01 Purchase
Buy your primary home with little or nothing down, so your savings stay available for the move, your practice, and your family instead of sitting in a down payment.
- 100% financing to $1,000,000
- No PMI
- Fixed rate or ARM
Physician Mortgage Loans · Florida
A home loan designed around a physician’s career.
Buy, refinance, or build your primary home with financing structured for medical incomes — from residency through established practice. You work with one named banker who personally prepares your quote and sees your loan through closing. Talk to the banker, not a directory.
- 0% down up to $1,000,000
- No PMI
- 680 minimum credit score
- Loans up to $3,000,000
$3,000,000 is not a hard cap — higher loan amounts are available on an exception basis.
Prefer email? Write to mramsey@libertyfcu.org — every inquiry goes directly to Matthew Ramsey, Mortgage Banker, NMLS #732738.
100% financing
Up to $1,000,000 with no down payment and no private mortgage insurance.
Lender-Direct
Talk to the banker, not a directory.
Most physician-mortgage websites are directories: you pick a state, get matched with a loan officer you have never heard of, and start over with a stranger. This site is the lender’s own desk. The person whose name is on it prepares your quote, answers your questions, and stays with your loan through closing.
Matthew Ramsey
Mortgage Banker, Liberty Federal Credit Union · NMLS #732738 · 29+ years in financial services · Florida Gulf Coast based
Choose Your Path
Three ways physicians use this program
Whether you are relocating for a residency match, settling into practice, or building the home you plan to stay in, the same physician guidelines apply.
02 Refinance
Replace an existing mortgage with physician-program terms — including refinancing out of a loan that carries PMI, or into a fixed rate from an adjustable one.
- Loans up to $3,000,000
- 680 minimum credit score
- Primary residence
03 Build — Construction-to-Permanent
Finance the construction of your new home and its permanent mortgage in one program, with a builder review process designed to keep your project moving.
- Simplified builder review
- Automatic, free rate float-down at completion, when available
Differentiator
Building your home? Most physician programs stop at purchase and refinance.
This one doesn’t. The same physician guidelines that cover buying or refinancing also cover construction-to-permanent financing — one program for the home you buy, the home you refinance, and the home you build from the ground up.
Ask About Building-
Simplified builder reviewA builder approval process designed to keep your project moving instead of stalling it in paperwork.
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Automatic, free rate float-downWhen your home is completed, your rate can float down automatically at no charge, when available.
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One program, three purposesPurchase, refinance, and construction-to-permanent sit under the same physician program — no separate lender hunt when you decide to build.
Program at a Glance
Financing tiers, stated plainly
How much you can put down — or not put down — depends on the loan amount. Every tier carries no PMI.
| Loan amount | Financing | Down payment |
|---|---|---|
| Up to $1,000,000 | 100% | None — $0 down |
| $1,000,001 – $1,500,000 | 95% | 5% down |
| $1,500,001 – $3,000,000 | 90% | 10% down |
Need more than $3,000,000? Higher loan amounts are available on an exception basis — ask Matthew about your scenario.
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Fixed rate or ARMFixed-rate options commonly run 15 or 30 years; adjustable-rate options are also available.
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No PMI at any tierEven at 100% financing, there is no private mortgage insurance added to your payment.
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680 minimum credit scoreOne clear threshold, published up front — no guessing before you apply.
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Primary residence onlyThe program covers the owner-occupied home you live in — not second homes or investment properties.
Side by Side
Physician mortgage vs. conventional mortgage
The differences that matter most to doctors, in one table. The physician column is this program, through Liberty FCU. The conventional column is general educational information about how standard mortgages typically work — not a quote.
| Feature | Physician Mortgage — Liberty FCU | Conventional Mortgage — General Information |
|---|---|---|
| Down payment | 0% down up to $1,000,000 · 5% down to $1,500,000 · 10% down to $3,000,000 | Typically 20% down to avoid PMI; lower down payments are common but usually carry PMI |
| Private mortgage insurance | No PMI at any tier, even with less than 20% down | PMI usually required when the down payment is under 20% |
| Debt-to-income | No defined DTI ratios; applications reviewed holistically around physician income profiles | Standard debt-to-income limits generally apply |
| Credit score | 680 minimum | Minimums vary by lender and loan type |
| Loan amounts | Up to $3,000,000 | Standard loans are capped by conforming loan limits; larger amounts move into jumbo programs |
| Rate types | Fixed rate or ARM | Fixed rate or ARM |
| Occupancy | Owner-occupied primary residence only | Primary homes, second homes, and investment properties are all commonly financed |
| Construction | Construction-to-permanent available, with simplified builder review and a free rate float-down at completion, when available | Construction financing is a separate, less common product at most lenders |
The conventional column summarizes how conventional mortgages generally work, for education only. It is not an offer, a quote, or a description of any specific lender’s conventional product, and conventional guidelines change over time.
Who Qualifies
Built for every stage of a medical career
You do not need to be established in practice to use this program. Eligibility starts in residency.
- ResidentsFinancing available while you are still in training.
- FellowsEligible throughout fellowship, including relocation purchases.
- Newly Established PhysiciansFor physicians who have recently completed training and started practice.
- Established PhysiciansFull program access, with loan amounts up to $3,000,000.
Eligible credentials
MD
DO
DDS
DMD
OD
DP
DPM
Hold one of these credentials and fall into one of the career stages listed here? Then the program was written for you. If your situation is less straightforward, a short conversation with Matthew will sort out where you stand.
Why Physicians Use This Program
Underwriting that understands physician income
Standard guidelines were written for standard pay stubs. A physician’s income profile — training years, contracts, and earnings that grow steeply — deserves a review built for it.
No defined debt-to-income ratios
The program sets no fixed DTI caps. Instead of being measured against a ratio designed for other borrowers, your application is reviewed on the whole picture of your physician income profile.
No PMI, even at 100% financing
Most low-down-payment loans add private mortgage insurance to the monthly payment. This program does not — at any tier — which keeps more of your income working for you from the first payment.
Construction without the friction
Building? The construction-to-permanent option pairs a simplified builder review with an automatic, free rate float-down when your home is completed, when available.
An Honest Guide
Is a physician mortgage right for you?
This program exists because conventional guidelines fit physicians poorly. That does not make buying the right move for every doctor — here is the balanced picture Matthew will walk through with you.
Reasons it can fit
- Keep your cash working elsewhere. Little or no down payment means reserves stay available for moving, practice buy-ins, or simply a cushion during training.
- No PMI eating into the payment. On a conventional loan with under 20% down, PMI is an added monthly cost that builds no equity. Here it is absent at every tier.
- Buy on your timeline, not your savings timeline. Relocating for a residency, fellowship, or new position often cannot wait years for a 20% down payment to accumulate.
- Underwriting that fits a medical career. With no defined DTI ratios, your application is judged on your whole income profile rather than a formula written for other professions.
Reasons to pause
- A short stay can favor renting. If training will move you again in two or three years, buying and selling costs can outweigh the equity you build. Renting is sometimes the smarter financial move — and an honest banker will tell you so.
- Little down means little cushion. Starting with minimal equity leaves less protection if you need to sell sooner than planned or local prices soften.
- A bigger loan is a bigger obligation. Borrowing up to the program’s tiers only makes sense against the income you actually expect, not the maximum you can qualify for.
- It covers one home. The program is for your primary residence only — it is not a route to a vacation home or a rental property.
The short version: if you expect to stay put for a good stretch of years and your income is on a physician’s trajectory, this program can put you in a home years earlier without PMI. If your next move is likely soon, renting while you train may serve you better. Either way, the first step is a conversation — not an application.
How It Works
From first call to closing, in four steps
Conversation
A short call or email exchange about your career stage, timeline, and the home you have in mind. No obligation, and no application required to talk.
Personalized quote
Matthew prepares a quote based on your situation — loan amount, tier, and fixed or ARM structure — and walks you through it in plain terms.
Application & underwriting
You apply, and your file is underwritten under the physician guidelines: holistic review, no defined DTI ratios, 680 minimum credit score.
Closing
Sign, fund, and move in. For construction loans, your permanent financing is already in place when the build completes.
Your Mortgage Banker
Matthew Ramsey
Matthew Ramsey has spent 29+ years in financial services, with a mortgage career that began in 1997. He has consistently ranked among the top loan officers in Florida and nationally, and he is a longtime Florida Gulf Coast resident — this program is personal because these are his neighbors.
During the 2008 real estate crash, Matthew took a brief pause from mortgage lending — a career he began in 1997 — to further his financial expertise as a financial advisor at Merrill Lynch / Bank of America, where he obtained his Series 7 and Series 66 registrations and a Florida Life, Health & Annuity license. He then returned to mortgage lending, bringing that broader financial perspective to every loan he structures: a loan as one piece of a physician’s overall financial picture, not just a transaction.
- Experience
- 29+ years in financial services
- Mortgage career since
- 1997
- Education
- BS, University of South Florida
- Graduate study
- MBA coursework, Florida Gulf Coast University
- Licensing
- NMLS #732738
Liberty Federal Credit Union
Your loan is through Liberty FCU — a member-owned credit union founded in 1936 in Evansville, Indiana, as Evansville Teachers Federal Credit Union, and known as Liberty Federal Credit Union since 2022. Member-owned means the institution answers to the people who bank with it.
Availability
Built for Florida doctors — and available nationwide
Florida is home turf: Matthew is a longtime Florida Gulf Coast resident, and this program is built first for Florida physicians — including residents and fellows relocating here for training at Florida’s hospitals and medical centers. The same program also travels: it is available across most of the United States, with the specific exclusions listed below.
Available
All of Florida, plus most U.S. states — including these areas called out specifically:
- Florida
- Washington, D.C.
- Puerto Rico
- Illinois (outside Chicago)
Relocating for a residency, fellowship, or new position? If your new state is not on the excluded list, the program can go with you.
Not available
The program is not offered in the following states, or in the city of Chicago:
- Nevada
- Louisiana
- Rhode Island
- Massachusetts
- Maine
- New Mexico
- New Jersey
- Connecticut
- New Hampshire
- Vermont
- New York
- Chicago, IL
Questions
Frequently asked questions
Does this program require PMI?
No. There is no private mortgage insurance on this program at any financing tier — including 100% financing up to $1,000,000.
What credit score do I need?
The minimum credit score is 680.
How much can I borrow with no money down?
100% financing is available on loans up to $1,000,000. Loans from $1,000,001 to $1,500,000 are financed at 95%, and loans from $1,500,001 to $3,000,000 at 90%. Need more than $3,000,000? Higher loan amounts are available on an exception basis — ask Matthew about your scenario.
Is there a maximum debt-to-income ratio?
No. The program has no defined debt-to-income ratios. Guidelines are designed for physician income profiles, and each application is reviewed holistically.
Can I use this loan for a second home or investment property?
No. The program is for owner-occupied primary residences only.
Who is eligible?
Residents, fellows, newly established physicians, and established physicians holding an MD, DO, DDS, DMD, OD, DP, or DPM credential.
Guides & Resources
Learn before you borrow
Start with the guides on this page. Each one is written around the questions physicians actually ask before they buy, refinance, or build.
Physician vs. Conventional Mortgages
Down payment, PMI, debt-to-income, and occupancy rules, compared side by side — with the conventional column clearly labeled as general information.
Read the comparison →Eligibility Guide
Who qualifies, at which career stage, and with which credentials — residents and fellows included, from day one of training.
Check eligibility →Construction-to-Permanent for Physicians
How building fits the program: simplified builder review and an automatic, free rate float-down when your home is completed, when available.
See how building works →Is a Physician Mortgage Right for You?
The honest pros and cons — including when renting through a short training stay is the better financial decision.
Read the honest guide →Relocating to Florida
Florida-first service from a Gulf Coast based banker, plus the full list of where the program is — and is not — available nationwide.
Check availability →Physician Mortgage FAQ
PMI, credit score, down payment tiers, debt-to-income, and second homes — the most common questions, answered directly.
Read the FAQ →
Get a Quote
Start with a conversation
Tell Matthew a little about your plans and he will prepare a personalized quote. Every inquiry goes directly to his work inbox — no call centers, no hand-offs.
Matthew Ramsey · Mortgage Banker · Liberty Federal Credit Union · NMLS #732738