10 Physician Loans in SE Florida to Choose From to Purchase a Home
If you're a physician in Florida looking for mortgage options tailored to your needs, you'll find that many national and regional lenders offer physician loan programs in the state. These programs typically have features like low down payments, no private mortgage insurance (PMI), and flexible debt-to-income ratios. Here are some lenders that commonly offer physician loan programs in Florida:
Here are 10 Lending institutions that commonly offer physician loans or mortgage programs tailored to medical professionals in Florida with no private mortgage insurance.
1. Bank of America: Bank of America offers a Medical Professional Mortgage program for your primary residence; 95% LTV up to 1 Million, 90% LTV up to 1.5 Million, with no private mortgage insurance.
2. US Bank: US Bank offers a Medical Professional Mortgage program allows 95% LTV up to 1 Million, 90% financing up to 1.5 Million, 85% LTV up to 2 Million, 75% financing up to 2.5 Million with no private mortgage insurance (PMI)
3. Truist: Truist offers a Medical Professional Mortgage program allows 100% LTV up to 1 Million, 95% financing up to 1.5 Million, 89.99% LTV up to 2 Million with no private mortgage insurance (PMI)
4. Fifth Third Bank: Fifth Third Bank has a Doctor Loan program for those with a 720 credit score catering to physicians, dentists, and veterinarians with special financing options, allows 95% LTV $750,000 up to 1 Million, 85% financing 1 Million up to 1.5 Million, with no private mortgage insurance (PMI)
5. BMO Harris Bank: BMO Harris Bank with a minimum 700 credit score offers physician home loans allows 100% LTV up to 1 Million, 95% financing up to 1.5 Million, 90% LTV up to 2 Million with no private mortgage insurance (PMI) 6. Huntington Bank: Huntington Bank offers physician mortgage loans to Medical doctors, Veterinarians and Dentists allows 100% LTV up to 1 Million, 95% LTV up to $1,250,000, 90% LTV up to 2 Million, with no private mortgage insurance (PMI).
7. TD Bank: TD Bank 100% LTV up to 1 Million, 95% financing up to 1.5 Million, 89.9% LTV 1.5 Million up to 2 Million with no private mortgage insurance (PMI).
8. Flagstar Bank: Flagstar Bank offers a Doctor Loan Program with features like no PMI and flexible underwriting for medical professionals, 100% LTV up to 1 Million, 95% financing up to 1.5 Million with no private mortgage insurance (PMI)
9. South State Bank – features 100 % LTV up to $1,250,000, 95% LTV to $1,500,000 and 90% LTV up to $2,250,000
10. First Horizon Bank -features 100 % LTV up to $1,500,000, 95% LTV to $2,000,000 and 90% LTV up to $2,500,000
