Best Physician Mortgage Loans in Florida (2025)

TL;DR:
If you’re a physician buying in Florida, doctor mortgages can get you in the door faster: 0–5% down, no PMI, flexible student-loan treatment, and job-offer qualifying. The five standouts you asked to feature—Alliant CU, Lake Michigan CU, Wintrust Mortgage, South State Bank, and BCU—offer strong options across career stages (resident → attending) with competitive max loan amounts.

Top Florida Physician Mortgage Lenders

1) Alliant Credit Union (Medical Professional Loan)

Why it stands out: Big loan tiers with no PMI, nationwide footprint (except MD), and 90-day early closing on an offer letter.
Core terms (from your data):

• 100% to $1.25M, 95% to $1.5M, 90% to $2.0M
  
• No PMI, DTI up to 45%, min FICO 700
  
• Close up to 90 days before employment start
  
• Training-time limit: none (no “within 10 years” rule)
  
• Student loans: omit if deferred ≥12 months; can use IBR if not deferred
  
• Property types: single family, condos, two-unit owner-occupied; warrantable and non-warrantable condos allowed
  
• Borrower types: US citizens, PR, non-permanent residents, foreign nationals

Best for: Residents/fellows and attendings who want maximum flexibility on student loans and property type without PMI.

2) Lake Michigan Credit Union (Doctor/Dentist Program)

Why it stands out: Aggressive 0% down tiers up to $1.25M, no reserves, no MI, and CP (construction-to-perm) loans available in Florida.
Core terms (from your data):

• 0% to $1.25M, 5% to $1.5M, 10% to $1.75M; loan amounts to $2.5M
• No mortgage insurance, no minimum cash after closing
  
• Deferred student loan debt not included in qualifying
  
• Professions: MD, DO, DDS, DMD, CRNA, DPM
  
• All mortgages serviced by LMCU (single point of contact)
  
• Construction-to-perm available in FL

Best for: Borrowers prioritizing low cash to close and value in-house servicing + FL construction-to-perm.

3) Wintrust Mortgage (Doctor Program)

Why it stands out: Low down payments across high price points; contract income and student-loan flexibility.
Core terms (from your data):

• 0% to $850K, 3% to $1.2M, 5% to $1.5M, 10% to $2.0M
  
• Uses contract income; ignores student loans if no payment due for 12 months
  
• Professions: MD, DO, DDS, DMD, DVM, DC, DPM, Pharmacist

Best for: Physicians with offer letters, big student loans, or evolving 1099 plans who need speed + flexibility.

4) South State Bank (Physician Loan)

Why it stands out: True 100% financing to $1.5M, no PMI, and permits second homes.
Core terms (from your data):

• 100% to $1.5M, 95% to $2.0M, 90% to $2.5M
  
• No PMI; primary or secondary residence eligible
  
• Professions: MD, DO, DDS, DMD, Resident, Fellow, DVM
  
• Standard credit approval and portfolio guidelines apply

Best for: Attendings wanting high limits with $0 down and the option for a second home.

5) BCU (Medical Professionals Mortgage)

Why it stands out: Broad eligibility, up to 100% financing with no MI, and student-loan exclusions in DTI. Portfolio depth includes HELOC, bridge, and construction.
Core terms (from your data):

• Up to 100% financing, no mortgage insurance
  
• Student loans may be excluded from DTI in certain cases
  
• Portfolio menu: home equity, bridge, construction
  
• Professions: MD, DO, DDS, DMD, Residents/Fellows, PA, NP, OD, Pharmacist

Best for: Physicians who want maximum financing and ancillary tools (bridge/HELOC/CP) from a credit-union relationship.

Quick Comparison: Florida Doctor Mortgage Programs

*BCU max varies by credit, LTV, and product selection.

Conventional vs. Physician Mortgage (Florida)

• If you can comfortably put 20% down, a conventional mortgage often delivers lower rates/fees and lower lifetime cost.
  
• If you can’t or prefer not to put 20% down (or need offer-letter qualifying / student-loan flexibility), a physician mortgage is typically the best non-20%-down path—no PMI, easier underwriting, and high LTVs.

Is a Physician Mortgage Right for You?

Choose a doctor loan if you need one or more of the following:

• $0–5% down with no PMI
  
• Offer-letter qualifying before start date
  
• Flexible handling of student loans (deferment/IBR)
  
• High loan amounts without tying up savings

Next Step

At Dr. Home Finance, we match Florida physicians to the right banker the first time. Tell us your target price, start date, and student-loan profile—we’ll route you to Alliant CU, LMCU, Wintrust, South State, or BCU based on fit.

👉 Get Matched with a Verified Florida Physician-Mortgage Lender

FAQs (Florida Physician Mortgages)

Do Florida physician mortgages require PMI?
No. A key feature across these programs is no PMI even with low/no down payment.

Can I close before my job starts?
Yes—programs like Alliant allow closing up to 90 days before your start date with a signed contract/offer letter.

How are student loans treated?
Varies by lender. Examples:

• Alliant: omit if deferred ≥12 months; use IBR if not deferred.
  
• LMCU: deferred loans excluded.
  
• Wintrust: may ignore loans if no payment due for 12 months.
  
• BCU: may exclude in certain cases.
  
• South State: program-specific flexibility.

Are condos or two-unit homes eligible?
Yes, but rules vary. Alliant allows condos (even non-warrantable) and two-unit owner-occupied. Others limit to primary SFR/condo; verify property type early.

Who qualifies—residents, fellows, dentists, PAs/NPs?
Yes, with lender differences. All five include MD/DO; Alliant/LMCU/Wintrust/BCU lists extend to dentists and commonly NP/PA/OD/Pharmacist. South State includes Residents/Fellows and DVM.