5 Best Doctor Loan Lenders in Florida

1. TD Bank

TD Bank runs a physician mortgage loan program covering residents, fellows, and dentists. Loan amounts reach jumbo territory (above the $766,550 conforming limit in most Florida counties), and TD removes PMI on qualifying applications. Their officers accept signed employment contracts as proof of income, which matters if you haven’t started earning your full salary yet. Credit score, debt-to-income ratio, and student payments all factor in, but TD’s physician loan underwriting is more flexible than a traditional mortgage. Expect competitive interest rates on both fixed-rate mortgage and adjustable-rate mortgage options.

2. Truist Financial

Truist Financial, formed by the BB&T and SunTrust merger, offers a program for medical professionals across the state of Florida. Their mortgage products include both fixed-rate and adjustable-rate choices with loan amounts up to jumbo loan levels. Truist handles student debt differently than most underwriters: instead of counting your full monthly student loan payment against your debt-to-income ratio, they use income-driven repayment figures. That one calculation change can mean the difference between qualifying and getting denied.

3. BMO

BMO’s program targets medical professionals purchasing a primary residence in Florida. They offer low down payment options, competitive mortgage rates, and the option to close before your employment start date. BMO also provides a rate discount for borrowers who set up automatic payments from a BMO checking account. Over the life of the loan, that discount adds up. Their mortgage loan originators walk you through every loan option and help you pick the best structure, whether you need a doctor home loan for a condo, townhome, or single-family house.

4. Liberty Federal Credit Union

Liberty Federal Credit Union provides medical professional products that include physician options in Florida. This nonprofit cooperative charges no insurance premiums and offers competitive rates on both conforming and jumbo ranges. Cooperatives like Liberty Federal often beat banks on pricing. Liberty Federal includes flexible underwriting for borrowers with high student loan debt and limited savings. If you want personalized service from a dedicated officer rather than a large bank’s call center, this is worth considering.

5. Regions Bank

Regions Bank offers physician mortgages to MDs, DOs, and dentists who want to purchase a home in Florida. Their physician home loan program features low down payment options, competitive loan rates, and flexible credit standards. Regions accepts residents and fellows, not just attending physicians. If you’re comparing doctor loans near me across multiple states, Regions operates throughout the Southeast, making them convenient for those who might relocate and want to refinance through the same lender.

How to Choose the Best Physician Mortgage in Florida

The right option depends on your specific financial situation. Here is what to compare:

• Amounts: Confirm the lender covers jumbo levels if you’re buying in Miami, Naples, or Palm Beach. Some programs cap at $1 million; others go to $2 million.
• Down payment: Most programs offer 0% to 5% down with no PMI. Check whether the low down payment applies to jumbo amounts or only conforming limits.
• Rate structure: Compare fixed-rate against adjustable-rate products. A 5/1 ARM saves money if you plan to sell or refinance within five years.
• Student debt treatment: Ask exactly how each lender calculates your payments in the debt-to-income ratio. This single factor disqualifies more physician borrowers than any other.
• Eligible professionals: Some programs cover only MDs and DOs. Others include dentists (DDS or DMD), podiatrists, optometrists, and other licensed medical professionals.

What Qualifications Do You Need for a Physician Program in Florida?

A physician loan in Florida typically requires a medical degree (Doctor of Medicine, DO, DDS, or DMD), a minimum credit score between 680 and 720, and either current employment or a signed contract. Most lenders accept residents, fellows, and practicing physicians. Some extend eligibility to other health professionals.

Your debt-to-income ratio matters, but these programs calculate it more favorably than conventional underwriting. Lenders often exclude deferred student loan payments or use 1% to 2% of the outstanding loan balance instead of the full monthly amount. In my experience working with medical professionals on applications, the biggest hurdle isn’t income or credit score. It’s documentation. Have your employment contract, medical license, and student statements organized before you apply.

Why These Programs Work Well in Florida

Florida has no state income tax, which boosts the effective buying power of every physician’s salary. Combined with a mortgage that waives insurance and requires minimal down payment, medical professionals can purchase a home sooner than they could with conventional financing in most other states.

Refinancing is another advantage. If rates drop or your financial situation improves after a few years of practice, you can refinance into better terms. You should also consider how a doctor equipment financing option fits your overall plan if you’re opening a private practice alongside buying a home.

Start by requesting pre-approval from two or three of these lenders so you can compare actual amounts, interest rates, and payment estimates side by side. Get your credit score, student balance, and employment contract ready before reaching out. If you’re finishing residency this spring, apply now. Florida’s real estate market moves fast, and pre-approvals typically lock rates for 60 to 90 days. Doctor loans in Florida give you the flexibility to act quickly when you find the right property.

Frequently Asked Questions About Physician Mortgages in Florida

What is a physician mortgage loan?

A physician mortgage loan is a home financing product designed specifically for physicians, dentists, and other medical professionals. It typically requires no private mortgage insurance, accepts low down payments (often 0% to 5%), and uses flexible underwriting that accounts for high student debt and early-career income patterns.

What credit score do you need for a doctor program in Florida?

Most lenders in Florida require a minimum credit score between 680 and 720. A score above 740 usually qualifies you for the lowest available rate. Some credit union programs accept scores as low as 680, while larger banks may set the floor at 700.

Can you refinance a doctor mortgage loan?

Yes. Many borrowers refinance after residency ends and their income increases. Refinancing can lower your interest rate, reduce your monthly mortgage payment, or shorten the repayment period. Several lenders offer streamlined refinancing for existing physician borrowers.

Do physician products have higher interest rates?

They sometimes carry rates 0.125% to 0.50% higher than conventional financing with 20% down. The tradeoff is that you’re putting little or no money down and skipping PMI. For most medical professionals, the total monthly cost still comes out lower than a conventional product with insurance included.

Who qualifies for physician financing in Florida?

Eligible borrowers typically include MDs, DOs, dentists (DDS and DMD), and sometimes podiatrists, optometrists, and other health professionals. Most lenders require a completed medical degree or enrollment in a residency program. Some programs also cover veterinarians and pharmacists, though eligibility varies by lender.