Physician Loan Florida

Whether or not you are a first time home buyer or buying a new home in Florida, our vetted loan officers have a solid understanding of the local real estate market and what it really requires to secure your physician mortgage with competency and know-how.

Our loan officers in Florida provide exclusive financing for doctors, like you.

First, let’s talk about why physician mortgage loans even exist. The main reason is that doctors are really profitable customers for lending institutions. They take out big loans early in their careers and almost always pay them off. Lenders use doctor loans to lock in early career doctors by lending them more money with a fewer number of terms than their competitors.

Physician Home Loan Experts In Florida

If you are looking for a physician mortgage in Florida then you came to the right place.

You’ve worked very hard to become a doctor and purchasing home shouldn’t be nearly as difficult.

Did you know there is a special loan that makes it easy for physicians to buy a home?

A home loan only for doctors?

Yup, doctors get their own loan!

A physician home loan is a customized loan program put together just for physicians in the home purchasing process.

We are aware of the economic demands of your student loan financial debt, and how crucial it is to maintain working capital for when the time is right with launching your career. Regardless if you are a couple years into practice, or a well established physician, you can depend on us to find a mortgage loan that is specially tailored for your needs.

A lot of physicians in Florida may not qualify for conventional loans for various reasons such as minimal savings for a down payment, big student loan debt or very little to no work history.

Despite these factors smart lending institutions know that doctors are a good choice because they traditionally have an extremely low default rate on loans, high earning potential and secure jobs.

Not all lenders offer this specialized product and within banks that do simply consulting with the best mortgage loan officer makes a tremendous difference.

Benefits of Physician Mortgage Loans

  • Typically does not include student loan regular monthly payments in debt-to-income percentage.
  • Usually requires small to no down payment (0-5 percent).
  • Typically does not call for private mortgage insurance (PMI), despite the fact that lower than 20 percent down payment.
  • Typically will accept a contract as evidence of future earnings, instead of pay stubs or W-2s, that don’t yet exist.

Purchasing a house doesn’t need to drain your savings and the process doesn’t have to drain your time.

Should You Put Cash Down?

Suppose you have some cash to put down or are considering waiting until you have the funds?

Our loan providers can do the math for you and show you what each scenario looks like and the benefits of each too.

In most circumstances, you’ll get your mortgage loan paid off earlier and save thousands of dollars on interest rates too.

Furthermore, don’t overlook that having equity in your house will likely provide more security and overall flexibility, especially if something unexpected happens. With the 100% financed physician mortgage loan, you should anticipate to start out underwater. If something does not work out and you are forced to sell quickly, you should be prepared to write a potentially large check for as much as 10% of the purchase price simply to get out of the home.

Regardless of whether you’re moving down the road, across town or across the country, we are here to assist you throughout the physician home mortgage process:: because you deserve it!

Doctors, get the home of your dreams with our Florida physician home loan program!

Top cities in Florida for a physician loan.

Cape Coral
Clearwater
Coral Springs
Davie
Fort Lauderdale
Gainesville
Hialeah
Hollywood
Jacksonville
Lakeland
Miami
Miami Gardens
Miramar
Orlando
Palm Bay
Pembroke Pines
Pompano Beach
Port St. Lucie
St Petersburg
Tallahassee
Tampa
West Palm Beach