Physician Mortgage in Florida: High-Leverage Financing Without PMI, Guided by Chris Urti
Dr. Home Finance
TLDR
Florida physician home purchases often happen during major career transitions, making flexible, physician-specific financing essential in a fast-moving and complex market.
First National Bank’s physician loan program offers up to 100% financing with no PMI, loan options up to $2M, and flexibility for future income—helping doctors manage costs in a state with high insurance and tax considerations.
The program supports a wide range of medical professionals, including residents and fellows, and allows purchases, refinances, and even new construction, with the ability to close before starting employment.
Chris Urti’s structured approach—thorough upfront review, anticipating underwriting issues, and clear communication—helps reduce delays and stress during high-stakes relocation and purchasing decisions.
Connect with a physician mortgage specialist at FNB to get started
Florida is rarely a “slow decision” state.
Doctors move here for major transitions. New hospital systems. Private practice partnerships. Academic appointments. Sometimes it’s a lifestyle shift. Sometimes it’s a career leap.
What it almost never is… simple.
You’re juggling licensing, relocation, onboarding, and maybe even hurricane insurance quotes—all at once. The last thing you need is a loan program that treats you like a generic borrower.
That’s where First National Bank’s Solutions for Physicians mortgage stands out—and where Chris Urti becomes valuable.
Built for the Transition Moment
Most Florida physician purchases happen during a major change:
Moving from residency to attending
Relocating across state lines
Buying before your first paycheck hits
Refinancing once income stabilizes
This program is designed for that exact moment.
Here’s the structure Florida doctors care about:
Up to $1,250,000 | 0% down payment |
Up to $2,000,000 | Low down payment options |
Up to 100% financing | No PMI |
Fixed-rate options | Adjustable-rate options |
Zero down up to $1.25M.
No PMI inflating your monthly payment.
Purchase or refinance options available.
In Florida—where insurance and taxes already impact the payment—removing PMI makes a real difference.
Who Qualifies in Florida?
The eligibility is broad and intentionally physician-focused:
MD / DO | Residents |
DDS / DMD | Fellows |
DPM / DVM | Interns |
CRNA |
Dentists in Miami? Yes.
CRNAs in Tampa? Yes.
Residents in Orlando? Yes.
The Three Surprises That Derail Florida Residents (And How Chris Prevents Them)
Chris has seen enough files to know what causes friction.
It’s rarely dramatic. It’s usually something small that wasn’t discussed early.
Moonlighting income that wasn’t structured properly.
Contract addendums that weren’t reviewed.
Large deposits that can’t be sourced.
He’s direct about it: most income surprises happen because the loan officer didn’t ask enough questions upfront.
So his approach is simple:
Review documentation thoroughly.
Ask detailed questions early.
Run the calculator constantly.
He doesn’t issue casual pre-approvals. He essentially “pre-underwrites” files on the front end so Florida buyers aren’t scrambling after they’re under contract.
Buying Before Your First Florida Paycheck
This is one of the biggest questions residents ask.
Can I really close before I start working?
Yes — up to 90 days prior to your employment start date, as long as the contract includes a definitive start date.
Chris doesn’t get hung up on typical contract contingencies like licensing or drug testing. He understands physician employment structures and how underwriting views them.
If you have the funds to cover your first payment and the required two months of reserves, buying before payroll can absolutely make sense—especially in tight Florida rental markets.
Cash Strategy for New Florida Docs
Let’s talk about reality.
Most residents don’t have massive savings.
Chris knows that, which is why many take advantage of the zero-down option.
The program requires two months of reserves at closing, but those can come from:
| Personal savings | Gift funds |
He also advises getting gift funds deposited early to avoid last-minute documentation headaches.
Keeping liquidity in Florida isn’t just smart—it’s strategic. Insurance escrows, relocation expenses, and everyday life all hit quickly.
The Way Chris Runs the Process
Chris joined FNB in 2025 with more than 23 years of lending experience, and over a decade specializing in physician financing.
He’s systematic. Calm. Direct.
He reminds buyers:
Keep credit balances low.
Avoid new accounts before closing.
Don’t buy the car first.
And when underwriting asks for documentation?
Provide it quickly.
He’s honest about something many lenders won’t say: arguing with underwriting doesn’t help. Moving efficiently does.
Florida FAQ
Can I use this program for new construction in Florida?
Yes. FNB lists availability for new construction.
Does the physician loan work for refinancing too?
Yes. The program is available for purchases and refinancing.
If I’m a dentist (DDS/DMD) in Florida, do I qualify?
Yes. DDS and DMD are included in the qualifying degrees.
Is PMI required if I put less than 20% down?
FNB’s physician program highlights no PMI even with high financing levels.
Why This Matters in Florida Right Now
Florida moves quickly. Inventory shifts. Insurance variables change. Interest rates move.
The part that shouldn’t feel uncertain is your financing.
Chris’ approach is steady: review everything early, communicate clearly, and remove surprises before they cost you leverage.
Ready to Explore Your Options in Florida?
If you’re relocating or refinancing in Florida as an MD, DO, DDS, DMD, CRNA, resident, or fellow, review your structure before signing a lease or writing an offer.
Reach out directly:
Chris Urti
First National Bank
Phone: (513) 807-4960
Email: [email protected]
NMLS: 436445
Program guidelines, loan limits, and availability subject to change. All loans subject to full underwriting approval. Terms vary by borrower profile, property type, and state.
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