MD Mortgage Loan showcases Florida-based lenders specializing in doctor mortgage financing. Currently, over 55,000 doctors live in Florida and many more are relocating to be closer to the ocean and assist in the retirement industry.
We make it easy for Florida doctors to find home loan programs that offer benefits such as no mortgage insurance required, favorable repayments, highly competitive interest rates, and programs that do not include student debt in the debt-to-income ratio. Many physicians are relocating for the weather. It is sunny year-round and offers a plethora of outdoor activities to stay fit. It is important to note that there is a shortage of medical doctors due to the rising population of elderly patients who move to retire. Medical doctors and licensed dentists can access exclusive benefits with physician mortgage loans in Florida in Orlando, Tampa, Miami, Jacksonville, and other top cities. Whether you are a doctor living or moving to Florida, MD Mortgage Loan can help you find a physician mortgage loan. We have many doctor loan programs offered by many banks. It is easy to get paired with your area’s best doctor mortgage lender. Simply click here.
Nine of the top Florida licensed Physician Mortgage Lenders are:
TD Bank Physician Mortgage Program in Florida
- Up to 100% financing with no PMI for loan amounts up to $750,000
- Up to 95% financing with no PMI for purchases up to $1.3M
- Up to 90% financing with no PMI for purchases up to $2M
- Primary residences only
- Flexible DTI requirements for high-income earners
First Horizon Physician Mortgage Program in Florida
- Eligible Medical Professions include: MD, DO, OMS, DPM
- Up to 100% financing for loans up to $1,500,000
- For the purchase of primary residence only
- 30-Year Fixed Rate
- Student debt is not included in qualifying if deferred for more than 12 months
- Loan amounts up to $2,500,000
- Adjustable Rate Mortgages are available
- Minimum 680 Credit Score
- Advantages – HIGHLY competitive interest rates, No mortgage insurance, Favorable repayment terms, No prepayment penalty
Wintrust Physician Mortgage Program in Florida
- Eligible Professionals Include actively practicing:
- Existing or newly licensed Medical Doctors (MD)
- Doctors of Osteopathic Medicine (DO)
- Doctors of Dental Science (DDS)
- Doctors of Dental Medicine (DMD)
- Veterinarians
- Highlights:
- Low down payment options
- Up to 12 months of deferred medical student debt
- Adjustable-Rate Mortgages
- Financing available for primary residence properties
- No private mortgage insurance required
Fifth Third Bank Physician Mortgage Program in Florida
- Eligible Professionals Include actively practicing: MD, DO, DPM, or designations only
- Soft or declining markets do not require an additional down payment
- No Private Mortgage Insurance required
- Non-Permanent Resident Alien with an H1 Work VISA are acceptable (must demonstrate continued employment)
- No additional money down on condominiums
- Purchase or refinance
- Can close up to 90 days before future employment begins new Physician Loan Program-Intern/ Resident/ Fellow OR Practicing/ Attending Physician for less than 1 year
- 680 minimum credit score required with 5% down
- 700 credit score required for 0% down up to $500,000
- 720 credit score required for 0% down up to $750,000
- 5% down on loan amounts of $750,001 –$1,000,000
- Established Physician Program-Attending/ Practicing Physicians greater than 1 year
- Dentist now available.
- Up to $750K with no down payment required
- 10% down required if greater than $750K up to $1,000,000
- 15% down required if greater than $1MM up to $1.5MM
- No limit of years after training
- Refinance Loans available – 720 Credit score required
Truist Physician Mortgage Program in Florida
- Eligible Professionals Include actively practicing: MD, DO, DPM, DDS, DMD
- Highlights:
- No Private Mortgage Insurance
- CONDOs – Max Loan Amount $1,000,000
- 30 & 15 Year Fixed, 5,7,10/6 ARM’s available
- Cash out and Refinances allowed
- Primary residences only
- Flexible FTI requirements for high-income earners, up to 50% DTI
- Student loan debt deferred for at least 12 Months excluded from debt-to-income ratio or IBR payments.
- Single Family Residence, PUDs and Condos (reduced 5% LTV with Condos)
- 680 Minimum Credit Score with minimal reserve requirements
- Gift Funds Allowed
- Minimal Reserves Required
- Permanent and Non-Permanent Resident Aliens Eligible
- Employer Recruitment Loans Allowed
Keybank Physician Mortgage Program in Florida
- Eligible Medical Doctors: MD, DO, DPM Eligible Dentists: DDS, DMD
- Highlights:
- Single Family, PUD, Townhome, and Warrantable Condos are eligible
- Close on loan up to 90-days prior to new employment start date
- Eligible Medical Doctors: MD, DO, DPM Eligible Dentists: DDS, DMD
- Debt Ratio Limit: 50%
- No Private Mortgage Insurance
- Credit Score: 700+
- Down Payment CAN be a gift
- Reserves CAN be a gift: Loan amounts under $500,000: 2-4 months, Loan amounts over $500,000: 4-6 months PLUS gap between contract close date and employment start date.
Northpointe Physician Mortgage Program in Florida
- Eligible Medical Doctors: Training or Attending or Employment contract fully executed up to 90 days
- Highlights:
- Offer: 100% Financing up to $1.1MM (2 months reserves) 700 Fico
- Offer: 95% Financing up to $1.6MM (2 months reserves) 700 Fico
- Offer: 90% Financing up to $1.850MM (2 months reserves) 700 Fico
- Offer: 85% Financing up to $2.0MM (2 months reserves) 700 Fico
Regions Physician Mortgage Program in Florida
- Eligible Medical Doctors: Training or Attending or Employment contract fully executed up to 90 days
- Highlights:
- No Private Mortgage Insurance required
- Available to resident doctors or dentists and doctors in the medical or dental profession.
- Ability to exclude certain deferred student loan payments from the debt-to-income calculation
- Ability to close your loan before you begin employment
- Available regardless of how long you have been practicing
- Reduced monthly payments since monthly Private Mortgage Insurance (PMI) is not required
BMO Harris Bank Physician Mortgage Program in Florida
- Eligible Medical Doctors: MD, DO, DDS, & DMD
- Highlights:
- Purchase and Rate/Term Refinance loans available.
- Primary Residences only.
- Detached single-family, two-unit/duplexes, Condos, and Townhouses eligible.
- No Private Mortgage Insurance required.
- Down Payment Requirements for borrowers with less 10 years of practicing:
- 0% down for loan amounts to $1MM
- 5% down for loan amounts to $1.5MM
- 10% down for loan amounts to $2MM
- Down Payment Requirements for borrowers with 10 or more years practicing:
- 10% down for loan amounts to $2MM
- 10, 15, 20, or 30-year fixed rate options available
- 5, 7, or 10-year ARM options available.
- 680 middle credit score from all borrowers required for $0 down.
- DTI up to 45% allowed
- H1B visa eligible
- Deferred student loans default to the IBR payment for underwriting.
