Physician Loans
Physician loans in Maine and Florida
In Maine and Florida, I help eligible doctors review physician loans for a primary home purchase or a refinance without cash out. I can review student loan treatment and whether a signed employment contract can be used before closing.
Travis Penny, Mortgage Broker, NMLS #1649161, Vision Mortgage LLC NMLS #1286953. NMLS Consumer Access
Last reviewed October 1, 2026
What is a physician loan?
A physician loan is a mortgage program for an eligible primary home purchase or a refinance without cash out. I review student loan documentation and the possibility of closing on a signed employment contract for clients in Maine and Florida. The separate healthcare professional tier has its own guidelines.
All loans are subject to credit and underwriting approval. Not all applicants will qualify. Program terms and availability can change. This page is for general education and is not a loan offer or a commitment to make a loan. Travis Penny, NMLS ID #1649161, is a mortgage broker with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
Primary homes
The doctor loan program applies to primary residences, not investment properties.
Student debt review
Residents and fellows may receive more flexible treatment of qualifying deferred or forbearance student loan payments.
Direct guidance
I compare this program with conventional financing based on the full costs and your plans.
Program information
This information is general education, not a loan offer or a commitment to lend. Down payment and credit requirements vary by client, property, and program, and guidelines change. For your own situation, call or text me at (207) 615-7770 or email Travis@travis.mortgage.
Who qualifies for a physician mortgage loan in Maine or Florida?
Medical doctors, dentists, and other qualifying healthcare professionals may be eligible. The expanded healthcare professional tier covers registered nurses, nurse practitioners, physician assistants, clinical nurse specialists, and chiropractors under its own guidelines. Read the nurse and healthcare professional guide if that tier fits your work.
Financing and mortgage insurance
Some physician programs do not require mortgage insurance for eligible clients. The healthcare professional tier has separate guidelines, which I confirm for each file. These physician programs are for a primary residence purchase or a refinance that changes loan terms without taking cash out. I will compare the full costs and eligibility with conventional financing.
Can a physician loan work in Maine?
Yes. For an eligible primary home in Maine, I review physician loan options as a mortgage broker with Vision Mortgage, NMLS 1649161, including student loan treatment and whether a signed employment contract can support closing before your start date.
For a Maine primary home, I start with your employment, student loans, and the property you plan to buy. A signed contract may be usable, but the start date and documentation need review.
Whether you are buying near Portland or elsewhere in Maine, I compare the physician program with conventional financing. Mortgage insurance and the full closing costs both belong in that comparison.
If you are in residency or fellowship, tell me how your student debt is currently reported. I can check whether the applicable program treats deferred or forbearance loans differently.
Can a physician loan work in Florida?
Yes. For an eligible primary home in Florida, I review the same style of physician loan questions against your contract, student loans, and the property, including Florida condo project review when the purchase is a condo.
For a Florida primary home, I review whether you are already practicing or moving for a new position. An employment contract may help, depending on its terms and the program.
A Florida condo requires its own property review. I would check the building and insurance information before assuming a physician loan fits a specific purchase.
If you own a home in Maine while planning a Florida move, we can talk through the timing and which property will be your primary home.
Can residents or fellows with student loans use a physician mortgage?
Student loan debt may be treated more flexibly than under some conventional programs. Residents and fellows may be able to exclude deferred or forbearance student loan payments from qualifying. Documentation and program rules determine whether that applies to your file.
Can I close on an employment contract before my start date?
Using a signed employment contract to qualify may be possible depending on the program and your start date. I confirm what documentation is accepted for your file before you make an offer.
Doctors moving from Maine to Florida
I am licensed in Maine and Florida. If you are moving for a position, we can review your employment contract, timing, and primary residence plans alongside the Maine to Florida relocation guide.
Building with a physician loan
The physician programs discussed here do not finance one time close construction. If you are planning to build, I review that as a separate program. Read the Maine one time close construction guide or the Florida one time close construction guide. Eligibility depends on that separate program, the project, and your file.
Doctor loan or conventional loan
A doctor loan may help with financing and mortgage insurance, but those features alone do not make it the best choice. Compare the payment, closing costs, points, and total loan terms with a conventional option. I will review both with you.
How much house can I afford with a physician loan in Maine or Florida?
Read how much house you can afford with a physician loan in Maine and Florida for the factors that shape a practical home budget.
Discuss your file
Call or text me at (207) 615-7770, or email Travis@travis.mortgage. Guidelines can change, and I confirm the current terms for each file.
Frequently asked questions
Can a physician loan work in Maine?
Yes. For an eligible primary home in Maine, I review physician loan options as a mortgage broker with Vision Mortgage, NMLS 1649161, including student loan treatment and whether a signed employment contract can support closing before your start date.
Can a physician loan work in Florida?
Yes. For an eligible primary home in Florida, I review the same style of physician loan questions against your contract, student loans, and the property, including Florida condo project review when the purchase is a condo.
Who can use a physician loan in Maine or Florida?
Medical doctors, dentists, and other qualifying healthcare professionals may be eligible. A separate healthcare professional tier for nurses, nurse practitioners, physician assistants, clinical nurse specialists, and chiropractors has its own guidelines, and the doctor loan terms on this page do not automatically apply to it.
Can a physician loan finance a primary home purchase?
Yes, for eligible clients and properties. The physician program is for a primary residence purchase or a refinance without cash out. I confirm the current guidelines for each file.
Is mortgage insurance required?
This doctor loan program does not require mortgage insurance regardless of down payment. The healthcare professional tier has its own guidelines. I confirm the current program terms for each file.
Can residents or fellows with student loans use a physician mortgage?
Student loan debt may be treated more flexibly than under some conventional programs. Residents and fellows may be able to exclude deferred or forbearance student loan payments from qualifying. Documentation and program rules determine whether that applies to your file.
Can I close on an employment contract before my start date?
Using a signed employment contract to qualify may be possible depending on the program and your start date. I confirm what documentation is accepted for your file before you make an offer.
Is a doctor loan always better than a conventional mortgage?
No. Compare the full payment, closing costs, and terms for your situation. A conventional loan may be a better fit for some clients.
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