First Home · Florida
Higher-Ed Graduate / New Professional in Florida
Just finished med school, law school, or your master's? Buy your first Florida home with programs built for high-earning new professionals.
Common challenges we solve
- Student-loan balances inflating your DTI
- Short employment history at your new job
- Limited down payment savings
- Wanting to start building wealth instead of renting
What you get with Lumos
Physician, attorney, and CPA loan programs with low down payment options
Student loans excluded or capped at IBR payment
Future-income qualifying with a signed offer letter
What's different in Florida
New Florida professionals in qualifying full-time jobs may also want to check Florida Housing's Hometown Heroes program, which has income limits by county and changes often. Florida has no state income tax; at closing, Florida charges documentary stamp tax on the note and deed and a one-time intangible tax on new mortgages, which we include in your estimate.
Loan programs that typically fit
Frequently asked
- Can I close before my first paycheck?
- Yes — we can close up to 60 days before your start date using your signed offer letter.
- Do my student loans hurt me?
- On professional programs we cap or exclude them. On conventional we use your actual IBR or PAYE payment.
- How much do I need to put down?
- Physician and select professional programs offer low down payment options. Down payment requirements vary by program — we'll show you your options.
