Physician Mortgage Lenders in Florida (2026)

Florida has no state income tax, a large physician workforce, and home prices that push many physician purchases past the conforming loan limit, which FHFA set at $832,750 for most counties in 2026. Above that line a conventional buyer needs a jumbo loan, usually with a larger down payment; a physician mortgage can cover the same purchase with little or nothing down and no mortgage insurance.

An earlier version of this page listed lender terms we could not trace to the lenders themselves, including a TD Bank “ARM only” claim (TD offers fixed rates) and 0% down from BMO (which caps Florida at 95%). Every term below now comes from the lender’s own program page and, for where it lends, its own branch pages. Lenders we have reviewed in depth link to the full review.

Physician mortgage lenders in Florida

Which lender, for whom

• •Resident or fellow buying under $1 million: Regions, TD Bank, and Truist publish 0% down and name trainees. Truist is the only one that publishes how it counts student loans (excluded if deferred 12 months or more).
• •You want a 30-year fixed: TD Bank and Fifth Third publish fixed rates. BMO does too, at 5% down in Florida.
• •Buying above $2 million: Fifth Third (to $2.5 million) and SouthState (to $3 million at 90%).
• •A second home or a place near a new job while you sell: SouthState, at 90% to $2 million.
• •Nurse practitioner, PA, CRNA, pharmacist, or optometrist: Flagstar names all five, and so does Regions’ Emerging Professionals Program, for your first seven years in practice.
• •Veterinarian or optometrist: Fifth Third names DVM and OD; SouthState names veterinarians.

The BMO exception

BMO’s physician program is one of the few that publishes fixed-rate options and a 90-day window between closing and your start date. But its disclosure lists Florida among eight jurisdictions (with California, DC, Hawaii, Idaho, Maryland, Nevada, and Rhode Island) where financing is capped at 95%. On a $700,000 home that is $35,000 down. If 0% down is the reason you want a physician loan, quote another lender first; if a fixed rate at 5% down suits you, BMO belongs on the list. Details are in our BMO review.

Condos

After the Surfside collapse, Florida law began requiring milestone structural inspections for condominium buildings three or more habitable stories tall, first by the end of the year the building turns 30 and every 10 years after, and structural integrity reserve studies for associations. Those rules have raised assessments and dues across the state, and they matter to your loan: physician programs run a project review on condos much like conventional lenders do, and a building with an unfinished inspection, underfunded reserves, or pending litigation can fail it.

Before you make an offer on a condo, ask the lender to review the building, and ask the association for its most recent milestone inspection and reserve study. TD Bank and Flagstar name condominiums as eligible property types (Flagstar requires the project to be warrantable); the others don’t say on their program pages.

Insurance and the payment

Lenders qualify you on the full housing payment, which includes homeowners insurance, and in a flood zone, flood insurance: in FEMA’s high-risk A and V zones, a federally backed mortgage requires a flood policy. Florida premiums vary widely by county, construction, and distance from the coast, and they can change a debt-to-income ratio as much as the rate does. Get an insurance quote, and a flood-zone determination for any coastal or low-lying property, before you write an offer, not after the appraisal.

Florida’s lack of an income tax helps your budget but not your approval: lenders qualify you on gross income, the same as in any other state. What it changes is how comfortable the payment feels once you own the home.

Physician loan vs. jumbo

In South Florida and on the Gulf Coast, many physician purchases run past $832,750 (the limit in most counties; FHFA sets higher limits in a few high-cost areas), where a conventional buyer needs a jumbo loan. Fannie Mae and Freddie Mac don’t buy loans above that limit, so each jumbo lender sets its own down payment and reserve rules; physician programs publish 5% down to $1.5 million (Truist, TD) and 90% to $3 million (SouthState) with no mortgage insurance. Get both quotes on the same day: at 20% down with strong reserves, a jumbo can price below a physician loan. The trade-off is laid out in physician mortgage vs. conventional.

What to ask every lender

• 1.“Do you lend on a physician loan in my county, and what is my down payment at this price?”
• 2.“How do you count my student loans: deferred, income-driven, or 1% of the balance?”
• 3.“Is a 30-year fixed available, or only adjustable?”
• 4.“How many days before my start date can we close, and what do you need from my contract?”
• 5.“If it’s a condo, will you review this building before I make an offer?”

Rates aren’t published for any of these programs. This week’s national benchmark is on our mortgage rates page; get written quotes from two or three lenders on the same day and compare the rate, points, and closing costs together.