What credit score do I need for a physician loan?

Most physician loan programs require a minimum credit score of 680-700. Some lenders accept 680 for loans under $750K.

Can medical residents qualify for a physician loan in Florida?

Yes. Residents and fellows with a signed employment contract or offer letter can qualify for a physician mortgage loan in Florida.

Do physician loans have higher interest rates?

Physician loan rates are typically comparable to conventional rates, sometimes slightly higher (0.125-0.25%). The savings from no PMI usually outweigh any rate difference.

Financing Options

Physician Home Loans

Designed for medical professionals. No PMI, flexible student debt calculations, and employment contracts accepted — tailored for the unique financial profile of physicians in Florida and Georgia.

Why Physician Loans?

Traditional lenders see high student debt and deny you. Physician loan programs see your earning trajectory and invest in your future.

No Down Payment or Low Down Payment

Many physician loan programs offer 0% down on loans up to $750K-$1M, or just 5-10% down on higher amounts — no PMI required.

Student Debt Flexibility

Physician loans use income-based repayment amounts (not full loan balance) when calculating your debt-to-income ratio, dramatically improving your buying power.

Employment Contracts Accepted

Close on your home before your start date. Lenders accept signed employment contracts as proof of income — ideal for residents and fellows transitioning to practice.

No PMI Despite Low Down Payment

Unlike conventional loans, physician loan programs waive PMI even with 0-10% down, saving $200-$500+ per month.

Who Qualifies?

Physician loans are available to licensed or soon-to-be-licensed medical professionals.

Medical Doctors (MD)

Doctors of Osteopathic Medicine (DO)

Dentists (DDS/DMD)

Podiatrists (DPM)

Optometrists (OD)

Veterinarians (DVM) — select lenders

Residents, Fellows, and Attending Physicians

Physicians within 10 years of completing residency (varies by lender)

How It Works

Verify Eligibility

Confirm your medical credential qualifies and review your timeline. We work with lenders experienced in physician programs across Florida and Georgia.

Get Pre-Approved

Even with student debt exceeding $200K+, physician loans look at your income trajectory. Pre-approval takes as little as 48 hours with an employment contract.

Find Your Home

Whether you're relocating for residency in Miami or starting practice in Atlanta, a Wynnmore agent knows the neighborhoods physicians prefer.

Close With Confidence

Physician loans close smoothly with the right lender. We coordinate the timeline around your start date and relocation needs.

Frequently Asked Questions

What credit score do I need?

Most physician loan programs require a minimum of 680-700. Some lenders accept 680 for smaller loan amounts under $750K.

How is student debt handled?

Physician loans use your income-based or income-driven repayment amount — not the full balance — when calculating DTI. A $300K student loan balance with $400/month IBR payment counts as $400, not the full balance.

Can I close before my start date?

Yes. Most physician loan lenders accept a signed employment contract or offer letter as proof of income, allowing you to close 60-90 days before your start date.

Are rates higher than conventional loans?

Physician loan rates are typically 0.125-0.25% higher than conventional rates. However, the elimination of PMI ($200-$500+/month) more than offsets this difference.

Can I buy a home during residency?

Absolutely. Physician loan programs are specifically designed for this. Residents and fellows are eligible with a signed contract showing their compensation.

Ready to Use Your Physician Loan Benefit?

We'll connect you with a physician-friendly lender and find the right home near your practice in Florida or Georgia.