Physician Mortgage Lenders in Florida (2026): The Complete Guide for Doctors Buying in the Sunshine State
The ultimate guide to Florida's best physician mortgage programs in 2026, featuring loan limits, condo eligibility, and specific lenders across the state.
The Short Answer
Florida is one of the best states in the country for physicians to buy a home — and not just because of the weather. There are approximately 73,000 active physicians in Florida, making it one of the largest physician workforces anywhere in the country. The state has no income tax, a large and active physician mortgage lending market, and in 2026, a housing market that has shifted meaningfully in buyers' favor.
The physician mortgage market in Florida is among the most competitive in the United States, with more lenders offering programs than most other states and loan limits that reach $2 million or more with minimal down payment requirements.
If you are a physician, resident, or fellow planning to buy in Miami, Tampa, Orlando, Jacksonville, or anywhere in between, this guide covers exactly which lenders serve Florida, what their programs offer, how they handle the Florida market's specific dynamics, and what to watch for before you sign.
Why Physician Mortgages Make Particular Sense in Florida
Before reviewing the lenders, the financial context for why physician mortgages are especially valuable in Florida specifically:
- •No state income tax. Florida has no personal state income tax. A physician earning $380,000 in Florida takes home approximately $41,000 more per year than a comparable physician earning the same salary in California after state income taxes. That structural advantage compounds dramatically over a career — money that can service a larger mortgage, build equity faster, or fund investments rather than flowing to a state government.
- •Loan amounts that exceed conventional conforming limits. In 2026, jumbo loans in Florida for 1-unit properties start at $832,751. Physician mortgage programs offer up to $2.5 million in financing — which is particularly relevant in Miami, South Florida's coastal markets, and certain Tampa and Orlando submarkets where desirable physician-appropriate homes regularly exceed the conforming loan threshold.
- •A buyer-favorable market in 2026. In March 2026, the statewide median sale price was $417,000, with homes spending a median of 77 days on market — up significantly from prior years. That extended time on market translates to negotiating leverage, motivated sellers, and in many cases the ability to buy at or below asking price that simply did not exist in 2021 and 2022. The combination of a physician mortgage's favorable terms and a buyer's market creates genuine buying opportunity for physicians currently in the market.
- •Condo-specific risks worth knowing. Florida's condo market is navigating significant disruption in 2026 from post-Surfside legislation requiring mandatory structural inspections and increased reserve funding. Many Florida condo associations are carrying pending assessments and inspection requirements that affect appraisals, HOA dues, and financing. Physician mortgage loans generally follow conventional guidelines on condo eligibility — meaning non-warrantable condos in buildings with structural issues or inadequate reserves may not qualify. If you are considering a condo purchase in Florida, verify condo eligibility with your lender early in the process.
Florida Physician Mortgage Lenders: The 2026 Guide
The following lenders offer physician mortgage programs that are available in Florida as of April 2026. Program terms change — always confirm directly with the lender before applying.
Regions Bank
Best for: Physicians and dentists in all career stages seeking 100% financing with no income history requirements.
Regions Bank offers one of the most straightforward physician mortgage programs in Florida. The Regions Doctor Loan is available to MDs, DOs, DMDs, DDS, and practicing physicians regardless of how many years they have been in practice — no minimum tenure requirement. That flexibility makes it useful for both new attendings and established physicians alike.
Program details:
- Up to $750,000 with 0% down payment
- Up to $1,000,000 with a small down payment
- No PMI required
- Student loans excluded from DTI calculation
- Primary residences only
Fifth Third Bank
Best for: Residents, fellows, and established physicians seeking flexible income documentation and high loan limits.
Fifth Third Bank operates in Florida and has one of the more expansive eligible profession lists in the physician mortgage space. The program extends to MDs, DOs, DDS, DMD, DPM, DVM, and OD degree holders.
Program details:
- Up to $1,000,000 with 0% down for established physicians
- Up to $1,000,000 with 0% down for residents and fellows
- Up to $2,000,000 with a low down payment
- No PMI required
- Employment contract start date must be within 90 days of closing
- Student loans in deferment for 12+ months excluded from DTI
BMO Bank
Best for: Physicians with 700+ credit scores seeking ARM loan options and flexibility on down payment at higher loan amounts.
BMO Bank's physician loan program is available in Florida and offers one of the more distinctive product menus in the space.
Program details:
- Up to $1,000,000 with 0% down (FICO 700+)
- Up to $1,500,000 with 5% down
- Up to $2,000,000 with 10% down
- No PMI on all loan sizes
- No income history required for approval
- Available as 3/1, 5/1, 7/1, or 10/1 ARM — or fixed-rate in 10, 15, 20, and 30-year terms
- Eligible degrees: MD, DDS, DMD, DO
TD Bank
Best for: Established residents (2+ years complete) and attending physicians seeking 100% financing up to $1 million.
TD Bank operates a physician mortgage program in Florida targeting MDs, DOs, DPMs, DDS, DMDs, and oral surgeons. Importantly, residents must have at least two years of training completed to qualify — a restriction that some other lenders do not impose.
Program details:
- 100% financing up to $1,000,000 (credit score 720+)
- 95% financing up to $1,500,000
- 89.99% financing up to $2,000,000
- ARM options including 5/1 and 7/1
- No fixed-rate option — ARM only
- Primary residence only
First Horizon Bank
Best for: Attending physicians (not residents) seeking flexible jumbo financing up to $2.5 million in Florida's luxury markets.
First Horizon is available in Florida and is notable for one of the highest loan limits in the physician mortgage space — up to $2.5 million with low down payment requirements. Important note: First Horizon's physician home loan program does not include residents.
Program details:
- Loan limit up to $2,500,000
- Low or no down payment options for eligible physicians
- No PMI required
- MD, DO eligibility
- Residents not eligible
USF Credit Union
Best for: Physicians in the Tampa Bay and Central Florida markets seeking 100% financing on loans up to $850,000 with local service.
Program details:
- Up to 100% financing on loans up to $850,000
- No PMI
- Fixed and adjustable-rate options
- Available to licensed and certified medical professionals broadly
- Primary residences in Florida only
SouthState Bank
Best for: Physicians in Central Florida and the Southeast seeking 100% financing up to $1.5 million with resident eligibility.
Program details:
- Up to 100% financing to approximately $1.5 million
- No PMI
- Open to residents and fellows
- Competitive for primary residences across the Central Florida region
PrimeLending & KeyBank
PrimeLending operates a physician mortgage program in Florida with one of the broadest eligible professional lists available (including MD, DO, DDS, DMD, PharmD, VMD, DPM, CRNA, and residents/fellows). Useful for dual healthcare professional households.
KeyBank's physician mortgage program is explicit about resident and fellow eligibility, making it a strong option for physicians in Florida training programs. It also explicitly includes clinical professors and researchers.
Florida Market by City: What Physicians Are Actually Paying
Physician mortgage loan amounts are determined partly by what homes actually cost in your target market. Here is current pricing data for Florida's major physician employment markets as of April 2026:
| Market | Median Home Price | Physician Mortgage Relevance |
|---|---|---|
| Miami / South Florida | $574,000 (Miami-Dade) | Frequently above conforming limit. Physician mortgage loan limits of $1M+ are often needed for desirable neighborhoods. Coastal condo issues relevant. |
| Tampa Bay | ~$400,000 | Most physician purchases well within standard physician mortgage limits. Strong physician mortgage lender competition in Tampa market. |
| Orlando / Central Florida | ~$410,000–$430,000 | Strong physician employment base at AdventHealth, Orlando Health, and UCF Health systems. Central Florida market favors buyers with extended days on market. |
| Jacksonville | ~$237,000–$280,000 | Most affordable major Florida physician market. Strong physician workforce. 100% financing on physician mortgage covers virtually all standard purchases. |
| Fort Lauderdale / Palm Beach | $500,000–$700,000+ | Similar to Miami dynamics. Coastal markets premium priced. International buyer competition. |
| Naples / SW Florida | $600,000–$900,000+ | High cost-of-living market with wealthy retiree patient population. Physician mortgage high loan limits relevant. Insurance costs elevated. |
Florida-Specific Issues to Know Before You Apply
Homeowners Insurance
Florida's property insurance market is one of the most challenging in the country and one that most physician mortgage resources do not address. For physicians evaluating Florida home purchases, homeowners insurance cost should be modeled before making an offer — not discovered after closing. A beachfront property in Miami that costs $5,000 per year in homeowners insurance in 2020 may cost $12,000 to $18,000 or more in 2026. That annual difference affects your debt-to-income ratio in some loan programs and materially affects your true monthly housing cost.
Flood insurance is a separate, additional cost in most coastal Florida markets. Ask your real estate agent for the flood zone designation and a flood insurance quote before making any offer on a Florida property in coastal or low-lying areas.
The Florida Condo Market
After the tragic events in Surfside, state law reshaped reserve funding, requiring many condo associations to complete costly milestone inspections and set aside larger funds for future repairs by 2025 and 2026. For physician mortgage borrowers considering condos: most physician mortgage programs follow conventional or jumbo underwriting guidelines on condo eligibility, which means buildings with pending litigation, inadequate reserves, or incomplete structural inspections may not qualify. Before falling in love with a Florida condo, ask your lender whether the specific building is warrantable and eligible under their physician program.
The No-Income-Tax Advantage
Florida's no-income-tax status affects physician mortgage qualification in a positive way. When lenders calculate your qualifying income for a physician mortgage, they use gross income. But the take-home pay your mortgage payment actually comes from is significantly higher in Florida than in high-tax states. A physician earning $380,000 in Florida takes home approximately $277,000 after federal taxes. The same physician in California takes home approximately $236,000. The Florida physician has $41,000 more annually in actual take-home income to service the same mortgage obligation.
How to Compare Florida Physician Mortgage Lenders
Shopping physician mortgage lenders in Florida involves comparing several variables simultaneously. Here is the framework:
- 1.Confirm Florida availability. Confirm the lender is licensed and active in Florida and serves your specific market.
- 2.Match the loan limit to your target price. If you are buying in Miami at $900,000, your lender list narrows to programs offering high jumbo physician mortgage limits — First Horizon at $2.5M, BMO at $2M with 10% down, TD Bank at $2M with 10% down.
- 3.Confirm resident/fellow eligibility if applicable. If you are a resident or fellow, First Horizon is explicitly not an option. Fifth Third, KeyBank, Regions, SouthState, and PrimeLending all include residents and fellows.
- 4.Rate shop actively. Physician mortgage rates vary by 0.25 to 0.50 percent across lenders — getting quotes from three to five lenders can save $50,000 or more over the life of a 30-year loan.
- 5.Evaluate ARM vs fixed for your holding period. Florida physicians who plan to stay in their home for fewer than 7 years should seriously model a 7/1 ARM.
- 6.Ask about condo eligibility before making offers. If your search includes condo properties, confirm with your lender that their physician mortgage program accepts condos.
The Physician Mortgage vs. Conventional Decision in Florida
The physician mortgage vs. conventional loan analysis applies the same way in Florida as elsewhere, with one Florida-specific nuance:
Florida physician mortgages compete particularly well against conventional jumbo loans. In Miami, Palm Beach, and Naples — markets where $800,000 to $1.5 million homes are common physician purchases — conventional loans above the $832,751 conforming limit require jumbo financing with typically 10 to 20 percent down. A physician mortgage in the same amount can be obtained at 5 to 10 percent down with no PMI — often at rates that are competitive with or better than conventional jumbo rates.
What to Do Right Now if You Are Buying in Florida This Spring
Spring is the peak buying season in Florida. Listing activity increases from February through June, and physician home buyers who want the best selection should be pre-approved and actively searching now rather than waiting.
- •Step 1: Get pre-approved before you start searching. A physician mortgage pre-approval takes 1 to 3 business days at most lenders and establishes your realistic budget.
- •Step 2: Get pre-approved at multiple lenders simultaneously. Rate differences of 0.25 to 0.375 percent between lenders are common in the physician mortgage market.
- •Step 3: Factor insurance costs into your budget. Before making any offer, get a homeowners insurance quote on the specific property.
- •Step 4: If you are a resident, verify the timing window. Most physician mortgage lenders allow you to close using a signed attending contract with a start date 60 to 90 days out.
For a full comparison of physician mortgage lenders nationally including rate data and program details, see our physician mortgage lender comparison page.
Use our Physician Mortgage Calculator to model your estimated monthly payment, PMI savings versus a conventional loan, and break-even comparison across different down payment scenarios.
Related reading: Do Residents Qualify for a Physician Mortgage? · Physician Salary After Taxes
Frequently Asked Questions
Which lenders offer physician mortgages in Florida?
Multiple major lenders offer physician mortgage programs in Florida in 2026, including Regions Bank, Fifth Third Bank, BMO Bank, TD Bank, First Horizon Bank, KeyBank, PrimeLending, USF Credit Union, and SouthState Bank among others. Program availability varies by specific market within Florida — confirm that the lender serves your target city before applying.
Can residents get a physician mortgage in Florida?
Yes — most Florida physician mortgage lenders accept residents and fellows. Fifth Third Bank, Regions Bank, KeyBank, PrimeLending, and SouthState Bank all explicitly include residents and fellows. First Horizon Bank does not include residents. If you are a resident, confirm eligibility directly before applying and ask about the start date timing requirement for closing before your attending position begins.
What is the maximum loan amount for a physician mortgage in Florida?
Loan limits vary by lender. First Horizon offers the highest limit at $2.5 million with low down payment requirements. BMO Bank goes to $2 million with 10% down. TD Bank reaches $2 million with approximately 10% down. For purchases below $1 million, most physician mortgage lenders in Florida can accommodate with 0% to 5% down depending on the specific loan amount and credit profile.
Do physician mortgages cover condos in Florida?
Physician mortgages follow conventional guidelines on condo eligibility in most cases. Florida condos with structural inspection issues, inadequate reserves, pending litigation, or non-warrantable status may not qualify. Verify condo eligibility with your specific lender before making an offer on any Florida condo. This is particularly relevant in the South Florida condo market where post-Surfside legislation has created inspection and reserve requirements affecting many buildings.
Is a physician mortgage better than a conventional loan in Florida?
For most Florida physicians buying with less than 20% down, yes — particularly in high-cost South Florida markets where purchases frequently involve jumbo loan amounts. The physician mortgage's elimination of PMI, flexible student loan DTI treatment, and ability to use a signed contract as qualifying income combine to produce meaningfully better terms than a conventional loan for physicians in early career stages. For physicians with 20% down and no student loan DTI issues, a conventional loan may offer a lower rate.
What credit score do I need for a Florida physician mortgage?
Most Florida physician mortgage lenders require a minimum credit score of 680 to 700. BMO Bank requires 700+. TD Bank requires 720+ for 100% financing. For the best rates on any physician mortgage program, target 740 or higher — the rate improvement from 700 to 740+ can be 0.125 to 0.25%, which on a $700,000 loan represents $20,000 to $40,000 in total interest savings over the loan term.
Disclaimer: Physician mortgage program terms, eligibility requirements, loan limits, and rate information are subject to change at any time. Program availability varies by lender, borrower profile, and specific market within Florida. Always verify current terms directly with lenders before making any mortgage decisions. This article is for educational and informational purposes only and does not constitute mortgage or financial advice. MedMoneyGuide earns commissions from some lenders featured on this site. This does not influence our editorial content.
Editorial Credibility
J.R. Dunigan, DO | Family Medicine Physician & Founder
I founded MedMoneyGuide to provide physicians with unbiased, specialty-specific financial guidance. My goal is to add transparency and credibility to your financial journey.