What Is a Physician Mortgage Loan?
A physician mortgage — also called a doctor loan — is a specialized home loan program designed specifically for medical professionals. It exists because physicians face a unique financial situation: high earning potential, but significant student loan debt and limited savings early in their careers.
Traditional mortgage underwriting penalizes high student debt and requires 20% down to avoid PMI. Physician mortgage programs are specifically designed to work around both of those obstacles — giving medical professionals access to homeownership at the moment they need it most: right when they're starting out.
What most physicians don't know: You can close on a home up to 90 days before your employment start date using a signed offer letter. You don't need pay stubs. You don't need to be in the job yet. And in most physician loan programs, your student loans are excluded entirely from your debt-to-income calculation.
What Physician Mortgage Programs Offer
Here's exactly what's different about physician loans compared to conventional mortgage programs.
No down payment required on many physician loan programs. Some programs offer 5% or 10% down options for higher loan amounts. You keep your savings for moving costs, furnishings, or your emergency fund.
Private Mortgage Insurance adds $100–$400/month to conventional loans when you put down less than 20%. Physician mortgage programs eliminate PMI entirely — saving you thousands over the life of the loan.
Most physician loan programs exclude student loan debt from your debt-to-income calculation entirely — or use a reduced monthly payment figure. This is the single biggest difference from conventional underwriting for most physicians.
You can qualify using a signed employment offer letter up to 90 days before your start date. No pay stubs, no W-2s, no employment history required. Perfect for residents and attendings relocating before their contract begins.
Physician loan programs typically allow loan amounts up to $1M–$2M+ depending on the lender and program. This covers the full range of Central Florida homes — from Kissimmee starter homes to Lake Nona Medical City luxury properties.
MD, DO, DDS, DMD, PharmD, DPM, OD, and many other medical designations qualify. Residents, fellows, and attendings all qualify. Some programs extend to veterinarians, nurse practitioners, and physician assistants. Ask Bernard which programs apply to your specific designation.
Relocating to One of These? Call Bernard First.
Central Florida is home to one of the fastest-growing medical corridors in the country. Here's where Bernard helps physicians find homes — and the neighborhoods closest to each facility.
UCF College of Medicine, Nemours Children's Hospital, VA Medical Center, and a growing cluster of research institutions. Homes typically $600K–$1.2M+. Physician loan limits up to $2M cover the full range.
One of the region's largest healthcare systems with campuses across Kissimmee and Celebration. Homes in surrounding communities range from $350K–$700K+ depending on neighborhood.
Multiple campuses across the Orlando metro including Arnold Palmer and Dr. Phillips. Popular physician relocation neighborhoods include Dr. Phillips, Windermere, and Winter Garden.
Serving the Kissimmee and Poinciana corridors. More affordable entry points for physicians — homes from $300K–$500K. Strong value in Kissimmee, St. Cloud, and Poinciana.
How Bernard Helps Physicians Close Fast
Most physicians relocating to Central Florida are under time pressure — contract start dates, residency orientation, family moves. Here's the process Bernard uses to close quickly and cleanly.
One conversation to understand your timeline, employer, designation, and budget. Bernard identifies which physician loan programs fit your specific situation.
Bernard connects you with physician mortgage lenders who understand medical careers. Pre-approval using your offer letter — no pay stubs required.
Bernard shows you homes matched to your commute, lifestyle, and budget. In-person or virtual tours available for out-of-state relocations. Full neighborhood analysis provided before you offer.
Bernard coordinates the entire closing process — inspections, title, lender communication. Most physician loans close in 21–30 days. You're in your home before orientation week.
Physicians Call Direct — Bernard Answers Personally
No forms. No wait. No call center. Tell Bernard your employer, your timeline, and your budget — and get a real answer in one call.
📞 Call or Text: 863.223.2294Bilingual · English & Spanish · Responds within the hour · Available 7 days
Physician Mortgage FAQ
Yes. Most physician mortgage programs are specifically designed for residents and fellows — not just attendings. Residency offer letters and signed contracts are accepted in lieu of pay stubs.
No. Physician mortgage programs exclude student loans from your debt-to-income ratio entirely, or use a significantly reduced monthly figure. This is the key advantage over conventional financing for most physicians.
Most physician loan programs allow you to close up to 90 days before your contract start date. Call Bernard as soon as you have your signed offer letter — the earlier you start, the more options you have.
Physician mortgage rates are typically slightly higher than conventional rates — but the absence of PMI and the 0% down requirement more than offset the rate difference for most buyers. Bernard will walk you through the math for your specific situation.
Yes. Bernard works regularly with out-of-state physicians relocating to Central Florida. Virtual tours, neighborhood video walkthroughs, and remote offer submission are all available. Many physicians close without ever visiting in person before signing.
Most programs cover DDS, DMD, PharmD, DPM, and OD designations. Some programs extend to nurse practitioners and physician assistants. Eligibility varies by lender — Bernard will match you to the right program for your specific designation.
Researching Where to Live in Central Florida?
The right neighborhood depends on your hospital, your commute, your lifestyle, and your budget. Here's where to go next.
Everything physicians need to know about Lake Nona Medical City — neighborhoods, home prices, commute times, schools, and what life actually looks like near the medical corridor.
Explore Lake Nona →The honest 2026 breakdown — traffic, taxes, neighborhoods, schools, and what catches relocating physicians off guard before they commit to an address.
Read the Kissimmee Guide →Tell Bernard your employer, timeline, and budget — he'll identify the right physician loan program, the right neighborhoods, and get you moving before your start date. Bilingual English & Spanish.
Book Free Consultation →"You spent a decade becoming a physician. You shouldn't have to spend another year figuring out how to buy a home. I make that part simple."
Ready to Close Before Your Start Date? Let's Build Your Plan Today.
Get My Free Physician Consult →Tell Me About Your Situation
Share your employer, timeline, and what you're looking for. Bernard will identify the right physician loan program and neighborhood match — and respond personally within the hour.
© 2026 Bernard Jackson · REALTOR® · ABR® · Florida Real Estate License #3324846 · LPT Realty
(863) 223-2294 · bernardjacksonrealtor@gmail.com
Physician mortgage program details vary by lender. Information is not guaranteed. Equal Housing Opportunity. This is not a solicitation if your home is currently listed with another broker.
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