Physician Home Loans in Orlando, Florida
Orlando built a medical district from scratch, and the physicians filling it are mostly arriving from somewhere else.
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Lake Nona Medical City is unusual — a purpose-built medical district that went from empty land to a teaching hospital, a medical school and a children's hospital in a compressed span. The result is an Orlando physician population weighted heavily toward relocation, with signed contracts and start dates rather than local employment history.
That profile suits contract-based qualifying almost perfectly, and it means timing questions dominate. Most of what I do for Orlando borrowers is sequencing: aligning a close date against a start date, a lease end, and sometimes a sale in another state. None of it is difficult, but it does need to be planned in a specific order, and the planning should start well before you are house-hunting.
- AdventHealth Orlando
- Orlando Health and Orlando Regional Medical Center
- Nemours Children's Hospital
- UCF College of Medicine at Lake Nona Medical City
What the program reaches in Orlando
Run a Orlando payment — it checks your price against the program tiers and shows the mortgage insurance you avoid.
| Credit score | Loan up to | Mortgage insurance | |
|---|---|---|---|
| 720+ | $2,000,000 | None | Smallest down payment available at every loan size |
| 680+ | $2,000,000 | None | Smallest down payment available up to a lower loan size |
There is a floor as well as a ceiling. This program is only for buyers putting a small amount down — so if you have a large down payment saved, this is not your program and a conventional loan is probably cheaper. Loan amounts run $100,000 to $2,000,000. Terms change without notice; ask me for today's matrix before you plan around a number.
Asked here more than anywhere else
I am relocating to Lake Nona and still own a house in another state. Does that stop me?
Usually not. Departing-residence rules cover this — depending on whether the old house is sold, rented or retained, the payment may or may not count against you, and documented rental income can sometimes offset it. Tell me the plan for the old house up front and the file gets structured around it.
What exactly is a physician loan?
A mortgage program written around the fact that a doctor’s early-career finances look bad on paper and are not. It allows a small down payment on loans up to $2M, charges no mortgage insurance, excludes student loans from your debt ratio while you are in residency or fellowship, and lets a signed employment contract stand in for pay stubs with a start date up to 150 days after closing.
Do I need to have started working?
No. A fully executed contract or offer letter works with a start date up to 150 days after closing — close to five months. It has to state your title, start date and compensation, and the only contingencies allowed are your medical license coming through or routine items like a background check. If you are contracted as a 1099 physician the window is tighter, at 60 days.
Is the rate higher than a conventional loan?
Often slightly, and that is the honest trade for a low down payment and no mortgage insurance. Whether it is the better deal depends on how much you would otherwise put down. With a large down payment saved, a conventional loan sometimes wins outright. I will quote both and show you the comparison rather than steering you to the one that is easier for me.
How much student loan debt is too much?
There is rarely a hard cutoff, because what matters is how the payment is counted rather than the size of the balance. In residency or fellowship, loans in deferment, forbearance or reporting $0 on an income-driven plan can be excluded from the ratio altogether — a $400,000 balance and a $150,000 balance look the same at that point. After training the documented income-driven payment is used, which still beats the 1%-of-balance math that sinks conventional files.
Buying in Orlando?
Tell me your timeline and your training stage and I will tell you what is realistic in Orlando — before you start looking at houses.
Also serving Florida
Physician loans in Orlando, FL.
One call, no credit pull. I will tell you what you qualify for and whether this is actually your best option.