Florida Physician Mortgage — What Doctors Need to Know in 2026
Physician mortgage Florida: how the loan works, who qualifies, down payment rules for new attendings, and how to get one before you start your first job.
Educational content only. This article is for informational purposes and does not constitute financial, legal, or lending advice. Loan programs, rates, and eligibility requirements change frequently. Consult a licensed mortgage professional before making any borrowing decision. Mortgage Capital | NMLS# 1859012 | Licensed in Florida.
A physician mortgage in Florida works differently from a conventional loan. It's designed for medical professionals who earn well but look risky on paper — high student debt, new employment, and limited cash reserves. A physician mortgage Florida program accounts for all of that.
Why Doctors Get Special Loan Terms
Standard underwriting penalizes student loan debt heavily. A new attending physician with $250,000 in student loans would see a massive debt-to-income hit on a conventional loan.
Physician mortgage programs handle student debt differently. Many lenders exclude deferred student loans from the DTI calculation entirely. Others use an income-based repayment figure rather than the full amortized payment. That change alone can shift a DTI from failing to passing.
Who Qualifies
Most Florida physician mortgage programs cover MDs, DOs, dentists, and veterinarians. Some extend to podiatrists, pharmacists, and other advanced-degree medical professionals. Residents and fellows qualify at many lenders — you don't need to be an attending yet.
Employment start dates matter. Many lenders accept a signed employment contract as proof of income, even if you haven't started yet. That's critical for new attendings who want to buy before their first paycheck.
Down Payment and Loan Limits
Physician mortgages typically allow 0–10% down with no PMI. That's the main appeal. You can buy a $900,000 home with $90,000 down and no mortgage insurance added to your payment.
Loan limits vary by lender. Most Florida physician programs go up to $1.5 million with 5–10% down. Above $2 million you'll typically need 20% or more.
Applying for a Physician Mortgage in Florida
The process is similar to any mortgage. You'll need your employment contract or recent pay stubs, tax returns, bank statements, and documentation of your student loans.
South Florida's medical centers — Cleveland Clinic, Baptist Health, Jackson Health — regularly relocate physicians who need financing quickly. We specialize in physician mortgages in Palm Beach, Broward, and Miami-Dade counties and can close on tight timelines.