Florida's booming population and no state income tax make it one of the top destinations for physicians relocating or starting their careers—and physician mortgage loans help doctors close on a home quickly without tying up capital in a down payment. From Miami's urban core to the growing medical communities of Tampa and Jacksonville, doctor loans are purpose-built for the Florida market.
Physician Mortgage Calculator — Florida Estimate
Pre-filled with Florida's $415,000 median home price. Adjust any field to see your numbers instantly.
0% available on physician loans
Physician Loan
0% down · no PMI
$2,692/mo
Principal & interest
Conventional
5% down · with PMI
$2,869/mo
P&I + PMI (years 1–11)
PMI You Save
over 11 years
$41,184
by avoiding PMI entirely
Physician Mortgage Lenders
All lenders below are publicly known to offer physician mortgage programs in Florida. Down payment minimums, loan limits, and features shown are for primary residence purchases. Always verify current terms directly with the lender.
| Lender | Min. Down Payment | Loan Limit | PMI | Notable Feature |
|---|---|---|---|---|
| BMO Bank | 0% | $1.5M | No PMI | Strong Florida footprint |
| Regions Bank | 0% | $1M | No PMI | Southeast-focused physician programs |
| Fifth Third Bank | 0% | $1M | No PMI | Employment contract accepted |
| Flagstar Bank | 0% | $1.5M | No PMI | Available statewide |
| Truist Bank | 0% | $1M | No PMI | Fast digital closing |
| Laurel Road | 0% | $1.5M | No PMI | Student loan-friendly DTI |
Why Florida
Florida's median home price of approximately $415,000 reflects a state that has seen rapid appreciation—especially in metros like Miami, Fort Lauderdale, Tampa-St. Petersburg, and Naples. For physicians buying in these markets, a 5% down payment on a $500,000 home still requires $25,000 upfront plus PMI of $400–$600 per month. A physician mortgage eliminates both, making immediate homeownership realistic even during residency or fellowship.
Florida's physician job market has never been stronger. A rapidly aging population—Florida has a disproportionate share of residents over 65—drives intense demand for cardiologists, orthopedic surgeons, neurologists, and geriatricians. Major health systems including AdventHealth, HCA, BayCare, Baptist Health, and Cleveland Clinic Florida all actively recruit physicians, often with signing bonuses that can supplement a physician mortgage down payment structure.
The combination of no state income tax and no PMI makes Florida uniquely favorable for physician home buyers. A physician earning $300,000 in Florida keeps roughly $20,000–$30,000 more per year than a similarly paid physician in California or New York after state taxes. Preserving a down payment with a physician loan further amplifies this advantage, keeping capital invested and compounding rather than locked in home equity.
Common Questions
Physician mortgage lenders with active programs in Florida include BMO Bank, Regions Bank, Fifth Third Bank, Flagstar Bank, Truist, and Laurel Road. Florida's large and growing physician workforce makes it an attractive market for lenders, so competition for your business is real—it pays to compare rates from at least three lenders before committing.
Yes. Physician mortgage loans are available across Florida, including high-demand metros like Miami, Fort Lauderdale, Tampa, St. Petersburg, Jacksonville, and Orlando. Miami in particular has seen strong price appreciation, with single-family medians in some neighborhoods well above $700,000. Physician mortgage programs typically accommodate these price points with 0–5% down up to $1.5 million.
Yes. Residents at Florida's training programs—including those affiliated with University of Miami, University of Florida, USF, and FAU—can typically qualify for physician mortgages. You'll need a signed residency contract, proof of your medical degree, and evidence of Florida medical licensure or pending application. Some lenders offer special terms for matched physicians who haven't yet received their license.
Florida's homestead exemption applies to primary residences and can reduce your property tax bill by up to $50,000 of assessed value—which is a significant benefit for physician home buyers. The exemption doesn't affect mortgage eligibility but does make Florida homeownership more affordable annually. You must establish Florida domicile and apply for the exemption through your county property appraiser's office after closing.
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