TMA directly to see if you qualify.
Dr. S. E. Thompson Scholarship Loan Fund
- Available to physicians in any year of post-graduate training.
- A resident physician may borrow up to a maximum of $6,000.
- The residency training must be in an accredited program within the state of Texas.
- If an individual received a TMA loan from the Dr. S.E. Thompson Scholarship Fund while in medical school, that amount will be included in the maximum allowed.
Patricia Lee Palmer Trust Loan Fund
- Available to single female physicians in any year of post graduate training
- A resident physician may borrow up to a maximum of $3,000
- Applicants must be U.S. citizens
- The residency must be in an accredited program within the state of Texas
- Interest is due one year after the loan is disbursed.
- Principal repayment begins two years after loan disbursement.
- Loans may be repaid in full at any time without pre-payment penalty.
- Equal monthly payments will be made for 12 months on a $1,000 loan; 24 months on a $2,000 loan; 36 months on a $3,000 loan; or 48 months on loans of $4,000, $5,000, and $6,000.
HOW TO APPLY
Resident physicians may apply for a loan through the Texas Medical Association and can obtain an application on this website.
The following items must be completed and received by TMA:
- Completed and e-signed loan application returned to TMA.
- Promissory note e-signed and returned to TMA.
- Verification of residency status signed by supervisor and returned to TMA.
- Electronic signature constitutes permission to pull your credit report - defaulted accounts do affect eligibility.
- A virtual or telephone meeting with a TMA Interviewing Trustee must be completed.
- Written/emailed acceptance of the loan after receipt of the approval disclosure.
- Upon approval, the loan will be disbursed as direct deposit.