Doctor Loans Florida | 0% Down Mortgage for Medical Professionals | Jhenesis Mortgage

Doctor Loans Florida | 0% Down Mortgage for Medical Professionals | Jhenesis Mortgage
Jhenesis Mortgage NMLS #2532705 · Stacy Ann Stephens NMLS #1933745 Book a Free Call →
Doctor Mortgage Program · Florida

You Spent a Decade Saving Lives.
Now Save on Your Mortgage.

0% down, no PMI, and student loan flexibility — a home loan built for how doctors actually earn, not how they look on paper today.

Check My Eligibility → Estimate My Payment
Up to 100% LTV No Mortgage Insurance Loans up to $2 Million Residents & Fellows Welcome
Licensed in Florida · Mortgage Broker NMLS #1933745 · Jhenesis Mortgage #2532705 Non-Agency Loan Product 24 Years in Real Estate Finance
The Basics

What Is a Doctor Loan — and Why Does It Exist?

Traditional mortgage guidelines were written for borrowers with two years of stable tax returns, modest debt, and a solid down payment. That describes almost nobody fresh out of medical school.

A Doctor Loan (also called a physician mortgage) is a non-agency loan product designed specifically for medical professionals. It recognizes that your earning trajectory matters more than your current bank balance — and that student debt in deferment during residency doesn’t mean you can’t afford a home.

At Jhenesis Mortgage, I work with this product because I’ve seen too many physicians either pay PMI they didn’t need to, delay homeownership for years, or walk away from a home that was absolutely within reach. This loan exists to change that story.

What Makes This Different

0% down payment required
(up to 100% LTV)

Purchase or refinance with low or no down payment — up to $2,000,000 loan amount.

No mortgage insurance (PMI)
ever required

Most low-down-payment loans require PMI — this one does not. That difference can add up to hundreds per month.

Non-agency product. Terms subject to underwriting approval. Not all applicants will qualify.

Loan Parameters

The Numbers You Actually Need to Know

I’m going to give you the real details — not a watered-down overview. Here’s how this loan is structured so you can see clearly whether it fits your situation.

💰 Loan Amounts

  • Minimum$100,000
  • Maximum$2,000,000
  • Min ARM amount$350,000
  • Min FICO score680

📊 LTV & Down Payment

  • Minimum LTV90.01%
  • Maximum LTV100%
  • Mortgage InsuranceNot required
  • Appraisal waiverNot permitted

📐 Debt-to-Income (DTI)

  • LTV ≤ 95% (30-yr fixed)Up to 50%
  • LTV > 95%Up to 45%
  • ARMs & 15-yr fixedUp to 45%

📅 Loan Terms

  • Fixed options15 & 30-year
  • ARM options5/6, 7/6, 10/6
  • Min lock term15 days
  • TransactionsPurchase & Rate/Term Refi

🏠 Property & Financed Properties

  • Max financed properties4
  • Tradeline history24+ months
  • Active tradelinesMinimum 1
  • Closing typeIn-person only

👥 Co-Borrowers

  • Non-occupant co-borrowersPermitted
  • Co-borrower income limit≤ 50% of total qualifying
  • Primary wage earnerMust be medical professional
Eligibility

Which Medical Professionals Qualify?

If you hold one of the following degrees — or you’re currently in residency or a medical clinical fellowship program — you may be eligible. At least one borrower on the loan must hold one of these designations and be the primary wage earner.

MDMedical Doctor
DODoctor of Osteopathy
DDS / DMDDental Surgery or Medicine
PharmDDoctor of Pharmacy
DVM / VMDDoctor of Veterinary Medicine
DPMDoctor of Podiatric Medicine
MD/DO (Ophthalmology)Doctor of Ophthalmology
MD/DO (Psychiatry)Doctor of Psychiatry
CRNA (DNAP or DNP)Certified Registered Nurse Anesthetist
Resident / Fellow / InternWith an eligible degree above

A Note for Residents & Fellows

You qualify based on your current residency income — you don’t have to wait until you’re attending. And if your student loans are deferred or in forbearance while you’re in residency or a clinical fellowship, those payments may be excluded from your DTI calculation entirely. That’s a significant difference from conventional loan programs.

Interactive Tool

Doctor Loan Payment Estimator

Get a rough idea of what your monthly payment could look like — including the PMI savings you’d get with this program versus a conventional loan.

—
Est. Monthly P&I
—
Loan Amount
$0
Monthly PMI Saved

With a conventional loan at this LTV, you’d typically pay PMI. With the Doctor Loan, that line item disappears entirely.

For illustrative purposes only. Does not include taxes, insurance, or HOA. Contact Jhenesis Mortgage for a full pre-qualification.

Student Loan Strategy

How Your Student Loans Are Handled — and Why It Matters

This is the piece most doctors don’t fully understand until we’re sitting down together. Student loan treatment in underwriting can make the difference between qualifying now and waiting another two years. Here’s how it actually works under this program.

Can Be Excluded from DTI

If you’re currently in residency or fellowship

  • Loans in deferment, forbearance, or on an Income-Based Repayment (IBR) plan
  • You must be qualifying based on your current residency/fellowship income
  • This exclusion can dramatically lower your DTI — opening doors that would otherwise be closed
Must Be Counted (All Other Scenarios)

If you’re not in residency / fellowship

  • A monthly payment must be included in your DTI — even if deferred or in forbearance
  • If the credit report shows a payment, that amount is used
  • If $0 or no payment is shown: 1% of outstanding balance, OR the fully amortizing payment
  • IBR payment documentation may also be accepted
Frequently Asked Questions

What Most Doctors Ask Before They Apply

Can I use a doctor loan if I’m still in residency?
Yes — and residents are actually one of the groups this loan was specifically designed to help. You can qualify based on your current residency income, and if your student loans are deferred or in forbearance during residency, those payments may be excluded from your debt-to-income ratio entirely. You don’t need to wait until you’re an attending physician.
Do doctor loans require mortgage insurance (PMI)?
No. One of the biggest advantages of the Doctor Loan program is that mortgage insurance is not required — even when you’re borrowing up to 100% of the home’s value. On a $600,000 home, that could save you $300–$600 per month compared to a conventional loan at the same LTV.
What is the maximum loan amount for a doctor mortgage?
The maximum loan amount is $2,000,000. The minimum is $100,000. For ARM products (5/6, 7/6, or 10/6), the minimum loan amount is $350,000.
What credit score do I need to qualify?
The minimum FICO score for this program is 680. You also need a minimum of 24 months of tradeline history and at least one active tradeline currently reporting on your credit report.
Can I buy any type of property with a doctor loan?
This program is for primary residence purchases and rate-and-term refinances only — it does not cover investment properties or second homes. Certain property types are ineligible, including non-warrantable condos, condo-hotels, mixed-use properties, working farms, and properties with more than 40 acres. Standard single-family homes, warrantable condos, and townhomes are generally acceptable. An in-person appraisal is always required — appraisal waivers are not permitted.
Can I have a co-borrower who is not a medical professional?
Yes — non-occupant co-borrowers are permitted. However, if the co-borrower’s income is being used to qualify, it must represent no more than 50% of the total qualifying income. The medical professional must be the primary wage earner on the loan.
Is a doctor loan available if I already own other properties?
Yes, up to a point. You can have a maximum of 4 financed properties total (including the new one) and still be eligible for this program.
What does “rate and term refinance” cash-back limit mean?
If you’re refinancing an existing home (not purchasing), you can receive cash back at closing — but it’s limited to 1% of the new loan amount. This is a rate-and-term refinance, not a cash-out refinance. If you’re looking for cash-out options, a different loan product may be more appropriate — reach out and we can walk through your options.
How is this different from a conventional loan or FHA loan?
Conventional loans require PMI when you put less than 20% down. FHA loans require mortgage insurance for the life of the loan in most cases. Neither program has special provisions for student loan treatment during residency. The Doctor Loan eliminates PMI entirely, offers higher DTI allowances, and treats student loan debt more favorably for qualifying residents and fellows — making it structurally better for early-career medical professionals in most scenarios.
Which types of doctors qualify for this loan?
The following designations are eligible: MD, DO, DDS, DMD, PharmD, DVM, VMD, DPM, and CRNAs with DNAP or DNP credentials. Ophthalmologists and psychiatrists with MD or DO degrees also qualify. Medical residents, fellows, and interns with one of the eligible degrees are eligible as well. The borrower using their medical income to qualify must hold one of these designations.

Let’s Find Out If You Qualify — In One Conversation

I review your full picture — income, student loans, credit, timeline — and tell you exactly where you stand. No cost, no commitment, no runaround.

Schedule My Free Consultation →

Stacy Ann Stephens · NMLS #1933745 · Jhenesis Mortgage NMLS #2532705

Stacy Ann Stephens | Mortgage Broker | NMLS #1933745 | Jhenesis Mortgage NMLS #2532705 | JhenesisMortgage.com | 407-630-9766

This is not a commitment to lend. Doctor Loan is a non-agency loan product. Terms, rates, and eligibility subject to change. Not all applicants will qualify. Equal Housing Opportunity.

Check My Doctor Loan Eligibility →